Infosys (NYSE: INFY), the global leader in next-generation digital services and consulting, today announced a strategic partnership with Avaloq, a leading wealth management software and digital technology provider headquartered in Zurich, to provide end-to-end (e2e) wealth management capabilities through digital platforms. As part of the announcement, Infosys will be a strategic implementation partner for Avaloq’s wealth management suite of solutions to help clients modernize and transform their legacy systems into cutting-edge digital advisory platforms.
Infosys will leverage its Global Delivery Model and a standardized approach to implement Avaloq’s solutions for clients. Avaloq’s specialized knowledge and experience in providing end-to-end wealth management solutions combined with Infosys’s global presence and digital transformation capabilities will help create a one-stop-shop for wealth management clients. Infosys will work closely with Avaloq to develop market opportunities beyond Switzerland and go to market capability for targeted accounts across multiple geographies. With an initial focus on EMEA and APAC regions, the partnership aims to offer e2e products and services as Software-as-a-Service (SaaS), private cloud or public cloud across the globe. Additionally, Infosys and Avaloq will jointly run specialized courses for Infosys experts to get enabled on the Avaloq platform.
Avaloq will also leverage Infosys’s delivery strengths including scale, its Global Delivery Model, its standardized implementation approach, proprietary Infosys tools, and accelerators to reduce the total cost of ownership for product implementation.
Mohit Joshi, President, Infosys, said, “We are excited to partner with Avaloq, a market leader in providing wealth management solutions. We are making significant investments in this partnership, which will materially enhance the value we offer to our financial services clients and will complement our approach to provide industry-focused wealth management solutions. I am excited about taking Avaloq’s SaaS and other cloud-based offerings to our wealth management clients to help them seamlessly scale up their operations.”
Juerg Hunziker, Chief Executive Officer of Avaloq, said, “Avaloq is a global leader in digital banking solutions, core banking software and wealth management technology. We plan to extend our leadership position and provide our SaaS and BPaaS services to the global wealth management segment. Avaloq’s industry-leading wealth management products coupled with Infosys’s proven delivery strengths will provide an integrated end-to-end solution for wealth management. With its global reach, large talent pool and impeccable delivery track record, Infosys is the perfect partner to help us achieve this goal.”