Alliance Bank Taps Comarch to Build Its Digital Wealth Platformby Fintech News Malaysia August 22, 2023 0 comments
Alliance Bank Malaysia has selected software firm Comarch to build and launch the its digital wealth platform for its customers.
The new digital wealth management platform enables the bank’s clients to view their portfolios via the allianceonline mobile app.
Customers will be able to access their financial information 24/7, including their investment portfolio, insurance policies, loans, and other financial products. They will also be able to see timely market updates.
Clients can also apply for and utilise portfolio financing, a multi-collateral financing option available via the mobile app to enhance their investment opportunities.
In addition, the platform will have data-driven decision capabilities to help wealth relationship managers create personalised investment advice for their clients.
Andrzej Przewięźlikowski, Comarch’s Vice President, Board Member of Financial Services Division said,
“The cooperation with Alliance Bank gives us the opportunity to expand further into the ASEAN market.
Our wealth management solution, well-proven in European markets, is a compelling choice for the most innovative banks in Asia.”
Kellee Kam, Group Chief Executive Officer of Alliance Bank said,
“We chose to partner with Comarch based on their digital expertise in the wealth management space and the unique functionalities of their solution. In the next five years, we target to grow the wealth management business by doubling our current compounding growth rate.
With our strong belief in the ongoing expansion of the wealth segment in Malaysia, we see the wealth management platform as an important tool that will allow us to deliver a compelling digital wealth proposition to better serve our clients.”