The Swiss-based wealthtech leader is launching a new stand-alone, core-agnostic suite of digital wealth management platforms.
Avaloq Wealth is the first new platform to go live as it enables banks and wealth managers to provide highly personalized investment advice and bespoke services to their clients, while reducing the time spent on preparing and analyzing investment proposals. The new platform is available as a stand-alone solution, independent from Avaloq’s market-leading core banking software.
Santiago Schuppisser, Avaloq Group Product Manager, Wealth Platform, said: “Our new platform works across all asset classes, is powered by a high level of automation and offers an outstanding user experience for both the client advisors as well as end-clients. It provides banks and wealth managers with powerful tools to gain investment insights and support real-time investment advice.”
Martin Greweldinger, Avaloq Group Chief Product Officer, said: “Over the next three to five years, there will be a huge generational shift in the global wealth management industry as investment portfolios are being transferred from the baby boomers to the millennials, the so-called ‘digital natives’. Next-generation wealth management clients want to manage their financial affairs in real-time and invest their money based on a highly personalized risk/return profile at a low cost. With our easy-to-use Wealth platform, we are helping banks and wealth managers to meet all these individual client needs in an increasingly complex world.”
Besides Wealth, Avaloq is also planning to launch two additional stand-alone platforms, Engage and Insight in the coming months. The new innovative platforms are designed to provide cost-efficient end-to-end digital solutions at a level of simplicity that will pave the way for the democratization of wealth management.
Digital technologies such as cloud-based operating models, artificial intelligence, data analytics and automation will significantly enhance front, middle and back office processes at banks and wealth managers, resulting in a more personalized, smarter and more efficient client experience
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