05 April 2016
Avaloq named as a ‘leader’ in wealth management BPO by leading research firm NelsonHall
Avaloq is leading the way in wealth management business process outsourcing (BPO) following a recent report by global analyst firm, NelsonHall.
The Avaloq group, an international leader in integrated and comprehensive banking solutions for wealth management, universal and retail banks, has been rated as a ‘leader’ by the well-respected sourcing specialist team at NelsonHall. The report analyses the performance of vendors offering wealth and asset management services, assessing the capability of vendors across a range of criteria and business situations.
The assessment highlights especially the vendors’ ability to deliver immediate benefits to its customers and their ability to meet their customers’ requirements throughout their journey.
“Avaloq has a market leading wealth and asset management BPO capability for central European countries and is gaining traction in Asia,” said Andy Efstathiou, Research Director at NelsonHall and author of the report evaluating the global market for Wealth & Asset Management services. The report also stated that Avaloq's three fully owned BPO centres were one of the key differentiators during the NelsonHall assessment. The report noted that Avaloq’s integrated software platform and BPO services was rare in the industry and allows financial institutions to benefit from shared overhead on a unified platform and banking model.
This rating further substantiates the company's growing recognition as a leader in the wealth management arena, following a report from analyst firm Celent, where Avaloq ranked first in the report for the most new client assets managed using its solutions.
Francisco Fernandez, CEO of the Avaloq group, says, “This report is a fantastic endorsement for us as a company. It further supports the strength of our strategy in the BPO market by highlighting the industry-leading offering we provide. Avaloq is extremely proud of its reputation as a driver of innovation and leader within the financial sector.”