CORE BANKING
Security Bank | July 05, 2022
OpenLegacy, provider of the industry’s most advanced legacy integration solution, today announced the results of its digital modernization project with Security Bank, a leading domestic universal bank in the Philippines. The modernization program, which began in late 2020, reduced time to deployment by one third, with OpenLegacy’s team averaging a complete integration every three days.
A traditional modernization route can take up to one month per API, taxing internal developers and raising costs. With OpenLegacy, Security Bank can offer digital services to market quickly and affordably, driving customer satisfaction, cutting costs, and realizing greater value of its existing mainframe investment.
“We needed to accelerate the digital transformation of our services to stay competitive. OpenLegacy modernized integration points of various mission-critical internal systems quickly to ensure our customers get the modern, digital-first experience they’ve come to expect, Our partnership with leading technology providers such as OpenLegacy, brings us closer to achieving our vision to be the most customer-centric bank in the Philippines.”
-Ric Torres, Chief Technology Officer at Security Bank Corporation.
OpenLegacy empowered Security Bank to efficiently build new digital services and generate business-level APIs with the ease of cloud, said Joseph Wong, General Manager, APAC and Japan at OpenLegacy. We are excited to continue to help them unlock core system data in a streamlined fashion.
About OpenLegacy-
OpenLegacy offers a cloud-first legacy modernization platform. OpenLegacy Hub delivers high ROI with a simple, disruption-free, method to generate, extend and manage digital services from legacy systems to the cloud. Jumpstart and optimize your modernization journey and follow it through, no matter the chosen strategy: modernizing in place (hybrid), rehosting/replatforming or even replacing and rewriting the entire application. Each can be simplified and automated to perfect the process drastically eliminating complexity, time, cost, and risk. OpenLegacy’s robust modernization platform is designed to address the painful challenges of complexity, unique skills, and mission-critical stability that core legacy systems (such as mainframe) present in the cloud journey. OpenLegacy is used by many of the world’s leading enterprises, including Citi, Scotiabank, Liberty Mutual, DBS, and Standard Chartered, to name a few. Visit openlegacy.com.
About Security Bank-
Security Bank is a private domestic universal bank in the Philippines with total assets of PHP700 billion as of December 31, 2021. Established in 1951, Security Bank currently has a total of 316 branches and 663 ATMs. Security Bank’s major citations in 2021 include: Philippines’ Best Bank by Euromoney; Best for High Net Worth Clients (HNW) in the Philippines by Asiamoney; Best Retail Bank in the Philippines by Alpha Southeast Asia; and Best Culture of Learning and Diversity Champion by LinkedIn Talent Awards.
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FINTECH
Airwallex | September 26, 2022
Airwallex, a leading global fintech platform, announced it has been recognized as the “Startup of the Year” in the US FinTech Awards.
The US FinTech Awards celebrate the achievements and successes of the U.S. FinTech community each year. The awards honor innovators, directors, and rising stars across the U.S. industry through 20 categories. This year’s awards attracted hundreds of nominations across each category and across the full spectrum of fintech, and Airwallex is proud to be at the top.
As winner of “Startup of the Year”, Airwallex was recognized by the judging panel to be “innovative and impactful, engaging and always enabling customers in the movement of money on a global scale. This fintech is well on its way to becoming established in the U.S. market and making the world even bigger for its target clients. A lesson in excellence.”
“After launching in the U.S. just one year ago, to be able to take home the award for U.S. Startup of the Year is a true honor, That said, this is really just the beginning for Airwallex in the U.S. We are laser focused on ensuring we continue to strengthen our products and offerings so we can provide businesses in the U.S. and broader Americas region with a global infrastructure that can seamlessly support their payment and financial services needs.”
-Ravi Adusumilli, General Manager, Americas at Airwallex
Airwallex was first established in Melbourne, Australia in 2015, and is today, the leading financial technology platform for modern businesses growing beyond borders. The business operates with a team of over 1,200 employees in 19 locations across Asia-Pacific, Europe, and North America. In the U.S., Airwallex has a team of almost 50 across product and engineering, legal, risk & compliance, partnerships and sales, and is planning to continue expanding its U.S. team to further strengthen its foothold in the market.
