Vendor Analysis
published on May 16, 2018
Report Overview:
This NelsonHall assessment analyzes Avaloq's offerings and capabilities in Digital Banking services. Avaloq is one of a number of banking operations services companies analyzed in NelsonHall’s comprehensive industry analysis programs.
Who is this Report for:
NelsonHall’s Digital Banking Services Vendor Assessment for Avaloq is a comprehensive assessment of Avaloq’s Digital Banking Services offerings and capabilities designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of capital market process outsourcing and identifying vendor suitability for Digital Banking services 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 Digital Banking services offerings, capabilities, and market and financial strength, including:
- Identification of the company’s strategy, emphases 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 key service components
- Analysis of the company’s delivery organization including the location of delivery locations.
Key Findings & Highlights:
Avaloq was founded to provide a core banking platform to the banking industry. The platform was developed in Switzerland and has extensive retail, wealth and investment management capabilities. All of its’ clients use the Avaloq platform. The platform is continuously updated with semi-annual releases.
In 2012, Avaloq began delivering digital banking capabilities by extending its core platform to include omnichannel functionality using PC and mobile devices. Today, the company is rapidly expanding its digital capabilities by creating an open platform to support third-party, as well as its own, development. Avaloq supports external development as well as the integration of external components through a comprehensive set of REST and SOAP APIs. Today, Avaloq has partnerships with many external software vendors and professional services firms to extend the scope of capabilities of its platform.