UnionBank transforms wealth digital platform with Avaloq

It will standardize the front, middle, and back office of UnionBank’s wealth mgmt functions.

UnionBank of the Philippines is transforming its wealth management business, partnering with Avaloq to digitize its services.

UnionBank will adopt the Avaloq Core Platform to automate and standardize aspects of the front, middle, and back office of its wealth management functions. This includes client relationship management, compliance, and payment processing. 

The platform will also reportedly offer holistic wealth management services, such as family wealth structuring, philanthropy and sustainability advice as well as professional succession planning.