Dubai-based financial institution BTA Finance has collaborated with Avaloq to enhance its wealth and investment management operations.

As part of this new partnership, BTA Finance will deploy the cloud-hosted Avaloq platform to upgrade its core wealth infrastructure, front-office systems, and digital banking channels.

This initiative aims to establish an operational framework that will enhance the wealth management experience for clients while utilising data-driven insights to provide tailored investment solutions.

BTA Finance founder and strategist Humberto Coelho said: “Our partnership with Avaloq reflects our commitment to staying at the forefront of innovation in wealth and investment management.

“By harmonising our operations into a unified, future-ready platform, we are building a strong foundation for sustainable growth and enhanced value for investors.”

The Avaloq platform will integrate BTA Finance’s front, middle, and back-office systems into a cohesive unit, promoting high straight-through processing (STP) to reduce manual interventions and speed up the onboarding process for high-net-worth clients.

With built-in compliance features, the platform will assist BTA in adhering to the regulatory standards within the wealth and investment management industry across various jurisdictions.

Additionally, Avaloq’s open architecture integration capabilities will enable BTA to connect with third-party services and applications through Community APIs.

Clients of BTA will also gain access to Avaloq’s user-friendly web and mobile banking solutions.

Avaloq Middle East & Africa head and regional director Akash Anand said: “We look forward to supporting BTA Finance as it digitally transforms its wealth and investment management operations.

“With the Avaloq platform, BTA Finance will benefit from streamlined and efficient operations, with the flexibility to rapidly expand its product and service offering in line with investors’ evolving needs.”

Situated in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA), BTA Finance caters to high-net-worth individuals, as well as corporate and institutional clients on a global scale.

Its service offerings include wealth and asset management, fund management, fixed income execution and brokerage, alongside corporate and investment banking.