Avaloq has won the Best Transaction Processing Solution award at the WealthBriefing European Awards 2020. The awards programme, now in its eighth year, recognizes companies, teams and individuals at the forefront of the wealth management sector.

The award is the eighth accolade or industry citation that Avaloq has garnered in 2020, having recently been named Outstanding Wealth Management Technology Implementation – Back Office partner at the Global Private Banking Innovation Awards 2020.

Winners at the WealthBriefing European Awards 2020 were selected by three panels of experts comprised of bankers, trusted advisers and technology experts as the firms demonstrating innovation and excellence during 2019.

The judges commended Avaloq for the industrial strength of its transaction processing solutions and its excellent straight-through processing rates.

Avaloq Group CEO Juerg Hunziker said: “We are honoured to receive this prestigious accolade from WealthBriefing, a leading authority in wealth management. This award is a testament to our commitment to pursuing excellence and driving more innovation in the development of industry-leading digital platforms for all our clients.”

Avaloq’s market-leading core banking and digital SaaS and BPaaS solutions were also recognized by WealthBriefing earlier this year at the Asia awards edition.