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Avaloq - Transforming Wealth and Asset Management Services

Vendor Analysis

by Andy Efstathiou

published on Apr 02, 2024

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Report Overview:

This NelsonHall vendor assessment analyzes Avaloq's offerings and capabilities in wealth and asset management services 

Who is this Report for:

NelsonHall’s ‘Transforming Wealth and Asset Management Services’ profile on Avaloq is a comprehensive assessment of Avaloq’s offerings and capabilities for the wealth and asset management sector, designed for:

  • Sourcing managers monitoring the capabilities of existing suppliers of technology and operational services and identifying vendor suitability for wealth and asset management services in RFPs
  • Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
  • Financial analysts and investors specializing in the support services sector.

Scope of this Report:

The report provides a comprehensive and objective analysis of Avaloq’s BFS-focused wealth and asset management service offerings and capabilities and market and financial strength, including:

  • Identification of the company’s strategy, offerings, and new developments
  • Analysis of the company’s strengths, weaknesses, and outlook
  • Revenue estimates
  • Analysis of the profile of the company’s customer base including the company’s targeting strategy and examples of current contracts
  • Analysis of the company’s offerings and Avaloq service components
  • Analysis of the company’s delivery organization including the location of delivery centers.

Key Findings & Highlights:

Avaloq was founded in 1985 to provide a proprietary banking suite to banks and wealth managers in the Swiss marketplace. It focused its solution sales to central European banks in Switzerland, Germany, and Austria. It expanded its offerings to deliver SaaS and BPaaS services, using its banking suite in 2011. Its BPaaS services are all delivered inhouse. In 2018, Avaloq opened its solution development to partners by enabling a set of REST APIs. In the past two years, Avaloq has focused on delivering all its offerings in SaaS and BPaaS formats and supporting its legacy clients in moving to SaaS and BPaaS delivery as needed.

In 2020, NEC acquired Avaloq. Since the acquisition Avaloq has set a mission to become “the orchestrator of the financial ecosystem and democratize wealth management.” Avaloq has also been growing its geographic footprint with moves into APAC (primarily Singapore), the Middle East, the Benelux countries, and the U.K.

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