Avaloq launches Avaloq Insight for advanced data science and AI in wealth management
Nov17

Avaloq launches Avaloq Insight for advanced data science and AI in wealth management

Avaloq Insight is a real-time data science cloud platform providing wealth managers and financial advisers with advanced levels of analytics. The new platform is designed to drive customer satisfaction and increase sales effectiveness based on big data technology. Avaloq Insight is built on an open, modular platform that minimizes complexity by integrating data input from various sources. Its advanced data science workbench,...

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Avaloq teams up with Google Cloud to develop and deliver state-of-the-art cloud solutions for banks and wealth managers
Nov10

Avaloq teams up with Google Cloud to develop and deliver state-of-the-art cloud solutions for banks and wealth managers

Google Cloud and Avaloq, a leader in digital banking solutions, today announced a new strategic partnership to help financial services organizations in their digital transformation using cloud technologies. This new partnership is set to enable financial institutions to use the Avaloq Banking Suite and other Avaloq platforms on Google Cloud. “The financial services industry is undergoing rapid shifts, as banks seek to deliver strong,...

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Avaloq launches comprehensive ESG investment solution for banks and wealth managers
Nov06

Avaloq launches comprehensive ESG investment solution for banks and wealth managers

Global fintech leader Avaloq has launched a sophisticated Environmental, Social and Governance (ESG) investment solution for banks and wealth managers that allows them to build tailored, personalized ESG-compliant portfolios for clients. The solution, launched at a time of record growth and increasing demand from clients for ESG exposure, has been designed to help financial institutions capitalize on the significant market shift...

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Avaloq signs its first Taiwan-based client
Oct15

Avaloq signs its first Taiwan-based client

The agreement will see the Taiwanese bank implement Avaloq’s market-leading wealth management software across its private banking division in Taiwan, Hong Kong and Singapore. Avaloq’s new client is one of Taiwan’s largest commercial banks with more than 150 branches throughout the country. Besides its home market, the bank also offers private banking services in Hong Kong and Singapore. The new client is aiming to implement Avaloq’s...

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Avaloq launches Engage app
Oct13

Avaloq launches Engage app

Avaloq, a leader in digital banking solutions, has launched the Engage app, a solution that allows wealth managers and advisers to engage with clients through social messaging channels such as WhatsApp and WeChat in a secure and compliant manner. Avaloq Engage has been developed to help financial institutions capitalize on the growth of new sales and service channels and comes at a time when “conversational banking” has become a major...

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Avaloq joins NEC for next phase of growth and accelerated innovation
Oct05

Avaloq joins NEC for next phase of growth and accelerated innovation

Avaloq, a Swiss-based global leader in digital banking solutions, core banking software and wealth management technology, today announces its acquisition by Japanese NEC Corporation. Each being a market leader in their own field, the combination of their shared vision, technological strengths, and global presence, will accelerate Avaloq’s long-term growth, global expansion and value creation strategy. Founded in 1985, Avaloq provides...

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Degroof Petercam and Avaloq sign agreement to implement Avaloq’s SaaS solution as new core banking system
Oct01

Degroof Petercam and Avaloq sign agreement to implement Avaloq’s SaaS solution as new core banking system

Degroof Petercam and Avaloq announce signing of agreement to implement Avaloq’s Software as a Service (SaaS) solution as Degroof Petercam’s new core banking system. This new solution will transform Degroof Petercam’s IT platform and better position the institution for growth and new opportunities. As part of its business strategy and digital transformation programme, Belgium-based Banque Degroof Petercam selected Avaloq after a highly...

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Avaloq strengthens its implementation capabilities with a new partnership and a status upgrade
Sep21

Avaloq strengthens its implementation capabilities with a new partnership and a status upgrade

Avaloq, a leader in digital banking solutions announces Confinale’s upgrade to “Premium Implementation Partner” status and introduces Infinogy as a new “Special Service Partner”. Avaloq’s implementation partners have historically played a crucial role in the company’s growth story and they are key members of the global Avaloq Community. Depending on the respective banking and wealth management clients’ location, size and requirements,...

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Avaloq and Ignition announce global partnership
Sep10

Avaloq and Ignition announce global partnership

Ignition Advice continues its strong growth strategy, announcing a global partnership with one of the world’s leading financial services and digital technology providers, Avaloq. Ignition is proud to be the first Australian fintech to be admitted to the Avaloq.one Ecosystem. “Ignition’s accelerated growth comes from a focus on strategic partnerships. With our platform complete and validated, strong distribution partnerships will allow...

