Avaloq has been named one of the world’s leading technology firms for wealth managers in the 2020 WealthTech100, an annual list of the 100 most innovative wealth tech companies in the world. Companies are selected by a panel of industry professionals and analysts from over 1,200 shortlisted firms, with leaders being ranked on criteria such as efficiency improvements or cost savings for clients, market growth and innovative use of technology to solve complex industry problems. The WealthTech100 is run by FinTech Global, a specialist research firm.
In its overview of Avaloq, FinTech Global stated: “With a broad base of registered external developers, who are part of the Avaloq.one Ecosystem community, together with its 600+ R&D team, the company’s aim is to create an API rich, microservices-based platform that banks can easily use as a hub for rapidly integrating a broad range of fintech innovations. All Avaloq solutions and software/ fintech partners use the unified Avaloq data model to ensure data consistency and minimize risk.”
Avaloq’s listing in the WealthTech100 is another accolade for the firm in 2020. In April, it was named a Leader in The Forrester Wave™: Digital Wealth Management Platforms, Q1 2020 assessment. This came shortly after Avaloq was rated as an industry Leader in Everest Group’s Wealth Management Operations Services PEAK Matrix® Assessment 2020. In this particular assessment, Avaloq achieved the highest rating overall in terms of market impact of any of the companies analyzed by Everest Group.
Juerg Hunziker, Avaloq’s Group CEO, said: “Avaloq has continued to be recognized by the market in 2020 for our product and service excellence, particularly our SaaS and BPaaS solutions and the transformative impact they have on our clients. Awards and accolades such as the WealthTech100 are a testament to the incredible work done by Avaloq’s global staff and our dedicated focus on delivering the most powerful and competitive digital operating models for wealth managers at a time when the future of the sector is digital.”
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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