Avaloq’s Post

This year's Avaloq Community Conference concluded with a special presentation for our Swiss-based clients, hosted by our Managing Director for #Switzerland and #Liechtenstein, Georges Roten. In his speech, Georges reiterated our unwavering commitment to client satisfaction. During a panel discussion, our Head of Client Management, Chris Z., and Florentin Herold, Head of Web and Mobile Banking at Avaloq, explored the critical role of digital banking channels in enhancing client communication and engagement. Chris then shared an update on our progress in our Voice of Customer initiative, and emphasized the importance of feedback for continuous improvement. They were followed on the stage by Ekaterina Emelianova, Chief Financial Officer of TradeXBank, who shared her first-hand experience working with Avaloq. At the end of the presentations, we invited our clients and partners to a drinks reception, offering a unique opportunity to network and experience our new flight simulators, all while enjoying music by Appenzeller Echo. A heartfelt thank you to everyone who took part yesterday. Your participation and feedback are invaluable to us. #AvaloqCommunity #Innovation #WealthManagement #Finance #Technology #AvaloqCommunityConference2024

The afternoon of the Avaloq Community Conference was dedicated to the theme of #innovation. Melissa Mumlek, Domain Head Mobile Banking, opened the session with insights into the latest advancements in mobile banking at Avaloq. She highlighted the benefits of simpler development and #integration of new features along with enhanced #accessibility for users of all abilities. She was followed by Dr. Nils Bulling, Head Digital Assets, who discussed the future of #DeFi and distributed ledger technology in wealth management. He showcased how Avaloq enables traditional financial institutions to offer trading and custody of #crypto assets, bridging the worlds of traditional and decentralized finance. Dominik Schaffhauser, Senior Domain Lead Functional Frameworks, introduced Web Workplace, our latest user interface for the middle and back office. This web-based #UI for Avaloq Core offers a superior user experience, with native web features and enhanced operability. Claudio Casoli, Domain Head Integration and Output, then took to the stage to discuss the Business Event Grid. He emphasized the importance of standard adapters for real-time data streaming and synchronization, enabling advanced data analytics and improved integration. Lior Leibovich, Head of #AI Lab, provided an insightful introduction to Avaloq’s approach to artificial intelligence and its use cases for wealth management. He explained how Avaloq focuses on improving efficiency and quality, ensuring ethical and responsible delivery of AI-based solutions. The afternoon session ended with a joint presentation by our Chief Banking Operations Manager Roberto Viganò and Roberto Baldessari, General Manager NEC Laboratories Europe GmbH. They took a deeper dive into the real-world applications of #GenAI in banking operations and corporate actions, while highlighting Avaloq’s collaboration with NEC. Thank you to all our expert speakers and clients who joined us on stage today. #AvaloqCommunity #AvaloqCommunityConference2024 #Technology #WealthTech #WealthManagement #Banking #ArtificialIntelligence #DLT #DigitalAssets

Today, we welcome our clients, partners and colleagues to the Avaloq Community Conference 2024 in #Zurich. This year marks the 9th edition of our community conference, reflecting nearly a decade of knowledge-sharing and collaboration. The morning session started with a keynote address by NEC Corporation President and CEO Takayuki Morita, who outlined our key initiatives for the coming months and beyond, including our ongoing #cloud transformation, #AI initiatives and our successful partnership with Aladdin. He was followed by our CEO Martin Greweldinger, who reflected on Avaloq’s achievements in the past year and the latest updates to our offering. He then shared his insights into current industry trends, including the growing demand for alternative investments and for personalized financial services that align with investors' values. During an insightful panel discussion, Fabian Grande, Head of Wealth Products at Avaloq, and Venu Krishnamurthy, Global Head of Aladdin Wealth, BlackRock, discussed how financial institutions can integrate legacy systems and modern applications, and shared their highlights from the first year of our partnership. Our Chief Technology Officer Martin Büchi then took to the stage to update our community on Avaloq's cloud transformation journey, which offers our clients a shorter time-to-market for new services, enhanced flexibility and availability, with banking-grade security. Thank you to everyone who is joining us today in person and online, and especially to our moderator and Swiss television anchor Tanya König #NEC #AvaloqCommunity #WealthManagement #Finance #AvaloqCommunityConference2024

We have successfully rolled out our digital asset platform at our longstanding client Zürcher Kantonalbank in partnership with Fireblocks. Avaloq enables digital asset trading, settlement and custody, while ensuring that financial institutions can efficiently manage risk, optimize transaction costs and comply with regulations. Our platform is available to banks and wealth managers regardless of whether they run their core banking systems on-premises or in a SaaS model. Michael Rausch, Project Lead Digital Assets at Zürcher Kantonalbank, said: “This innovative offering bridges the gap between decentralized and traditional finance, providing our clients with secure access to trading and custody of digital assets. We are looking forward to further collaboration in which we continue to rely on Avaloq’s proven integration and innovation capabilities.” Georges Roten, Managing Director for Switzerland and Liechtenstein at Avaloq, said: “We are proud of this latest milestone in our partnership with Zürcher Kantonalbank. This achievement reflects the bank’s commitment to innovation and comprehensive financial services for its clients. Together with our ecosystem of partners, we are dedicated to providing solutions for digital assets that enable firms to stay ahead of evolving market trends.” Dr. Nils Bulling, Head of Digital Assets Product Domain at Avaloq, said: “As the worlds of traditional finance and #digitalassets continue to converge, established financial institutions are uniquely positioned to offer digital asset services that serve the full spectrum of their clients’ needs. At Avaloq, we empower banks and wealth managers to integrate digital asset services seamlessly into their offerings, enabling them to stay ahead of industry disruptions and maintain their competitive edge." Read the full press release here: https://lnkd.in/dw4cBMgf #AvaloqCommunity #Crypto #Bitcoin #Ether #Defi #Innovation #Switzerland #Finance

In an interview, our Regional Director and Head of South Asia Vibhooti Chaturvedi discussed the digital strategies to help wealth managers in #Malaysia. Vibhooti highlighted Malaysia's economic stability and growing wealth, which have resulted in increased competition in the wealth management space and higher client expectations for innovative services. He explained how digital platforms and data analytics will be essential to enable financial institutions to succeed by enhancing operational efficiency, facilitating more personalized investment advice and allowing real-time decision-making. This in turn enables firms to expand their wealth management services to a broader audience. Thank you Michael Stanhope and Hubbis for sharing Vibhooti’s insights for wealth management firms operating in Malaysia. Read Vibhooti's full interview here: https://lnkd.in/dbR2z55m #AvaloqCommunity #Innovation #Insights #Technology #WealthManagement

We are honoured to be awarded Best End-to-End Solution by Asian Private Banker. The judges at this year’s Technology Awards recognized the benefits of the Avaloq platform for private banks and wealth managers, highlighting our strengths in mobile and web banking, client lifecycle management and portfolio management. The judges also noted that Avaloq consistently demonstrates a willingness to innovate in areas such as automation, cloud transformation and open architecture. Pascal Wengi, our Managing Director for Asia Pacific, the Middle East and Africa, said: “As an orchestrator of the financial ecosystem, Avaloq is firmly committed to fostering an extensive network of specialized partners, so that our clients can access innovative third-party applications which are seamlessly integrated into Avaloq’s unified core platform. This approach enables clients to rapidly expand their offerings and roll out the latest technologies, while relying on a robust core platform that offers up to 99% straight-through-processing rates and regulatory compliance.” Thank you, Asian Private Banker, for recognizing our commitment to innovation as we continue to support banks and wealth managers on their digitalization journey. Read the full award recognition here: https://lnkd.in/gD4t6rMA #AvaloqCommunity #Technology #Awards #WealthManagement #Innovation

Yesterday evening, we had the pleasure of hosting our summer football tournament with clients and partners. The event kicked off in Lachen in the beautiful canton of #Schwyz, with a warm welcome from our Managing Director for #Switzerland and #Liechtenstein Georges Roten and our Head of Client Management Chris Z.. The evening was filled with competitive spirit and a lot of fun on the field. After the matches, everyone enjoyed a delicious barbecue, providing the perfect opportunity for the teams to network and build stronger relationships. Congratulations to the winning team and thank you to Zürcher Kantonalbank, Basler Kantonalbank, Accenture and everyone who participated, making this event a memorable success. #AvaloqCommunity #Event #Networking #TeamSpirit #Summer

Wealth managers face significant delays in client onboarding, with processes often taking over three months for ultra-high net worth clients, according to Avaloq’s wealth industry report. In an article with FT Adviser, our Managing Director for the UK and Ireland Suman Rao explains how these delays can negatively impact the client experience and a firm’s operational efficiency. She highlights how manual intervention is a particular pain point in the UK market – with over 90% of the relationship managers we surveyed stating that simplifying or automating onboarding would greatly support their roles. Read the full story here: https://lnkd.in/gKTTnNrZ #AvaloqCommunity #WealthManagement #Automation #Onboarding #Innovation

Congratulations to the winners of the inaugural Avaloq Citizenship Awards. This year, we launched annual Citizenship Awards to recognize outstanding individuals and teams who go above and beyond to make a positive difference to Avaloq and the communities where we operate. Our 2024 award winners went the extra mile, delivering brilliant volunteering projects to help people and the environment, fostering colleague engagement through events and driving peer mentoring initiatives. Thank you to all our winners for making Avaloq and our communities better places to work and live. #AvaloqCommunity