Technology Awards 2022 – Best Core Banking Solution

Best Core Banking Solution

 

Avaloq

Best Core Banking Solution

Pascal Wengi

Managing Director for Asia Pacific, Middle East & Africa (APAC & MEA) and a member of the Group Executive Board at Avaloq

Avaloq takes great pride in being acknowledged as the top core banking solution for 2023, which underscores the high level of trust our clients place in the Avaloq Core Platform. Our comprehensive core banking system provides financial institutions with robust support, enabling automation and standardization of workflows throughout the front-to-back office. This empowers the banking and wealth management sector to reduce complexity and prioritize delivering an enhanced banking and investment experience across the entire client journey. In Avaloq, we continue to evolve with the financial market and we will continue to work on the journey of democratisation of the access to wealth management.

What was behind the judges’ decision?

  • During the period under consideration for the Technology Awards 2022, Avaloq was able to demonstrate significant momentum in obtaining new clients in the regional private wealth industry, particularly in Asia’s fast-growing onshore markets
  • Avaloq was able to convince APB’s judging panel of the tangible benefits to private banks and wealth managers that roll out its platform. Most notably, these included substantially increased time to market for those banks expanding into new markets, higher revenue per RM, and improvements in straight-through-processing (STP) by leveraging automation and artificial intelligence (AI)
  • The company has consistently proven its capacity to innovate, with latest developments including a front-to-back office solution for cryptocurrencies, which features custody and yield generation, wallet and blockchain fees management, and custody for hot, warm and cold wallets

What we said

Avaloq has once again proved beyond doubt that it is one of the industry’s leading providers of innovative solutions aimed at those who manage clients’ financial wealth, said Daniel Shane, editor of Asian Private Banker.

The company’s success in the category of Best Core Banking Solution at Asian Private Banker’s Technology Awards 2022 is a reflection of the platform’s capabilities in driving client success and growth, accelerating transformations, and ultimately improving operational efficiency. We would like to congratulate everyone at Avaloq on their success.

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