IDC MarketScape criteria selection, weightings, and vendor scores represent well-researched IDC judgement about the market and specific vendors. For the purposes of this analysis, IDC divided potential key measures for success into two primary categories: Capabilities and Strategies. The Capabilities score reflects the vendor’s current capabilities and menu of services and how well aligned the vendor is to customer needs. Under this category, IDC analysts will look at how well a vendor builds/delivers capabilities that enable it to execute its chosen strategy in the market. The Strategies score indicates how well the vendor’s future strategy aligns with what customers will require in three to five years. The Strategies category focuses on high-level decisions and underlying assumptions about offerings, customer segments, and business and go-to-market plans for the next three to five years.
According to the IDC MarketScape, “Avaloq’s heritage in wealth management and its integrated core banking suite have made it a valuable technology partner for private banking and wealth institutions across Europe and Asia.”
The report recognizes Avaloq for a set of strengths that support banks across the full wealth management value chain:
- Comprehensive, integrated platform: Avaloq offers a comprehensive, integrated platform for private banking covering the entire wealth management value chain (front, middle, and back-offices). This holistic approach is well suited for private banks seeking to streamline operations on a single platform.
- Robust investment in research and development: >25% of annual software revenue reinvested in R&D is designed to drive innovation and modernization, benefiting clients. Avaloq is striving to be the preferred choice for digital banking and wealth management across regions, with strategic ambitions and investments in digital experience, client management, investment management, trading and custody, lending and credit, payments, treasury, tax, compliance, data analytics, and integration.
- Scalability: Avaloq has proven scalability for large financial institutions — flexible delivery models with front-to-back software and service offerings.
- Clients benefit from reduced IT and operational burden: Avaloq's managed services solutions can significantly reduce IT and operational burden for wealth managers, leveraging process automation to support efficient scaling.
Building on this recognition, Avaloq will continue to focus on client needs as it advances its innovation roadmap to deliver market-leading solutions designed to create long‑term value.
Thomas Shuster, Research Director at IDC, said: “With Avaloq, private and universal banks can modernize their core wealth platform with a single, integrated solution containing deep domain expertise in regulatory compliance, robust reporting capabilities, and a high degree of automation across wealth management operations. Furthermore, Avaloq’s cloud-enabled infrastructure and modular approach is conducive to increasing operational efficiency.”
