Emirates Investment Bank, a Dubai-based private bank, has entered a partnership with Avaloq to enhance its private banking, wealth, and investment management systems.
The bank will adopt Avaloq’s platform to modernise its core operations, strengthen front-office capabilities, and upgrade digital banking channels across web and mobile.
The collaboration aims to unify Emirates Investment Bank’s front, middle, and back-office functions within a single platform, improving straight-through processing (STP) and reducing manual workloads.
This integration is expected to speed up client onboarding, enhance operational efficiency, and support compliance with evolving regulatory requirements.
Anthony Jaganathan, Chief Operating Officer at Emirates Investment Bank, 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.”
Avaloq’s open architecture and integration capabilities will allow the bank to connect third-party services via Community APIs, enabling faster innovation and shorter time to market for new products.
The platform also supports comprehensive private banking and wealth management services, providing clients with transparent portfolio views, detailed fee breakdowns, and personalised dashboards.
Akash Anand, Regional Director and Head of the Middle East & Africa at Avaloq, said:
“With the Avaloq platform, the bank will streamline its operations, empower its front-office staff, and enhance client experience through our web and mobile solutions.”
Featured image credit: Edited by Fintech News Middle East, based on image by vector_lovers via Freepik
