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Taipei Fubon Bank to build new wealth management platform

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The new platform will be launched in Hong Kong and Singapore before its Taiwan roll-out.

Taiwan commercial bank, Taipei Fubon, is building a new wealth management platform for its private banking business in Hong Kong, Singapore, and Taiwan.

The bank has partnered with Avaloq to build the platform, according to the press announcement. 

The platform will initially be rolled out in Hong Kong and Singapore before being offered to Taiwan clients.

The initial deployment will reportedly focus on Customer Relationship Management (CRM), Know-Your-Customer (KYC), regulatory compliance, and product management. 

The platform will also reportedly incorporate other financial instruments and products such as equities, currencies, mutual funds, dual currency investment and structured products like equity-linked notes.