Japan's Nomura Group is rolling out core banking technology from Swiss vendor Avaloq across its Asia wealth management operations.
The Asia wealth management division, which operates out of Singapore and does not include Japan, will use the Avaloq banking system to process its front to back-end transactions.
Francisco Fernandez, CEO, Avaloq, says: "The deal illustrates how Swiss quality in banking software is making inroads internationally as well. We believe this will have a signal effect in Asia's attractive financial markets in particular."