Being implemented in several demanding financial centers across the world, the Avaloq Banking Suite is said to offer a fully integrated, modular banking solution of back, middle and front office functionalities.
This also offers customized and advanced business solutions based on the latest technologies, thereby allowing end-to-end coverage of processes with maximum efficiency and flexibility, integrated and comprehensive banking solutions provider Avaloq said.
CNCBI executive director Helen Kan said: "The Avaloq Banking Suite will allow CNCBI to provide more comprehensive wealth management services to customers, enhancing its proposition to new customers and supporting market expansion.
"The solution will be integral to a broad aspect of the business, and integrated with the bank’s processes from front to back office, resulting in greater cost efficiency, risk control capability and scalability."
The Hong Kong based bank has chosen the Avaloq Banking Suite based on its ability to provide a more comprehensive service, which will allow the bank to retain and grow its portfolio of private banking and retail wealth clients.
Based in Hong Kong, CNCBI is a full-service commercial bank that offers a wide range of financial services including corporate banking, personal banking, wealth management, treasury and global markets solutions.
CNCBI is an indirect wholly-owned subsidiary of China CITIC Bank Corporation, which has a network of 1,254 outlets in mainland China.
