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Security Bank drives digital transformation of wealth management business with Avaloq

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ZURICH, Feb. 28, 2024 /PRNewswire/ — Philippines-based Security Bank has entered a new partnership with Avaloq, a leading provider of wealth management technology and software. The bank aims to digitalize its wealth management business with the Avaloq Core Platform and to roll out Avaloq’s Relationship Manager (RM) Workplace solution to strengthen its front office. The new partnership will further streamline the bank’s operations while creating an enhanced client experience.

Security Bank is one of the Philippines’ best-capitalized private universal banks, providing bespoke financing, leasing, foreign exchange, stock brokerage, investment banking, and asset management services. Since launching its Wealth Management business in 2017, the bank has grown its wealth management assets under management by a CAGR of 44% and has expanded its client base by a CAGR of 40%. For these results, Asiamoney has recognized Security Bank as Best for HNWs (high net worth) in the Philippines for three consecutive years in 2023, 2022 and 2021. To address the growing demand for bespoke wealth management services, Security Bank has partnered with Avaloq to drive the digitalization of the bank, optimize its front office, and create a solid operational foundation for its continued growth over the long term.

The bank’s new wealth management platform will automate and standardize workflows and enable Security Bank to offer a full spectrum of bespoke investment advisory services and products for its high net worth and affluent clients. Thanks to the native automation capabilities of the Avaloq Core Platform, Security Bank can benefit from high straight-through processing (STP) and service accuracy rates for payments, securities and fund processing, which will improve operational efficiency. This means that Security Bank can focus more resources on providing personalized service, creating new innovative offerings, and expanding into new markets and client segments.

Avaloq’s intuitive RM Workplace solution will provide Security Bank’s relationship managers with a complete overview of client profiles and portfolios, ensuring more targeted communication and simpler transaction management to boost productivity and foster closer client relationships. This will also enable the bank’s relationship managers to offer tailored investment advisory services to a larger, more diverse client base. The solution can be fully customized based on the bank’s needs and is seamlessly integrated with the Avaloq Core Platform.

Arnold Bengco, Financial Markets Head at Security Bank, said: “The bank’s strategic partnership with Avaloq will strengthen our wealth management capabilities even further. We continue to innovate our financial markets products to meet the evolving needs of our clients. With this acute focus to deliver tailored solutions and distinct BetterBanking service, we’re confident our new platform will attract incremental investment AUM and help deepen customer relationships with our Bank.”

Lucose Eralil, Executive Vice President Head Enterprise Technology & Operations at Security Bank, said: “This new partnership with Avaloq reflects our commitment to digitally transforming our bank to deliver exceptional value to our clients and stakeholders and to become the most customer-centric bank in the Philippines. With Avaloq’s specialized wealth management platform and RM Workplace solution, we can further expand our wealth management business to help individuals and businesses in the region grow and preserve their wealth. I look forward to strengthening our partnership with Avaloq over the years to come.”

Pascal Wengi, Managing Director for Asia Pacific, the Middle East and Africa at Avaloq, said: “We are firmly committed to supporting Security Bank on its digitalization journey across the front, middle and back office. By automating end-to-end processes, from order entry to reporting, the Avaloq Core Platform will provide the operational foundation for the future growth and success of the bank’s wealth management business. At the same time, our RM Workplace solution will empower the bank’s relationship managers, helping them to build lasting relationships with their clients. We are proud to work closely with Security Bank to support the growth of the Philippines’ wealth management sector.”

About Avaloq

Avaloq is a premium provider of front-to-back software and services for over 160 financial institutions around the world. Our clients include private banks, wealth managers and investment managers, as well as retail and neo banks. We develop software that can be deployed flexibly through cloud-based software as a service (SaaS) or on-premises, and we offer Banking Operations through our business process as a service (BPaaS) model. Avaloq is a subsidiary of NEC Corporation, a global leader in the integration of IT and network technologies.
www.avaloq.com

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Remote Work Trends: Virtual Vocations’ Q3 2024 Report Spotlights Remote Work Leaders and Top Telework Careers

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Based on in-depth analysis of company data, Virtual Vocations’ Q3 2024 jobs report identifies the top 10 remote-friendly employers and the most in-demand fields for fully remote opportunities, including information technology, healthcare, and customer service. The report also celebrates standout members of Virtual Vocations’ Employer Partner Program, which connects jobseekers with reliable remote work options.

TUCSON, Ariz., Dec. 31, 2024 /PRNewswire-PRWeb/ — Virtual Vocations, a leading remote job board and career services provider, has released its Q3 2024 State of Remote Work report, offering valuable insights for professionals seeking flexible, fully remote employment.

