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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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

Group revenues up 6% year-on-year, passing the CHF 600 million mark for the first time Adjusted EBITDA for 2019 at CHF 97 million, up 7% from CHF 91 million in 2018, with over CHF 200 million available liquidity Increased share of wallet with existing clients due to Avaloq’s unique ability to enable clients to expand in size, scale and geography whilst reducing complexity; international expansion with institutions in new markets, most...

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Personetics partners with the Avaloq.one Ecosystem
Mar24

Personetics partners with the Avaloq.one Ecosystem

Avaloq and Personetics are entering into a strategic partnership to connect Avaloq’s global banking clients with Personetic’s AI-powered personalized engagement solutions. Personetics, the leading global provider of data-driven and personalized engagement solutions powered by artificial intelligence (AI) for bank customers, is joining the Avaloq.one Ecosystem, Avaloq’s open banking marketplace bringing together financial institutions...

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ABAKA enters strategic partnership with Avaloq with ABAKA joining the Avaloq.one Ecosystem to deliver AI-powered digital banking solutions
Mar04

ABAKA enters strategic partnership with Avaloq with ABAKA joining the Avaloq.one Ecosystem to deliver AI-powered digital banking solutions

ABAKA and Avaloq have announced a strategic partnership where ABAKA will join the Avaloq.one Ecosystem to collaborate on building new AI platforms and digital solutions for client banks of Avaloq around the world. This latest addition to the ecosystem follows ABAKA’s successful Series A funding round which saw the firm raise USD 6.5 million – one of the biggest investments in technology for the pensions and retirement market. ABAKA,...

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Ortec Finance becomes the latest official partner on Avaloq’s Software Exchange Platform
Feb13

Ortec Finance becomes the latest official partner on Avaloq’s Software Exchange Platform

Rotterdam-based Ortec Finance, a market-leading provider of quantitative modelling software for the global wealth management sector, has become the latest technology firm to join Avaloq’s Software Exchange platform. Ortec Finance joins companies such as Thomson Reuters, Actico and UnaVista on the platform, which looks to connect the banks in the Avaloq Community with providers of specialist digital banking solutions. Established in...

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Avaloq recognised as a Leader in 2018 NelsonHall Evaluation & Assessment Tool for Wealth and Asset Management
Feb07

Avaloq recognised as a Leader in 2018 NelsonHall Evaluation & Assessment Tool for Wealth and Asset Management

The Avaloq group has been recognised by NelsonHall as a Leader in its 2018 Wealth and Asset Management NEAT (NelsonHall Evaluation Assessment Tool).* NelsonHall, the leading global IT and business services analyst firm, has recognised Avaloq as a leading vendor in its Wealth and Asset Management NEAT to support customers’ operations with a range of advanced technical and delivery services. It further acknowledged Avaloq as a Leader in...

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Avaloq Strengthens its Governance
Dec21

Avaloq Strengthens its Governance

Francisco Fernandez had onboarded Juerg Hunziker as the Deputy Group CEO and Group CMO in 2016. After two years of successful collaboration he has appointed Juerg Hunziker as Avaloq’s new Group CEO, effective 1 January 2018. Francisco Fernandez will concentrate on his role as the Group Chairman and focus on innovation, strategy and acquisitions. Avaloq is further strengthening its corporate governance to facilitate growth and has a...

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Acquisition: Luxoft set up new Tech Practice for Wealth Managers
Sep28

Acquisition: Luxoft set up new Tech Practice for Wealth Managers

Luxoft Holding, Inc. today announced that it has acquired UNAFORTIS, a Swiss-based wealth management consultancy specializing in Avaloq implementations and business consulting anchored in IT services. Avaloq is a provider of fully integrated banking software for the back, middle, and front office. With a team of in-depth experts dedicated to Avaloq-related services, UNAFORTIS is one of its leading implementation partners. This...

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FinovateEurope: Thibaut Jacquet-Lagreze, Avaloq
Mar07

FinovateEurope: Thibaut Jacquet-Lagreze, Avaloq

Thibaut Jacquet-Lagreze from Avaloq speaks to us at FinovateEurope.

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