BTA Finance Limited, a Dubai-based financial institution, has entered into a partnership with Avaloq to modernise its wealth and investment management systems.
The institution will adopt Avaloq’s platform as its core wealth management system, aiming to automate and standardise processes, support operational efficiency, and enable the faster introduction of new products and services.
Headquartered in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA), BTA Finance Limited provides financial services to high-net-worth individuals, corporates, and institutional clients worldwide.
Its services include wealth and asset management, fund management, fixed income execution and brokerage, along with corporate and investment banking.
Under the agreement, BTA Finance Limited will implement Avaloq’s cloud-based platform across its core wealth infrastructure, front-office systems, and digital banking channels.
The platform will integrate the institution’s front, middle, and back-office functions into a single system, designed to increase straight-through processing (STP), reduce manual tasks, speed up client onboarding, and strengthen compliance with regulatory requirements across jurisdictions.
According to BTA Finance Limited, the open architecture of Avaloq’s system will allow for the integration of third-party services and applications via Community APIs, which is expected to support the institution’s ability to expand and adjust its service offering.
Clients will also have access to web and mobile banking tools, providing portfolio views, fee breakdowns, self-service functions, and personalised dashboards.
Humberto Coelho, Founder and Strategist of BTA Finance Limited, said:
“By harmonising our operations into a unified, future-ready platform, we are building a strong foundation for sustainable growth and enhanced value for investors. This transformation will allow us to serve our clients with even greater agility, transparency and precision, while continuing to contribute to Dubai’s emergence as a leading hub for financial services.”
Akash Anand, Regional Director and Head of the Middle East & Africa at Avaloq, added:
“With the Avaloq platform, BTA Finance Limited will benefit from streamlined and efficient operations, with the flexibility to rapidly expand its product and service offering in line with investors’ evolving needs.
Featured image credit: Edited by Fintech News Middle East, based on image by freepik