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Avaloq awarded climate neutral company label by South Pole
Sep03

Avaloq awarded climate neutral company label by South Pole

Avaloq, a global leader in digital banking solutions and wealth management technology, has obtained the Climate Neutral Company label by leading international climate solutions provider South Pole and achieved its aim of sourcing 100% of its energy from renewable sources. The successful sustainability programme, highlighted in the company’s first Corporate Social Responsibility report, covers the 2019 calendar year. The announcement...

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The Fintech Magazine Issue 17
Sep01

The Fintech Magazine Issue 17

In this of The Fintech Magazine, From a messenger bank for Gen Zers to a challenger inspired by hip-hop, our look at neobanks of the world in this issue is a refreshing, upbeat change from the news of the past few months. There’s an urgency and optimism about these newbies – some spun out of more traditional institutions, others born out of pure, entrepreneurial genius, that haven’t been blown off course by the pandemic, and some that...

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Bankia accelerates democratization of wealth management with Avaloq
Aug20

Bankia accelerates democratization of wealth management with Avaloq

Bankia, the fourth largest financial institution in Spain, has selected Avaloq’s on-premises solution to support the bank’s aspiration to further grow its wealth management business. Bankia, which selected Avaloq after a highly competitive tender process, is the wealthtech’s first Spanish banking client. Amid the COVID-19 crisis worldwide, Bankia and Avaloq have risen to the challenge and are working together closely on a new project...

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Avaloq creates new Global Business Consulting Function to complement its client offering
Aug14

Avaloq creates new Global Business Consulting Function to complement its client offering

Alain Gloden has been appointed as Global Head of Business Consulting to lead the company’s newly launched service. He is based in Zurich and reports to Paco Hauser, Avaloq’s Group Head of Markets. The Global Business Consulting team joins Avaloq’s global markets organization and offers its specialized banking and wealth management services to the company’s existing clients as well as prospects. It strives to facilitate new digital...

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Avaloq partners with InvestSuite
Jul08

Avaloq partners with InvestSuite

The new fintech in the Avaloq.one Ecosystem offers a unique digital investment solution, StoryTeller, to extend the Avaloq offering and help financial institutions accelerate their digital wealth management transformation. InvestSuite is a Belgium-based fintech with offices in Warsaw, London, Madrid, Copenhagen, Amsterdam and Sydney. The company provides automated investment solutions to help financial institutions retain their...

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Global Private Banking Innovation Awards 2020: Avaloq named Outstanding Wealth Management Technology Implementation – Back Office partner
Jun18

Global Private Banking Innovation Awards 2020: Avaloq named Outstanding Wealth Management Technology Implementation – Back Office partner

Avaloq has been named Outstanding Wealth Management Technology Implementation – Back Office partner at the Global Private Banking Innovation Awards 2020. The award is the seventh accolade or industry citation to be won by Avaloq in 2020; most recently, it won the Best Outsourcing Solution and Best Transaction Processing awards at the WealthBriefing Asia Awards 2020. Hosted jointly by The Digital Banker and Global Private Banker, The...

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Avaloq provides Software as a Service solution to help BPI shorten turnaround time for clients and boosts five business units
May18

Avaloq provides Software as a Service solution to help BPI shorten turnaround time for clients and boosts five business units

Avaloq is enabling the Bank of the Philippine Islands (BPI), one of the Philippines’ biggest banks in terms of capitalization, with its Software as a Service (SaaS) solution to help improve customer experience and boost the efficiency of five business units and subsidiaries. Pascal Foehn, Avaloq Executive Board Sponsor for Asia and Avaloq Group COO, said: “The Philippines is seen as a home market for Avaloq given our substantial...

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Avaloq provides Software as a Service solution to help BPI shorten turnaround time for clients and boosts five business units
May14

Avaloq provides Software as a Service solution to help BPI shorten turnaround time for clients and boosts five business units

Avaloq is enabling the Bank of the Philippine Islands (BPI), one of the Philippines’ biggest banks in terms of capitalization, with its Software as a Service (SaaS) solution to help improve customer experience and boost the efficiency of five business units and subsidiaries. Pascal Foehn, Avaloq Executive Board Sponsor for Asia and Avaloq Group COO, said: “The Philippines is seen as a home market for Avaloq given our substantial...

