Technology Awards 2023 – Best End-to-end Solution

Best End-to-end Solution

 

Avaloq

Best End-to-end Solution

Pascal Wengi

managing director for Asia Pacific, the Middle East and Africa

This award for Best End-to-end Solution recognises Avaloq’s comprehensive range of solutions across the front, middle and back office. These include digital banking platforms, portfolio and risk management systems, client lifecycle management tools, core banking technology and back-office outsourcing.

As an orchestrator of the financial ecosystem, Avaloq is firmly committed to fostering an extensive network of specialised partners, so that our clients can access innovative third-party applications which are seamlessly integrated into Avaloq’s unified core platform.

This approach enables our clients to rapidly expand their offerings and roll out the latest technologies, including AI, machine learning, and blockchain. At the same time, they can rely on a robust core platform that offers up to 99% straight-through processing rates and regulatory compliance.

I look forward to continuing to support banks and wealth managers on their digitalisation journey so that they can better serve the needs of their clients.

What was behind the judges’ decision?

  • Throughout the evaluation period for the Technology Awards 2023, Avaloq showcased remarkable progress in acquiring fresh clientele within the local private wealth sector, specifically in the rapidly expanding onshore markets of Asia
  • Avaloq also effectively persuaded the judging panel of the tangible advantages that its platform brings to private banks and wealth managers from front- to back-office. Among the areas where the solution has demonstrated success are mobile and web banking, client lifecycle management, and portfolio management
  • The company has also consistently demonstrated a willingness to innovate. Among the developments that were relevant during the review period were the automation of labour-intensive tasks in back-office processes, cloud transformation enabling quicker go-to-market, and open architecture enabling the integration of thousands of APIs

What we said

“With its victory in Asian Private Banker’s inaugural Best End-to-end Solution category at the Technology Awards, Avaloq has once again proved that it is one of the regional wealth industry’s leading lights when it comes to offering innovative solutions that help end clients manage their wealth,” said Daniel Shane, editor of Asian Private Banker and chair of the Technology Awards judging panel.

“But the ultimate proof of Avaloq’s success and deepening trust when it comes to the Asia Pacific wealth space is that the company continues to rack up new private bank and wealth management clients, regardless of underlying market conditions. Asian Private Banker would like to congratulate everyone at Avaloq on their success at the Technology Awards 2023.”


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