Avaloq, a global leader in digital banking solutions, core banking software and wealth management technology, has won the Best Integrated Front Office Solution award at today’s Asian Private Banker Technology Awards.
Avaloq was selected as a winner of this award especially for the recently launched Avaloq Engage and Avaloq Wealth platforms. The Engage app allows relationship managers to interact with their clients via their preferred social messaging channels (e.g. WhatsApp) and increases their productivity through an NLP-powered virtual assistant that analyses dialogues in real time. Meanwhile, Avaloq Wealth, also launched in 2020, enables a high-quality end-to-end investment process by providing wealth managers with intuitive digital tools which empower them to offer highly personalized and meaningful investment advice to their clients.
In their sixth edition, the Asian Private Banker Technology Awards recognize providers of financial technology solutions that service banking institutions, private banking facilities and wealth managers across Asia for excellence in innovation, execution and business performance. The awards are submission- and pitch-based, with all candidates evaluated and the winners chosen based on strict criteria. The Best Integrated Front Office Solution award goes to the provider that best serves client-facing personnel, helping them efficiently serve clients and manage their portfolios, effectively enhancing the client experience.
Sebastian Enberg, editor at Asian Private Banker, on why Avaloq won this prestigious award: “With its recently released Wealth and Engage solutions, Avaloq has demonstrated how attuned it is to its private banking and wealth management partners, who need integrated and real-time information, analytics and tools to service clients that expect each and every interaction to be frictionless and bespoke. Clearly no stone has been left unturned in the development of these solutions. From proactive client portfolio monitoring and construction to personalized investment ideas, and smart-assisted, compliant mobile conversation channels via a client’s preferred app, Avaloq’s Wealth and Engage solutions are elegant, user-centric, and exceptionally rich in features.”
Imad Abou Haidar, Avaloq’s Head of Asia, said: “We are thrilled to be recognized by Asian Private Banker for our innovative front office solutions. With our standalone platforms – Avaloq Engage, Wealth and Insight – we are aiming to fulfil private banking and wealth management clients’ increasing demand for a hyper-personalized, holistic and impactful advice. These new platforms were developed following a user-centric design approach, focusing on usability and simplicity based on cutting-edge technology. This award is yet another acknowledgement of Avaloq’s continuous innovation journey, and we remain committed to driving a new generation of digital banking services.”
Avaloq today announced that it has signed a multi-year contract with the Geneva-based private bank to continue their partnership in the fields of core banking solutions and back-office operations. With Avaloq’s technology, S.P. Hinduja Banque Privée is now entering the open banking space.
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