Avaloq achieves compliance goal
Banking and wealth management solutions provider, Avaloq group, has announced that its Banking Suite has been rated as fully compliant with the Australian tax system.
The company said compliance testing had been undertaken by Ernst & Young and that the next step would entail integrating Australian superannuation functionality.
Avaoloq established an Australian presence around a year ago and its regional head, Iain Dunstan said its product developers had been working closely with local banking experts to ensure country-specific requirements were fulfilled.
“That is why Avaloq is one of the few international financial solutions providers that have implemented the complex Australian tax regulations successfully,” he said.
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