03 February 2015

Avaloq named a leader in IDC MarketScape on wealth management front- and middle office solutions

The Avaloq group has been recognised as a leader in the IDC MarketScape: Worldwide Wealth Management Front – and- Middle Office Solutions 2014 Vendor Assessment 

Thomas Zink, research manager at IDC Financial Insights says, “Front-office solutions have clearly become a key investment priority for private banks around the world, given the need for a more holistic, global view of the customer’s portfolio, the rapid digitisation of the customer relationship and tougher regulations on client suitability.”

Francisco Fernandez, CEO of Avaloq: “Digitalisation, more demanding clients and regulation changes are placing the financial industry under increasing pressure. Innovative solutions have never been more essential. We are delighted that the IDC MarketScape has provided recognition of Avaloq’s commitment to setting the standards for the industry. BPO forms an integral part of our continual quest for innovation by providing us in-depth insight into industry trends. Therefore, our customers are leading the way when it comes to service offering.”

About IDC MarketScape

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

* Source: IDC.

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