The big news to come in the first half of 2020 is the release of our brand-new platforms, Avaloq Wealth, Avaloq Engage and Avaloq Insights.
As announced at our community conferences in 2019, we will see the first release of the new standalone wealth management platform, Avaloq Wealth. This provides the new functionality needed to allow clients to widen and scale up their advisory business, while still offering the high level of personalization required for upper client segments.
Avaloq Wealth makes the democratization of wealth management a practical reality. The next 12 months will see the delivery of persona-driven functionality for travelling relationship managers, first focusing on giving them the right information at their fingertips, then giving them the ability to edit data on the go and use the tool for issuing transactions. This will bring with it fully-fledged advisory workplace functionality and, at a later stage, the extra functionality needed for discretionary portfolio management.
Avaloq Engage, our new standalone engagement platform, will also be launched in the first half of 2020. It gives our clients the ability to offer both clients and employees superb interfaces and user experiences. Engage will integrate different communication channels, including instant messaging and co-browsing, to improve the interaction between advisory clients and financial institutions, blending banking and wealth management seamlessly and unobtrusively into clients’ everyday lives.
Both Wealth and Engage, as well as Avaloq Core, will be augmented in the next six months with new services based on our new data and analytics platform, Avaloq Insights. This supports better, data-driven decision-making, understanding and segmentation of clients as well as anticipating client queries by linking Avaloq Core’s enterprise-wide object model with data from the other platforms and with external data.