04 Feb 2021
Avaloq crowned ‘Best Transaction Processing Solution’ provider at the WealthBriefing Swiss Awards 2021

Avaloq, a global leader in digital banking solutions, core banking software and wealth management technology, has won this prestigious award today for the third time after 2017 and 2019.

Showcasing ‘best of breed’ providers in the global private banking, wealth management and trusted advisor communities, the WealthBriefing Swiss Awards recognize companies, teams and individuals that demonstrated innovation and excellence during 2020. The awards series, this year in its eighth annual edition, is organized by London-based ClearView Financial Media. ClearView publishes the international Family Wealth Report group of newswires, along with research reports and newsletters, while also running a global thought-leadership events programme.

For the 2021 programme, the award’s judges commented on the strength of Avaloq’s submission, highlighting the evidence the firm provided on reversals and efficiency as well as the emphasis on the importance of both data integrity and speed. In addition, the ‘feedback loop’, which provides for the continuous improvement of ‘straight-through processing’, coupled with Avaloq’s market-leading data model were especially robust.

Juerg Hunziker, Avaloq’s Group CEO, said: “It’s very encouraging to start 2021 with this prestigious award in our home market, Switzerland. Avaloq is committed to drive innovation in digital banking globally, building a value proposition that meets the highest service and transactional demands of our growing list of clients across the world. Indeed, we have become a fundamental partner for our clients, helping them to out-compete and grow in a fast-changing, dynamic wealth management sector.”