“Remote work is more than a convenience—it’s a transformative shift in employment that empowers workers to achieve flexibility, autonomy, and work-life balance.” –Laura Spawn, CEO and co-founder of Virtual Vocations

Each quarter, Virtual Vocations analyzes company data to spotlight the top 10 remote-enabled companies and industries for fully remote positions. This report also highlights new members of Virtual Vocations’ Employer Partner Program, showcasing organizations dedicated to providing legitimate, fully remote job opportunities.

In Q3 2024, the Virtual Vocations Remote Jobs Database featured fully remote job postings from more than 7,600 unique companies, reflecting the growing demand for flexible work options. Across July, August, and September, approximately 68,000 fully remote job postings were available, with an average of 22,645 new jobs added each month by Virtual Vocations’ team and its Employer Partner Program members. Compared to Q3 2023, access to fully remote job postings increased by 25%, demonstrating the steady expansion of remote work across industries.

As remote work continues to thrive, a growing number of companies and careers are embracing work-from-anywhere flexibility. “Remote work is more than a convenience—it’s a transformative shift in employment that empowers workers to achieve flexibility, autonomy, and work-life balance,” said Virtual Vocations CEO Laura Spawn. “Our Q3 2024 report provides jobseekers with the tools and insights they need to succeed in this evolving environment.”

Ranked by the total number of 100% remote job postings added to the Virtual Vocations database during the quarter, the following companies and industries were identified as the best for fully remote work:

TOP 10 COMPANIES FOR FULLY REMOTE JOBS
1. VocoVision, Inc.
2. UnitedHealth Group
3. Centene Management Company, LLC
4. Humana Inc.
5. Microsoft Corporation
6. Coalition Technologies
7. Allstate Insurance Company
8. Leidos, Inc.
9. General Dynamics Information Technology, Inc. (GDIT)
10. Ambry Genetics Corporation

TOP 10 INDUSTRIES FOR FULLY REMOTE JOBS
1. Information Technology
2. Healthcare
3. Sales
4. Marketing
5. Customer Service
6. Management
7. Financial
8. Project Management
9. Human Resources
10. Account Management

Virtual Vocations also recognized its standout Employer Partners for Q3 2024—organizations that have demonstrated a strong commitment to remote work. These partners actively collaborate with Virtual Vocations to maintain a steady flow of fully remote job opportunities, benefiting both employers and jobseekers. The third quarter’s top Employer Partners included:

Omni Interactions, Inc.Working SolutionsNexRep LLCSusan G. KomenTTEC Holdings, Inc.Achieve Test PrepAccent AdvisorSmith (Smith.ai)The Sentry

Additionally, five new Employer Partners joined Virtual Vocations in Q3 2024, expanding the community of over 3,600 vetted members committed to virtual hiring.

NEW Q3 2024 EMPLOYER PARTNERS
1. ClientPoint, a software development company
2. Computer Systems Institute, a career education company
3. PFM, a Christian non-profit organization
4. Revive Health Associates, a holistic healthcare organization
5. Giampolo Law Group, a legal services company

By fostering partnerships with remote-friendly employers and supporting diverse industries, Virtual Vocations continues its mission to empower jobseekers with opportunities for meaningful, flexible work.

To read Virtual Vocations’ complete Q3 2024 report, visit: https://www.virtualvocations.com/blog/annual-statistical-remote-work-reports/q3-2024-state-of-remote-work-10-best-companies-and-careers-for-work-from-home-jobs/.

ABOUT VIRTUAL VOCATIONS
Founded in 2007 by CEO Laura Spawn and her brother, CTO Adam Stevenson, Virtual Vocations is a small company with a big mission: to connect jobseekers with legitimate remote job openings. To date, Virtual Vocations has helped more than four million jobseekers in their quests for flexible, remote work.

In addition to providing a database of current, hand-screened, and 100% remote job openings, Virtual Vocations offers jobseekers a number of tools to aid in their job searches, including exclusive career courses, downloadable jobseeker content, and career coaching and resume writing services. Virtual Vocations also releases several data-driven reports each year on current trends in remote work.

Virtual Vocations, Inc. is a private, family-owned, and 100% virtual company incorporated in Tucson, Arizona.

Media Contact

Kimberly Back, Virtual Vocations, Inc., 1 (800) 379-5092 x. 703, kim@virtualvocations.com, https://www.virtualvocations.com

View original content to download multimedia:https://www.prweb.com/releases/remote-work-trends-virtual-vocations-q3-2024-report-spotlights-remote-work-leaders-and-top-telework-careers-302340775.html

SOURCE Virtual Vocations, Inc.

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NJ FAST powered by Plug and Play Graduates 14 Startups in its Inaugural Program

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HOBOKEN, N.J., Dec. 31, 2024 /PRNewswire/ — Plug and Play, the world’s leading global innovation platform, has concluded its inaugural cohort, graduating 14 startups for its newest program, the New Jersey Fintech Accelerator at Stevens Institute of Technology powered by Plug and Play (NJ FAST).

Earlier this year, Plug and Play and its founding partners, New Jersey Economic Development Authority (NJEDA), Prudential Financial, and the Stevens Institute of Technology, announced the establishment of NJ FAST.

“Over the past seven years, we have transformed New Jersey’s innovation economy, firmly positioning our state as a national leader in this space and cementing our reputation as the best place for entrepreneurs to start and grow their businesses. Through NJ FAST and our partnerships with Plug and Play, Stevens Institute of Technology, and Prudential, we are empowering emerging leaders in the fintech industry to advance their cutting-edge ideas right here in New Jersey. I look forward to seeing what the inaugural cohort of this program accomplishes in the coming years,” said Governor Phil Murphy.

Building on this foundation, NJ FAST will leverage New Jersey’s longstanding legacy as a leader in the financial industry. With a dedicated focus on fintech, NJ FAST aims to support the growth of innovative companies and create new career opportunities, further expanding New Jersey’s influence in the national finance and fintech sectors.

“NJ FAST will have a long-term impact on the entrepreneurial ecosystem of New Jersey, creating a legacy of success and innovation within the financial services industry for years to come,” said Saeed Amidi, Founder and CEO of Plug and Play. “This initiative is about embedding a culture of innovation in New Jersey, and beyond, with startups we believe can change the world.”

NJ FAST is designed to offer entrepreneurs a platform to drive innovation across the state of New Jersey. Selected startups will benefit from mentorship, funding resources, and opportunities to collaborate with industry experts. As part of the program, startups will have access to Plug and Play’s extensive network of corporate, government, investor, and university partners, providing them with invaluable insights, support, and potential strategic partnerships.

“Since taking office, Governor Murphy has prioritized growing New Jersey’s innovation economy by ensuring that companies of the future have access to first-rate resources and support,” said NJEDA Chief Executive Officer Tim Sullivan. “Through NJEDA’s Strategic Innovation Centers initiative, centers like NJFAST are working to empower startups to develop cutting-edge technologies that create jobs, support long-term sustainable economic growth, and attract world-class talent. The graduation of NJFAST’s inaugural cohort serves as a testament to the initiative’s success fostering innovation, and solidifying New Jersey’s role as a leader in fintech and insurtech.”

Plug and Play is accepting applications for Batch 2 of NJ FAST until January 6th, 2025.

The inaugural batch of NJ FAST consists of the following startups:

DIRO is the first Original Documents capture platform to offer full global coverage.

Physis Investments leverages AI and its proprietary in-house database of over 176 million data points to generate sustainability insights through a SaaS platform and a generative AI-based chatbot.

SPIN Analytics brings digital transformation in credit risk management by leveraging predictive analytics, AI, and ML techniques on big data.

Balcony Technology Group leverages distributed ledger technology to provide the real estate ecosystem with a blockchain-based solution for improved Security, Automation, Transparency, Integration, And Interoperability.

Intergen DATA Develops proprietary AI/ML algo’s to predict when Life Events may occur, what it could be, & how much of a financial impact it would make.

Muse Tax is an A.I.-based tool that finds every tax deduction and credit for you, showing you ways to save on taxes.

Multimodal automate complex, knowledge-based workflows in banking, insurance, and healthcare using generative AI agents.

bckers is an AI and Fintech information services company that specializes in delivering data and analytical tools to assess and score the performance, integrity, and risk of organizations and teams.

Hydronos Labs transforming access to comprehensive weather and climate risk assessment, planning and mitigation capabilities in a constantly changing climate, delivering the latest science in an easy-to-digest and cost-effective manner.

LexFund is the first US marketplace for the multi-billion dollar litigation finance industry.

Synthera.ai generate realistic yield curves, stock prices, FX rates and more using cutting edge generative AI., allowing investors to  test their portfolios on thousands of unseen market scenarios and unlock novel insights previously beyond reach.

Mobysign is a mobile application that offers strong authentication for payments, logins, document signatures and any transaction.

