Vinay Deshmukh

Announcing our new client BIBD Securities, which is now live on the Avaloq platform. As a wholly owned subsidiary of BIBD Bank Islam Brunei Darussalam, BIBD Securities becomes our first client in #Brunei and marks a major milestone in Avaloq’s growth across Southeast Asia. With Avaloq, BIBD Securities has migrated its operations to a unified platform to enhance its Islamic investment offerings and brokerage services. The Avaloq platform now serves as the core wealth management system for BIBD Securities, consolidating back and middle office functions onto a single platform. Our platform also ensures a high degree of #automation and straight-through processing so our client can achieve greater operational efficiency and ensure high-quality service delivery across Brunei and #AsiaPacific. Jason Wong, Managing Director at BIBD Securities: “Our partnership with Avaloq supports us in delivering tailored, world-class wealth management services that align with Islamic values. By leveraging the Avaloq platform, we are able to serve our clients with personalized investment solutions while supporting Brunei’s #Vision2035 to build a dynamic and sustainable digital economy.” Vibhooti Chaturvedi, Regional Director for South Asia at Avaloq: “This go-live marks Avaloq’s first client in Brunei and a major expansion of our presence in Southeast Asia. The Avaloq platform enables BIBD Securities to scale its operations, roll out new products and services more quickly and to deliver an exceptional #WealthManagement experience.” Read the full press release here: https://lnkd.in/dQ2tG9Gx #AvaloqCommunity #IslamicFinance #DigitalTransformation #SoutheastAsia #Partnership #Finance #Innovation

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Banks in the #APAC region face unique challenges when implementing #GenAI into their lending operations. In this edition of #BankingPerspectives, Yi Chen, Managing Director APAC-Middle East for Moody's Banking, discusses how GenAI is revolutionizing lending and how APAC banks can plan their next move. Read the full blog: https://lnkd.in/e3dTWkzU

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Breaking news: CMB International brings their HK–Singapore Mutual Recognition Fund to Solana with DigiFT and OnChain 🇭🇰🇸🇬🪙 CMB International — one of Asia’s leading asset managers and part of the China Merchants Bank Group — has partnered with DigiFT and OnChain to tokenize the CMB International USD Money Market Fund via the CMBMINT token. The fund is licensed in both Hong Kong and Singapore and represents one of the first dual-licensed, cross-border mutual recognition funds to be tokenized on Solana. CMBMINT is deployed on Solana, alongside three other public blockchain networks, and offers: — Institutional-grade yield backed by a licensed money market fund — Access with fiat and stablecoin subscriptions/redemptions This launch demonstrates how regulated, large-scale financial products can integrate with public blockchain infrastructure, bridging traditional finance with 24/7, globally accessible Internet Capital Markets. More on the news from DigiFT here: https://lnkd.in/gm3vAvAn

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