Infosys and Avaloq team up to strengthen wealth management capabilities through digital platforms

Infosys and Avaloq team up to strengthen wealth management capabilities through digital platforms
26.05.2020 10:04 am

Infosys and Avaloq team up to strengthen wealth management capabilities through digital platforms

Wealth Management

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.”

Related News

Refinitiv expands its digital capabilities for Wealth Managers with the launch of Refinitiv Digital Investor

Refinitiv continues its commitment to the Wealth Management industry with the launch of ... Read more »

Avaloq named Outstanding Wealth Management Technology Implementation – Back Office partner

Avaloq has been named Outstanding Wealth Management Technology Implementation – Back Office partner at the Global Private Banking... Read more »

additiv launches its KickStarter™ offering for DFS Wealth Management PaaS Platform on Microsoft Marketplace

additiv, a leading Software as a Service (SaaS) provider to the wealth management industry, launched in April 2020 an industry first: a rapid, risk-free route... Read more »

New FIS wealth management platform brings rich data insights to the client relationship

As investors of all ages seek advice for weathering the current uncertain investing environment, financial technology leader ... Read more »

Cassini Systems Named Best Margining Solution in FTF News Technology Innovation Awards 2020

Cassini Systems, the leading provider of pre- and post-trade margin and collateral... Read more »

Objectway wins XCelent Depth of Service award in Celent “Wealth Management Client Onboarding Platforms” report

Objectway, a leader in the software and services for the Digital Wealth & Investment Management sector, won the ... Read more »

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