Join the Avaloq compliance community
Despite financial institutions everywhere trying to reduce operating expenses, regulatory demands pile on extra costs – thereby cutting into funds to improve innovation and digitization. But this does not have to be the norm.
As an Avaloq client, you’ll join a community whose members share experiences, swap ideas and solutions and effectively share the costs of compliance. Using solution upgrades embedded with regulatory costs. So, if you’re ready to make the leap, join us and discover what the power of a community can do for you.
Liechtensteinische Landesbank (LLB) wanted to improve the ability of its 250 advisors to assess opportunities and risk, and grow the business, while at the same time ensuring MiFID II/FIDLEG compliance. As the market offered nothing that met its needs, Avaloq set up a three-way innovation partnership with the bank. This has led to Avaloq’s portfolio optimization solution, which is fully integrated with the Avaloq Banking Suite and includes automated compliance checks and a single unified user interface. It gives clients the choice of three advice levels, plus powerful features like on-the-fly risk calculations.
Compliance solutions that save you money
When compliance research and insights are shared across the community, solutions can be found quickly and costs for each client can often be lowered dramatically. For example, 70% of our clients have so far opted for our AEOI/CRS solution.
Each one of them has saved 500 to 1,000 person days of implementation effort, compared with tackling the work in-house.
Staying ahead of the compliance game is top of mind
In 2019, remaining compliant was ranked as the number one challenge for legal and compliance leaders, fuelled by a regulatory landscape which is changing at an unprecedented pace. As seen in a 2019 Gartner report, the inability to effectively measure compliance and ethics was also viewed as a key challenge.
Source: Gartner
