China Banking Corporation (China Bank), one of the largest universal banks in the Philippines, has gone live with its Digital Trust and Wealth Management solution using Intellect’s Wealth Qube suite.
The successful go-live of the state-of-the-art solution, empowers the bank with a truly global platform offering in the space of Trust Banking. It spans across the front, middle and back-office processes of Trust and UITFs, and the SOA architecture extends the modularity of the offering.
The solution supports the setup and maintenance of over 40 asset classes for portfolio management including Islamic securities and caters to the trust banking needs across multi-currency, multi-asset & multi-market needs. It enhances operational efficiency by leveraging the next-generation UITF platform and has an inherent flexibility to launch new products with ease. It is also equipped with a fully-integrated investment and risk management solution to comply with the regulatory needs. The going live of this solution will give a fillip to the investors who will now be able to receive superlative service from the bank. This solution is all set to break through the trust banking business in the APAC region, especially the Philippines where Trust Banking is a key contributor to the business of the banks.
To know more about Wealth Qube, visit https://www.intellectdesign.com/retail-banking/digital-wealth-solution/