Best Core Banking Solution
Avaloq
Best Core Banking Solution
Pascal Wengi
managing director for region international
This recognition highlights Avaloq’s industry-leading core banking capabilities, driving digital transformation and operational efficiency in wealth management and private banking.
Our platform’s native automation, unified data model and open architecture have been instrumental in achieving this award. These capabilities enable our clients to eliminate manual processing, ensure data integrity and rapidly roll out new products and services.
By continuously enhancing our core banking capabilities, we empower financial institutions to meet the evolving needs of their clients and maintain a competitive edge in the dynamic Asian market. This award is a testament to our dedication to innovation and excellence in serving the financial industry.
What was behind the judges’ decision?
- Avaloq’s single data architecture ensures real-time consistency across front-to-back operations, while its multi-entity design supports rapid geographical expansion, enabling clients to launch new business lines in as little as four months.
- Offering software-as-a-service (Saas), platform-as-a-service (PaaS), and business process-as-a-service deployment models, Avaloq is proven to reduce time- to-market and infrastructure costs. Wealth clients have been shown to achieve up to 20% higher straight- through processing rates and 10% revenue growth per advisor through automation and AI-enhanced workflows as a result.
- With 130+ fintech partners and integrations like BlackRock’s Aladdin Wealth, Avaloq provides a future- proof foundation for digital assets, ESG analytics, and personalised client experiences – critical for Asia’s UHNW and family office segments.
What we said
“Avaloq has once again redefined excellence in core banking technology, earning the Best Core Banking Solution accolade at the Technology Awards 2024 through a combination of unparalleled scalability, innovation, and client-centric design,” said the Asian Private Banker judging panel at the Technology Awards 2024.
“Its unified platform seamlessly integrates front-to-back operations, enabling financial institutions to manage CHF 4 trillion in client assets with 99% straight-through processing rates. Avaloq’s modular, cloud-native architecture empowers banks to rapidly expand into new markets – often within months – while its single data model ensures consistency across all workflows. The solution’s open API framework and ecosystem of 130+ partners allow institutions to future-proof their tech stacks, integrating advanced capabilities like AI-driven analytics and digital asset management.”
Contact Us
All awards related enquiries to
[email protected]
+852 8191 7196
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