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2 clusters · 9 sources · 16 days · First seen · Last updated

Southeast Asian banking technology expansion

Overview

Major financial institutions in Southeast Asia are expanding partnerships to integrate advanced technology into their regional operations.

DBS and Avaloq have entered a memorandum of understanding to expand an 18-year partnership, focusing on wealth management technology and adviser capabilities across Asia. The collaboration aims to support DBS’s goal of reaching SG$1 trillion in assets under management by 2030 through the deployment of the Avaloq platform and the development of digital products.

Following this, UOB and Amazon Web Services (AWS) signed a memorandum of understanding to develop a hybrid infrastructure model for banking across the ASEAN region. This initiative focuses on utilizing cloud and Artificial Intelligence (AI) capabilities to enhance operational resilience and meet regulatory and data residency requirements in Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

Entities

Grab · OpenAI · Jaime Valles · UOB · Avaloq

Timeline

  1. [BUSINESS] 2 sources
    UOB and AWS partner to develop AI-driven banking infrastructure in ASEAN

    UOB and Amazon Web Services are collaborating on a hybrid cloud and AI-driven banking model to serve five ASEAN markets, focusing on regulatory compliance and enhanced customer experiences.

  2. [BUSINESS] 8 sources
    DBS and Avaloq expand partnership to boost Asian wealth management technology

    DBS and Avaloq are expanding their 18-year partnership to enhance wealth management technology in Asia. Meanwhile, Grab and Singaporean banks are launching major AI training initiatives for partners and staff.

Sources

archynewsy.com · asianbankingandfinance.net · cryptobriefing.com · fintechnews.hk · fintechnews.sg · fundselectorasia.com · insurancejournal.com · moneycab.com · ohsem.me