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FAB Switzerland renews its long-term contract with Avaloq to continue the growth of its business
May11

FAB Switzerland renews its long-term contract with Avaloq to continue the growth of its business

The Swiss subsidiary of First Abu Dhabi Bank (FAB) has selected Avaloq’s business process as a service (BPaaS) solution for a further long-term contract to support the institution’s strong growth ambitions. The bank, which awarded the contract to Avaloq after a highly competitive tender process, has been working with the company since 2007 and was its first private banking client in Geneva. FAB Private Bank (Suisse) SA offers wealth...

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Avaloq provides Software as a Service solution to help BPI shorten turnaround time for clients and boosts five business units
May05

Avaloq provides Software as a Service solution to help BPI shorten turnaround time for clients and boosts five business units

Avaloq is enabling the Bank of the Philippine Islands (BPI), one of the Philippines’ biggest banks in terms of capitalization, with its Software as a Service (SaaS) solution to help improve customer experience and boost the efficiency of five business units and subsidiaries. Pascal Foehn, Avaloq Executive Board Sponsor for Asia and Avaloq Group COO, said: “The Philippines is seen as a home market for Avaloq given our substantial...

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Avaloq named a Digital Wealth Management Platform Leader
Apr30

Avaloq named a Digital Wealth Management Platform Leader

Avaloq announced today that it has been named a Leader in The Forrester Wave™: Digital Wealth Management Platforms, Q1 2020 report. The evaluation ranks vendors in the categories of Leaders, Strong Performers, Contenders and Challengers, and is a highly regarded assessment of the top vendors in the digital wealth management platforms market. In its vendor profile, the Forrester report stated, “Avaloq excels with its flexible...

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Deutsche Bank extends wealth management contract with Avaloq in six countries
Apr28

Deutsche Bank extends wealth management contract with Avaloq in six countries

Deutsche Bank has renewed its contract with the leading cloud banking provider Avaloq in Asia and in Europe until the end of 2028. The contract covers Deutsche Bank’s extensive wealth management businesses in six countries – Switzerland, Luxembourg, the UK, Saudi Arabia, Singapore and Hong Kong – and represents one of Avaloq’s most significant and largest business process as a service (BPaaS) and software as a service (SaaS)...

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Avaloq named a Leader in Everest Group’s 2020 Wealth Management PEAK Matrix(R) Assessment
Apr21

Avaloq named a Leader in Everest Group’s 2020 Wealth Management PEAK Matrix(R) Assessment

Avaloq has been named a Leader in the Wealth Management Operations Services PEAK Matrix® Assessment 2020 by Everest Group. The assessment, an objective, industry-recognized evaluation of technology companies in the wealth management space, is used by financial services institutions to make critical decisions about global services providers. Companies were analysed based on two broad themes: their market impact and their vision and...

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Avaloq and ACTICO expand strategic partnership to prevent financial crime
Apr15

Avaloq and ACTICO expand strategic partnership to prevent financial crime

Avaloq, a global leader in innovative software solutions for banks and wealth managers, is expanding its existing partnership with ACTICO, a leading international provider of software for intelligent automation and digital decisioning. The two companies are integrating the ACTICO Compliance Suite into Avaloq’s software solutions for banks and wealth managers, making it easy for Avaloq’s clients to use the new compliance...

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Global banking technology leader Avaloq to reach net zero emissions by Q3 2020
Apr08

Global banking technology leader Avaloq to reach net zero emissions by Q3 2020

Avaloq, a global leader in digital banking solutions and wealth management technology, is on track to reach net zero emissions by the third quarter of this year, one of a number of significant targets the firm is announcing as part of its first CSR programme. Avaloq is also on track to be using 100% renewable energy for its global operations by Q3 as it looks to lead the financial technology sector in its approach to climate change...

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Avaloq posts record annual revenues of CHF 609 million as worldwide demand for SaaS and BPaaS solutions accelerates and client base expands into new countries
Apr02

Avaloq posts record annual revenues of CHF 609 million as worldwide demand for SaaS and BPaaS solutions accelerates and client base expands into new countries

Avaloq, a pioneer in digital banking solutions, core banking software as well as Software as a Service (SaaS) and Business Process as a Service (BPaaS) solutions provider to private banks, wealth managers and universal banks with an advice-led model, has reported record results for 2019 driven by strong, continued demand from new and existing clients. The company posted full-year revenues of CHF 609 million, a year-on-year rise of 6%...

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