The agreement will see CTBC Bank implement Avaloq’s core banking solution internationally, starting from its business units in Hong Kong and Singapore.
Avaloq’s new client, CTBC Bank, is Taiwan’s largest private bank by consolidated assets under management, with a proud history in the region. CTBC Bank has the most extensive international presence of any Taiwanese bank, with over 116 overseas branches across 14 countries. The bank has a strong foundation in supporting regional businesses, providing international enterprises with comprehensive transnational financial services.