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Liz is HR Technology and Services Research Director at NelsonHall, with global responsibility for key HR research projects including Cloud-Based HR Transformation, Cloud-Based Benefits Services, HCM Technology, EoR, Global Payroll and The Future of HR, as part of NelsonHall's wider HR Technology & Services practice.
meet & followNikki is a Principal Research Analyst at NelsonHall and a member of the HR Technology & Services practice. Nikki covers HR services research in the areas of Recruitment Process Outsourcing (RPO), Managed Service Programs (MSP), Total Talent, and Learning.
meet & followJeanine is a Principal Research Analyst at NelsonHall and a member of the HR Technology & Services practice. She has global responsibility for key HR areas including employer of record (EOR) and learning platforms.
meet & followDeeAnna is a Principal Research Analyst at NelsonHall and a member of the HR Technology & Services practice. She has global responsibility for key HR areas including HCM technology, workforce management, and health & welfare administration.
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Please visit NelsonHall's HRO Insight blog for further updates from our analysts daily
published on Feb 15, 2016
This NelsonHall assessment analyzes Avaloq’s offerings and capabilities in Wealth and Asset Management services. Avaloq is one of a number of wealth and asset management services companies analyzed in NelsonHall’s comprehensive industry analysis programs.
NelsonHall’s Wealth and Asset Management BPS Vendor Assessment for Avaloq is a comprehensive assessment of Avaloq’s wealth and asset management BPS offerings and capabilities designed for:
Scope of the Report
The report provides a comprehensive and objective analysis of Avaloq’s Wealth and Asset Management BPS offerings, capabilities, and market and financial strength, including:
Avaloq is a vendor of technology based solutions and services for the financial services industry. It was founded in 1985 and is headquartered in Zurich, Switzerland. Avaloq was founded to provide a comprehensive core banking platform, Avaloq Banking Suite, to the banking industry.
In 2011, Avaloq expanded its services into BPS by acquiring a 51% stake in B-Source, a BPS provider founded in 1995. Today B-Source has 795 employees and provides BPS services to ~19 clients on the Avaloq platform, the Avaloq Banking Suite. Today Avaloq delivers BPS out of three BPO centers. In November 2015, Avaloq’s BPO center in Singapore successfully went live on the Avaloq Banking Suite, for Deutsche Bank in Singapore and Hong Kong, while the BPO center in Germany went live on Avaloq in January 2016, for five additional banks.
Avaloq entered the wealth and asset (W&A) BPS business in 2011 with the B-Source acquisition. The first wealth and asset management BPS engagement of B-Source was with BSI (Banco Svizzera Italiana), in 2005.
Avaloq’s wealth and asset management BPS delivers services from three centers, to support its clients around the globe:
Avaloq’s primary targets for wealth and asset management BPS are:
Avaloq has wealth and asset management BPS clients in Switzerland, Germany and Singapore.
Avaloq’s strategy is focused on the delivery of a few key, interdependent benefits: