12 August 2015

Avaloq ranks number one for new assets managed using its solutions

The newly published Celent ‘Core Sales Ranking 2015: Global Sales’ report has highlighted Avaloq’s customer success.

The Avaloq group, an international leader in integrated and comprehensive banking solutions for wealth management, universal and retail banks, was ranked first in the report for the most new client assets managed using its solutions.

The report from Celent, an independent research firm focused on the application of technology in the global financial services industry, also highlighted Avaloq as having the highest average amount of assets involved in new deals for core banking solutions.

Francisco Fernandez, CEO at Avaloq, pinpoints the company’s success in the report as being down to the capabilities of the Avaloq Banking Suite in managing very large assets: “The scalability of stable, well-proven technology is a key factor in enabling the world’s leading banks to achieve the best results. Avaloq is proud of its reputation as driver of innovation within the financial sector. Through this innovation we are able to provide solutions that set us apart from our competitors. We are delighted the results of this report reflect the strength of our work in the marketplace.”

The report rankings sit alongside a host of industry awards the company has won in recognition for its success in the industry. This includes most recently being named ‘Outstanding Wealth Management Technology Provider’ at the 2015 Private Banker International Awards for the second consecutive year.

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