Indonesian bank to use Avaloq's core banking suite

Ridhima Sharma
clock • 2 min read

Jakarta-headquartered PT Bank Mandiri Tbk has selected the Avaloq Banking Suite to run its $14bn AUM wealth management division. The mandate, which Avaloq won after a highly competitive tender process, further increases the Swiss fintech's Asia-Pacific client base and comes after a number of high-profile regional client wins and expanded partnerships in 2019. The Indonesian bank's wealth management division, which has around 50,000 clients overseen by 20 private banking relationship man...

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