About Airwallex
Airwallex is the leading financial technology platform for modern businesses growing beyond borders. With one of the world’s most powerful payments and banking infrastructure, our technology empowers businesses of all sizes to accept payments, move money globally, and simplify their financial operations, all in one single platform. Established in 2015 in Melbourne, our purpose is to connect entrepreneurs, business builders, makers and creators with opportunities in every corner of the world. Today, Airwallex has a global footprint across Asia-Pacific, Europe, and North America.
About US FinTech Awards
The US FinTech Awards is brought to you by FinTech Intel, the global market intelligence platforms for financial services technology. The US is home to the world’s premier financial services center and a burgeoning financial technology market. These awards were developed to celebrate this incredible community, and the achievements and successes of the country’s best and brightest. The categories are designed to cover the full spectrum of fintech, and submissions are judged by an independent panel of experts.
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FINANCIAL MANAGEMENT,INVESTMENT MANAGEMENT
CapIntel, NEI Investments and Aviso Wealth | August 30, 2022
CapIntel, a leading financial technology company that improves the day-to-day workflow, efficiency and fund analysis for financial services wholesalers and investment advisors, today announced a new partnership with NEI Investments (NEI), a wholly-owned subsidiary of one of Canada’s largest independent wealth management firms, Aviso Wealth Inc.
Through this partnership, NEI will employ CapIntel’s intuitive FinTech solutions to streamline sales operations and enhance the use of fund data. By leveraging CapIntel’s proprietary technology, NEI’s wholesalers will experience added efficiency in their everyday tasks, including the ability to build portfolio comparisons more quickly, and easily craft best-in-class sales materials to assist advisors in their client conversations.
“Canadians today are increasingly demanding more information and greater transparency around how they invest their hard-earned money, Partnering with CapIntel will provide NEI with access to sophisticated portfolio analysis and comparison tools that will enable advisors and their clients to invest with the highest degree of confidence.”
-Tim Prescott, SVP and Head of Asset Management at Aviso Wealth
The current market has highlighted the need by Canadian investors to have access to advisors who take the time to understand their goals, provide sound and personalized financial advice, and add clarity and context to those recommendations, We’re thrilled that our platform will support the teams at NEI to continue doing just that, while improving the wholesaler, advisor and client experience,said James Rockwood, CEO of CapIntel.
CapIntel’s platform will seamlessly integrate with NEI’s existing technology, taking the company’s sales enablement capabilities to a new level in response to advisor demands and client expectations. The benefits of this partnership will continue to be realized as CapIntel evolves its platform to meet the changing needs of wholesalers and investment advisors as they redefine the standard for outstanding client experiences.
About CapIntel
CapIntel is a Toronto-based financial technology company leading the way in developing intuitive, web-based applications for financial professionals. CapIntel is on a mission to elevate personal finance, and a significant part of this means growing wealth through investments. CapIntel's platform helps financial advisors provide better service to their clients so they can get a better understanding of their investments and feel at ease knowing their future is secured. With over 10,000 advisors and 3 of the 5 Big Banks in Canada on their platform, CapIntel is transforming the advisor-client experience.
About NEI Investments
NEI Investments is a Canadian asset manager specializing in responsible investing, with over C$11 billion under management. With over 30 years of firm experience, NEI is committed to providing Canadian investors with a broad range of responsible investment solutions. The company delivers disciplined, active asset management with a focus on environmental, social, and governance (ESG) factors. NEI Investments also manages and operates a proprietary active ownership program, and has been a signatory of the United Nations' Principles for Responsible Investment for more than 15 years. NEI Investments is a wholly-owned subsidiary of Aviso Wealth.
About Aviso Wealth
Aviso Wealth is one of Canada's largest independent wealth management firms. We're a leading wealth services supplier for the Canadian financial industry, helping hundreds of institutional and retail organizations gain a competitive edge. By connecting to our flexible centre of integrated products and services, our partners are empowered to provide better wealth management to their clients. Our comprehensive offering includes investment dealer and insurance services supporting thousands of financial advisors across Canada. Our asset manager, NEI Investments, is a specialist in responsible investment funds and portfolios. Our award-winning online brokerage, Qtrade Direct Investing™, enables self-directed investors to build their wealth with confidence. And Aviso Correspondent Partners provides custodial and carrying broker services to portfolio managers, investment dealers, insurance and trust companies, and introducing brokers.
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