Avaloq

Thank you to our clients and partners who joined us for our Zurich summer after work party this week. The event brought together the #AvaloqCommunity in German-speaking #Switzerland for a fun evening of #networking, delicious food, and stunning views of Lake Zurich. In their welcoming address, our Managing Director for Switzerland & Liechtenstein Georges Roten and our Head of Client Management Chris Z., thanked our guests for their support and trust over the past 12 months and reaffirmed our commitment to delivering exceptional service. To find out more about our upcoming events, visit https://lnkd.in/dw46RpMZ #Events #WealthManagement #Finance #Technology #Banking

Our client CTBC Bank has successfully implemented the Avaloq Core Platform in its #PrivateBanking operations in #HongKong and #Singapore to offer an enhanced private banking experience. With the go-live of Avaloq Core, CTBC Bank has strengthened its digital capabilities to optimize and automate workflows across the front, middle, and back office, while consolidating its systems into a single platform. Freddie Chen, Head of International Private Banking at CTBC Bank, shared: “The successful implementation of Avaloq’s core platform in our Hong Kong and Singapore operations significantly enhances our ability to provide specialized private banking services. This new core platform supports our expansion and streamlines operations, ensuring compliance across different markets. We are grateful for Avaloq’s expertise and support as we continue to elevate our private banking business globally. Our clients can depend on our commitment to technological innovation, service quality, and wealth building over generations.” Our Regional Director for the North Asia market, Eliza Chang, added: “The private banking sector in Singapore and Hong Kong is undergoing a remarkable transformation, and we are proud to collaborate with CTBC Bank to drive this change. Our specialized core platform empowers CTBC Bank to extend its digital capabilities, optimize processes, and create an exceptional banking experience for its clients. We are proud of the role Avaloq plays in CTBC Bank’s growth in Asia and look forward to further strengthening our partnership.” Read the full press release here: https://lnkd.in/g_4zw2vr #AvaloqCommunity #Technology #WealthManagement #Innovation #Taiwan #Digitalization

We are delighted to win the award for Best Core Solution at this year’s WealthBriefing Asia Awards in #Singapore. This award confirms the strength and flexibility of the Avaloq platform, which provides banks and wealth managers with a robust operational foundation for future scale and international expansion. Representing Avaloq at the gala ceremony were Vibhooti Chaturvedi, Regional Director and Head of South Asia, Tomoko Nasuho, Sales Director for Southeast Asia, Dr. Pradipta Satapathy, Head of Project Delivery APAC MEA and Leonard Leong, Solution Consultant. Thank you ClearView Financial Media for organizing this distinguished event. #AvaloqCommunity #Technology #Awards #WealthManagement #Innovation

We are proud to be a major partner of Nexus2050: The International Tech Pulse, which will take place on 26-27 June in #Luxembourg. Our Managing Director for Luxembourg Geoffrey Dezoppy and his team will be on site to share their insights into financial technology, innovation and the future of wealth management. During a panel discussion moderated by ABBL, Geoffrey and other leaders in finance and technology will explore what open finance means for Luxembourg. Visit us at Stand F02 to find out more about how Avaloq is shaping the future of technology and innovation. To see the full agenda for this year’s event and to register, visit: nexus2050.com We look forward to seeing you there next week! #Nexus2050 #Luxembourg #Innovation #OpenFinance #AvaloqCommunity #Technology

We are thrilled to announce that we have successfully implemented OpenWealth at our longstanding client LGT Private Banking in partnership with Synpulse8.   OpenWealth ensures standardized connectivity between LGT and its financial intermediaries, providing them with near real-time access to the bank’s investment positions and transaction data. This in turn reduces operational risks and enables financial intermediaries to update their platforms with more timely and accurate data.   Markus Werner, Member of the Executive Board at LGT Bank AG, said: “OpenWealth will strengthen our relationships with independent asset managers, family offices and trustees and support our ambitions as a forward-looking custody bank. The standardized solution will ensure that our partners have access to the latest data to better serve their clients. We look forward to strengthening our long-term partnership with Avaloq in the coming years and to continuing our joint development activities for enhanced connectivity with financial intermediaries globally.”   Martin Büchi, Chief Technology Officer at Avaloq, said: “For nearly 20 years, our partnership with LGT has continued to thrive as we support the bank’s long-term growth with our highly scalable core banking system as well as our web banking platform. With this latest joint innovation, LGT is taking a leading role in helping to create a more interconnected financial marketplace while enhancing the value that financial intermediaries deliver for their investors.”   Thanks to Synpulse8’s standard adapter, the entire #AvaloqCommunity can now seamlessly integrate OpenWealth into their core banking systems for improved data exchange with their network of financial intermediaries.   Read the full press release here: https://lnkd.in/gwEWqJm3   #WealthManagement #Innovation #Technology #OpenFinance #API Synpulse

