Avaloq

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Year founded: 1985
No. of employees: 2500+

Avaloq is a premium provider of front-to-back software and services for over 160 financial institutions around the world. Our clients include private banks, wealth managers and investment managers, as well as retail and neo banks. We develop software that can be deployed flexibly through cloud-based Software as a Service (SaaS) or on-premises, and we offer Banking Operations outsourcing through our Business Process as a Service (BPaaS) model. Avaloq is a subsidiary of NEC Corporation, a global leader in the integration of IT and network technologies.

Awards

Key contacts


Pascal Wengi, Managing Director Asia Pacific, Middle East & Africa (APAC & MEA), Member of the Group Executive Board

 Bio  Contact

Solutions provided

Avaloq’s first product was a core banking platform developed in 1985, which has evolved into Avaloq Core, the leading product for private banks and wealth managers. Now, Avaloq covers the full wealth management value chain, with intuitive solutions for relationship management and digital banking. Furthermore, through our partnership with BlackRock, our clients in Asia and Europe can seamlessly access the Aladdin Wealth platform’s robust risk analytics and portfolio management capabilities, which are fully integrated with the Avaloq Core Platform.

We also support the back office with Avaloq Banking Operations, which automates manual workflows and business processes, achieving up to 99% straight-through processing (STP) rates for payments and close to 100% service accuracy. Avaloq’s products are all designed with a choice of deployment and implementation options to meet the needs of any financial services provider, including public cloud, Avaloq private cloud or self-hosted models.

Significant clients

  • HSBC
  • Haitong International
  • CITIC
  • Cathay United Bank
  • Taipei Fubon Bank
  • Mega International Commercial Bank
  • DBS
  • RBC
  • BDO
  • BPI
  • UnionBank of the Philippines
  • BCA
  • BNI

Related articles

Pascal Wengi
Managing Director Asia Pacific, Middle East & Africa (APAC & MEA)
Member of the Group Executive Board

Pascal Wengi is the Managing Director Asia Pacific, Middle East & Africa (APAC & MEA) and Member of the Group Executive Board, with over 15 years of experience in the financial technology industry.

He is responsible for driving the company’s impressive growth in the region and is currently based in Hong Kong. He works closely with wealth management firms and private banks to renew their tech ecosystem to help them gain a competitive edge in a dynamically evolving market and grow their client base.

Prior to joining Avaloq, Pascal worked with several technology vendors in Asia and Switzerland, including Crealogix, in numerous roles such as Business Analyst, Project Manager and Account Manager, delivering state-of-the-art financial solutions.