Gain flexibility and efficiency through cloud-enabled banking
Delivering specialized cloud banking services for financial institutions
Free your business with Avaloq cloud banking services
Isn’t it time to simplify?
Explore Avaloq solutions and services
Cloud adoption is taking over the world
As a result of wealth management firms facing pressure to improve operational efficiency and performance, more and more have moved to the cloud.
Main drivers for adopting a cloud system
According to IDC's Innovation in Wealth Management Survey 2018, 84% of wealth managers said the next few years would see them focus on operational efficiency due to increased process complexity and costs, especially with regards to middle and back offices.
In Asia, for example, 94% of wealth managers said the main drivers of cloud adoption were boosting digital innovation and finding more cost-effective ways to serve their clients (such as digital sales and omni-channel experience). In Western Europe, 65% of respondents said they used cloud computing to cut IT expenses and improve IT performance.
World-leading financial players use Avaloq’s cloud services
What do financial institutions like BBVA, DBS and Falcon have in common? They all benefit from Avaloq cloud services.