According to The Economist, the world’s most valuable resource is no longer oil, but data. We help our clients to improve the quality of their data, protect it, and use it for the benefits of their clients. We help our clients maintain and improve the quality of their data with our Client Lifecycle Management module, person model 2, clear ownership for each data element and modification only in the master, and the usage of transactional data stores and sagas in microservices.
Avaloq clients have used AWS for elastic capacity for ACP customization since 2015. Avaloq introduced its avaloq.one developer sandbox on public cloud in 2018. We run the complete Avaloq Banking Suite, including the ACP, AFP Web Banking and Front Workplace, and our containerized solutions in public cloud for integration testing and presentations. Avaloq builds on industry standards, such as Kubernetes, to run on any cloud and avoid vendor lock-in. We support the optional usage of managed services with the same API, e.g. Google Cloud SQL PostgreSQL, Amazon MQ, and Azure Windows Virtual Desktop.
General implementation approach
We will implement the new architecture via an evolutionary approach, with small projects that all individually add value for our clients.
We are serious about respecting and protecting your existing investment in the Avaloq Banking Suite. All current ACP functionality will be maintained at least until 2025, or as long as our clients need it, but we will focus innovation on the new implementations. We give clients the choice for each functionality we rewrite, whether they want to use the old ACP implementation or the new self-contained system, and when they want to migrate. We will communicate changes clearly and at an early stage to the Avaloq community, and we expect the community to be keen to learn about the new concepts and technologies that will bring them so many substantial benefits.
Avaloq’s general principles are simplification, productization and agility. We expect most clients to adopt a multi-speed architecture and more frequent upgrades – annually for transaction processing (ACP) and quarterly, or more often, for interactive functionality.