At Avaloq, to continue to move forward, we support on-premises deployments but also aim to offer clients an easy path to begin their migration to cloud.
This approach includes two fundamental components. The first has been to re-structure our Avaloq Banking Suite in order to stay ahead of the shift from cloud-enabled technology to cloud-native technology. We created a microservices-based system that uses state-of-the art technology, to allow us to introduce new capabilities such as goal-based wealth management plus ensure that existing functionality can be migrated over time.
The second component is a commitment to creating products that are equivalent across different deployment methods and which are fully cloud agnostic. Take Avaloq Financial Cloud, supporting public, private and hybrid cloud options across core cloud providers; it helps realizing higher levels of automation, which enables businesses to be more agile and quickly scale and re-size their services in response to new demands and client opportunities.
In the future, we expect to see more clients adopting public cloud platforms in a phased approach: starting with non-critical services and development environments before moving on to production environments – provided banking regulations and security compliance requirements have been met.
We have also enhanced the Avaloq Financial Cloud to support hybrid cloud models which will, for example, allow financial institutions, depending on their needs and regulatory constraints, to use public cloud for development and testing work while still using private cloud for production purposes.
If you would like to know more about how Avaloq enable future cloud migration, go to our dedicated pages on SaaS and BPaaS. Or get in touch and let our cloud experts give you the insight you need to start your cloud journey.