CurraPay is building the Booking.com of the international money transfer market.

Accern NoCodeNLP Platform empowers citizen data scientists to extract fast and easy insights from unstructured data.

For more information about NJ FAST, visit https://www.plugandplaytechcenter.com/plug-and-play/innovation-services/our-programs/nj-fast.

About Plug and Play

Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across five continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we’ve invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com/ 

Media Contact
press@pnptc.com

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SOURCE Plug and Play

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Virtual Vocations Reveals 20 Leading Employers Supporting Remote Workers with Benefits

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The 2024 company benefits report from Virtual Vocations identifies 20 employers that prioritize the needs of their remote workforce by offering robust benefits packages, including health insurance, retirement plans, paid time off, and professional development opportunities. As more professionals seek remote roles that align with their personal and professional goals, access to comprehensive benefits has become a crucial factor in job selection.

TUCSON, Ariz., Dec. 31, 2024 /PRNewswire-PRWeb/ — Virtual Vocations, a leading remote job board and career services provider, has published a report highlighting the top remote-enabled companies that offered competitive benefits in 2024. The report aims to assist jobseekers in identifying companies that not only embrace remote work but also provide comprehensive benefits to support employee well-being and work-life balance.

“Remote work isn’t just about location independence; it’s about creating a sustainable work environment where employees can thrive personally as well as professionally.” –Laura Spawn, CEO and co-founder of Virtual Vocations

Employee benefits are crucial for both employers and employees. For employers, a strong benefits package helps attract and retain top talent, enhances company reputation, and fosters a positive workplace culture. For employees, good benefits improve morale, job satisfaction, and signal the company’s commitment to their future. Job flexibility, particularly the option to work from home full-time, is the most sought-after benefit. In fact, 47% of professionals cited flexibility as the top reason for career change. For those seeking remote work alongside robust benefits, Virtual Vocations has identified 20 of the best companies for both. These large companies are organizations that employee at least 500 workers:

10 BEST LARGE COMPANIES FOR BENEFITS
1. Workday
2. Toast
3. HubSpot
4. Microsoft
5. Google
6. Teleperformance
7. Experian
8. TaskUs
9. Vista
10. Smartsheet

In addition to highlighting large companies with top employee benefits, Virtual Vocations also named the 10 best small companies, which employ fewer than 500 workers:

10 BEST SMALL COMPANIES FOR BENEFITS
1. Chronosphere
2. Golden Hippo
3. Cribl
4. Gametime United
5. Pie Insurance
6. Kajabi
7. Karyopharm Therapeutics
8. Underdog Fantasy
9. Stash
10. Firstup

“Remote work isn’t just about location independence; it’s about creating a sustainable work environment where employees can thrive personally as well as professionally,” said Laura Spawn, CEO and co-founder of Virtual Vocations. “Our 2024 company benefits report highlights companies that understand the value of investing in their remote teams through meaningful benefits.”

While remote work offers unparalleled flexibility, jobseekers increasingly view benefits as a vital part of their overall employment package. Employers that provide benefits tailored to the unique needs of remote workers are better positioned to attract qualified candidates and foster long-term employee satisfaction.

To explore the full 2024 list of top remote-enabled companies that offered the best benefits packages, visit the Virtual Vocations blog at https://www.virtualvocations.com/blog/annual-statistical-remote-work-reports/top-remote-enabled-companies-with-benefits-2024/.

ABOUT VIRTUAL VOCATIONS
Founded in 2007 by CEO Laura Spawn and her brother, CTO Adam Stevenson, Virtual Vocations is a small company with a big mission: to connect jobseekers with legitimate remote job openings. To date, Virtual Vocations has helped more than four million jobseekers in their quests for flexible, remote work.

In addition to providing a database of current, hand-screened, and 100% remote job openings, Virtual Vocations offers jobseekers a number of tools to aid in their job searches, including exclusive career courses, downloadable jobseeker content, and career coaching and resume writing services. Virtual Vocations also releases several data-driven reports each year on current trends in remote work.

Virtual Vocations, Inc. is a private, family-owned, and 100% virtual company incorporated in Tucson, Arizona.

Media Contact

Kimberly Back, Virtual Vocations, Inc., 1 (800) 379-5092 x. 703, kim@virtualvocations.com, https://www.virtualvocations.com

View original content to download multimedia:https://www.prweb.com/releases/virtual-vocations-reveals-20-leading-employers-supporting-remote-workers-with-benefits-302340784.html

SOURCE Virtual Vocations, Inc.

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