The Avaloq Banking Suite has been adopted by Maybank Group to serve Maybank Premier clients in Singapore.

The implementation will provide the Maybank Premier segment with improved capabilities and deliver investment product features for affluent clients while upgrading the risk management and oversight of client portfolios, Avaloq said in a statement yesterday.

"Following the rollout of the Avaloq Banking Suite for the private banking segment, we are extending it to Maybank Premier clients, and believe that this technological upgrading is vital to maintaining an advanced and digitally proficient wealth management suite to increase our competitive edge," Lim Kok Boon, head of Maybank Premier, Maybank Singapore, said.