Avaloq named best-in-class provider
Avaloq named best-in-class in the 2022 Aite Matrix: Wealth-Management-Focused Core Banking Systems in Europe and Asia report. Aite-Novarica Group observes that Avaloq’s solutions elegantly enable wealth managers’ businesses to deliver comprehensive functionalities for its clients, catering to all wealth segments, from retail to UHNW.
The report highlights Avaloq’s strengths and key differentiators, such as:
- Extensive product coverage across financial instruments—wider than most, if not all of its competitors
- Data stored using a single, thoroughly engineered, and versatile data model
- Built-in scalability of the system architecture, allowing easy extension and spawning of new businesses within a matter of months
- Broad ecosystem of over 130 partners that serves as an integration platform for customers, developers, and the broader fintech community