Swiss technology company Avaloq has launched its new Business Process Outsourcing centre in Singapore.
The new Business Process Oursourcing (BPO) centre, which is the first of its kind in the Asia Pacific region, now provides Deutsche Bank Wealth Management with back office operations support for its Singapore and Hong Kong Booking Centres.
Avaloq Sourcing Asia Pacific, a subsidiary of the Swiss Avaloq group, is a fully functioning BPO centre in the heart of Singapore. It offers its services to the financial industry in Asia based on Avaloq’s own software, the Avaloq Banking Suite.
Cost-income Solution
«The new centre will allow institutions across the region to relinquish their non-differentiating back office processes to the economies of scale offered by BPO. This new service will significantly reduce their cost-income ratio burden and provide institutions with a path to increased profitability,» said Peter Scott, Avaloq General Manager Asia Pacific.
