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 170 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

  • BT Financial Group
  • BDO
  • BNI
  • BPI
  • Cathay United Bank
  • CITIC
  • DBS
  • Deutsch Bank
  • Haitong International
  • HSBC
  • Mandiri bank
  • Maybank
  • Mega International Commercial Bank
  • Nomura
  • RBC
  • Taipei Fubon Bank
  • Union Bank of the Philippines

Related articles

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

Pascal Wengi joined Avaloq in 2020, serving most recently as Managing Director for North Asia. In 2023, he was appointed as Managing Director for Asia Pacific, the Middle East and Africa, joining the Avaloq Group Executive Board. Pascal Wengi has over 15 years of experience in the financial technology industry and is based in Hong Kong. Before joining Avaloq, Pascal Wengi worked with several technology vendors in Asia and Switzerland, including Crealogix.