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Digital Digest: The Latest Tech News - Wealth Dynamix, FAB, Other
Editorial Staff
12 May 2020
Client lifecycle management solutions provider has chosen Avaloq’s business process as a service (BPaaS) solution for a further long-term contract. FAB Private Bank (Suisse) serves high net worth individuals and is a wholly owned subsidiary of First Abu Dhabi Bank.
The Middle Eastern bank has worked with Switzerland-based since 2007 and was its first private banking client in Geneva.
For Avaloq, this is the second deal closed with a Geneva-based private banking institution in 2020. In January, Banque Cramer announced that it had selected Avaloq’s BPaaS solution for a further ten-year term.