In an interview with finews.asia: Top stories, our Managing Director for Asia Pacific, the Middle East and Africa Pascal Wengi shared his insights on the complexities of upgrading and integrating technology systems in the financial industry. Despite recent advancements in digital transformation, the wealth management industry is still grappling with legacy systems. This is supported by Avaloq’s latest industry survey data, which reveals that 45% of wealth management professionals globally believe that their firm’s technology is outdated. According to Pascal, the key challenge is to prioritize which systems to modernize while ensuring seamless integration with existing platforms, avoiding data loss and providing stable operations. You can read the full story here: https://lnkd.in/d6cJRTY7 Thank you Richard Otsuki for including Pascal’s insights in your article. #AvaloqCommunity #WealthManagement #DigitalTransformation #Banking #Finance #Technology

Yesterday, we launched our 2024 summer after work parties in #Geneva. These annual events are an opportunity for our community of clients and partners to engage in insightful discussions, share perspectives on key market trends and foster stronger relationships. Our guests were warmly welcomed by our Managing Director for Switzerland & Liechtenstein Georges Roten and our Head of Client Management Chris Z., who presented their insights and vision for the #AvaloqCommunity. A big thank you to everyone who joined us yesterday. We look forward to hosting our next after work party in #Zurich later this month. #Events #Switzerland 

Our Managing Director for the UK and Ireland Suman Rao recently spoke with FT Adviser about the technology that powers the UK’s wealth managers. In her interview, Suman discusses how Avaloq is helping midsize wealth managers navigate key challenges such as fee pressure and #consolidation through #automation and operational efficiency. Suman emphasizes the importance of pre-integrated #SaaS solutions that are tailored for midsize firms to succeed in the #UK market. The benefits of this approach include constant availability and built-in #compliance with the latest regulatory updates, including #EMIR Refit rules, which will come into force in the UK in September. With Avaloq, wealth managers can rely on a strong operational foundation that enables firms to easily integrate new technology and services. This allows them to stay at the forefront of technology and market trends over the long term. Thank you Chloe Cheung for this insightful interview with Suman. Read Suman’s full interview here: https://lnkd.in/dnD9a8dg #AvaloqCommunity #WealthManagement #Digitalization #Finance #Innovation #WealthTech #Innovation

At Avaloq, we are proud to celebrate the rich diversity that fuels our innovation. On #WorldCulturalDay this year, our colleagues representing over 70 nationalities came together to share their heritage through food, artefacts and traditional clothing. The event allowed us to learn more about the incredible cultures that make up our company and to foster a deeper understanding and appreciation of our global team. We also welcomed our keynote speaker, former NBA player Thurl Bailey, who delivered an inspiring message on how cultural belonging can drive performance. His message emphasized the importance of harnessing team strengths and embracing cultural diversity to achieve superior performance and foster a sense of belonging. We remain committed to building a workplace where everyone feels valued and empowered to succeed. Thank you to all our colleagues who took part this year. #AvaloqCommunity

Our colleagues recently took part in the Malaysia Wealth Management Forum in #KualaLumpur. The event brought together finance professionals across the region to discuss how banks and wealth managers can tailor their offerings to provide personalized investment services and enable relationship managers to elevate their advisory capabilities. Avaloq was represented by Vibhooti Chaturvedi, our Regional Director and Head of South Asia. He presented strategies on how a client-centric approach can enhance the wealth management experience by aligning services more closely with people’s evolving preferences and needs. This approach is becoming all the more important as the country’s wealth management sector continues to mature. Technology is a key enabler for Malaysia’s wealth management industry to meet the demands of this growing affluent segment. During a panel discussion, our Sales Director for Southeast Asia Tomoko Nasuho explained how data analytics and digital platforms enable advisers to gain deeper insights into client behaviour and preferences, which can help create more targeted and effective service offerings. Thank you to the Hubbis team for organizing this insightful event. #WealthManagement #AvaloqCommunity #DigitalTransformation #ClientExperience