Avaloq partners with InvestSuite to bring automated investment storytelling to its open banking marketplace

Avaloq partners with InvestSuite to bring automated investment storytelling to its open banking marketplace
08.07.2020 08:41 am

Avaloq partners with InvestSuite to bring automated investment storytelling to its open banking marketplace

Wealth Management

The new fintech in the Avaloq.one Ecosystem offers a unique digital investment solution, StoryTeller, to extend the Avaloq offering and help financial institutions accelerate their digital wealth management transformation.

InvestSuite is a Belgium-based fintech with offices in Warsaw, London, Madrid, Copenhagen, Amsterdam and Sydney. The company provides automated investment solutions to help financial institutions retain their clients by addressing their rapidly-evolving digital needs and to defend their market positions against rising fintech disruptors.

The company provides distinct automated investment products for private banks and wealth managers. The StoryTeller explains historical performance of an investment portfolio in understandable language to investors. Benefits include increased customer satisfaction, financial knowledge and trust through personalized insights and higher engagement.

By partnering with InvestSuite, Avaloq is now able to extend its offering with the InvestSuite StoryTeller to its global list of clients comprising of more than 150 leading banking and wealth management players around the world. More than 100 fintechs have already been onboarded to the open banking marketplace Avaloq.one Ecosystem since its launch in 2019.

Founded in 2018 by an experienced team of bankers, computer scientists and product designers, InvestSuite has so far raised a total of EUR 6 million in funding as it is expanding its global market reach with a sales presence in Europe, Latin America, the Middle East and Australia.

Bart Vanhaeren, CEO and co-founder of InvestSuite, said: “We are thrilled to partner with Avaloq, a global leader in digital banking solutions and wealth management technology, to offer our distinguished product suite of modular wealthtech solutions to more clients in new markets. Our cost-effective investment solutions are targeting a broader client base than typical wealth management offerings since many next-generation investors are not willing to pay high advisory and management fees.”

Martin Greweldinger, Avaloq Group Chief Product Officer, said: “We are excited to be able to connect Avaloq’s international banking and wealth management clients with InvestSuite’s innovative wealthtech-as-a-service solutions. As end-clients’ level of technological sophistication is rapidly evolving, the demand for digital investment products and superior user experiences is increasing as well.  Amidst this trend, agile and personalized solutions such as InvestSuite’s StoryTeller are well placed to pave the way for the democratization of wealth management.”

Related News

Refinitiv acquires Advisor Software Inc. further expanding its digital capabilities for the wealth management industry

Refinitiv announced the acquisition of strategic assets from Advisor Software Inc. (ASI), adding key digital functionalities to Refinitiv’s... Read more »

COVID-19 accelerates shift in expectations for investment advice, finds DIAMAN survey

Investor perceptions towards investment advice have changed as a result of COVID-19 induced volatility, according to key findings from DIAMAN Partners Ltd. (DIAMAN)... Read more »

KBC Bank launches smart investment assistant Matti from Bolero, supported by Objectway

Objectway, a leader in the Digital Wealth & Asset Management software, and KBC Bank have announced, at the beginning of this year, the... Read more »

Avaloq launches Wealth platform to enable highly personalized investment management solutions

The Swiss-based wealthtech leader is launching a new stand-alone, core-agnostic suite of digital wealth management platforms.

Avaloq Wealth is... Read more »

ABAKA Accelerates North American Expansion with Three Senior Executive Appointments

 ABAKA, the global leader in digital saving and retirement enterprise SaaS solutions, has announced three new senior hires in... Read more »

Leading Vietnamese bank selects Temenos Infinity Wealth to bring pioneering wealth management services to investments market

Temenos (SIX: TEMN), the banking software company, today announced that Military Commercial Joint Stock Bank (MB) has selected Temenos Infinity Wealth to... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel