Avaloq Group
Founded Year
1985Stage
Unattributed | AliveTotal Raised
$300MAbout Avaloq Group
Avaloq Group provides fintech services to banks and wealth managers. Its product, Avaloq Banking Suite, is an integrated IT platform that provides solutions for asset managers, private, retail, and commercial banks. The company was founded in 1985 and is based in Zürich, Switzerland. In October 2020, Avaloq Group was acquired by NEC.
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Expert Collections containing Avaloq Group
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Avaloq Group is included in 2 Expert Collections, including Wealth Tech.
Wealth Tech
2,053 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech
12,502 items
Excludes US-based companies
Latest Avaloq Group News
Sep 26, 2023
Avaloq partners with HCL to offer wealth management services Avaloq Group, a Switzerland-based developer of banking software solutions, has entered into a strategic partnership with India-based HCL Technologies for wealth management services. Avaloq Group, a Switzerland-based developer of banking software solutions, has entered into a strategic partnership with India-based HCL Technologies for wealth management services. Under the agreement, the two firms will establish an off-shore Centre of Excellence in Bangalore, India to offer flexible and scalable capabilities in implementation, systems integration, migration and testing on the Avaloq Banking Suite’s range of wealth management products. Recommended Reports Avaloq said that HCL will invest in skills development and training programs for employees of the newly created off-shore Centre of Excellence. The Centre of Excellence will be capable of providing support on the product level as well as for bank side services. Francisco Fernandez, CEO of Avaloq, said: "The alliance will improve our ability to serve international customers, boost our successful internationalization strategy and in particular strengthen our position in Asia and Europe." Rahul Singh, president of financial services and business services at HCL, added: "Our expertise in program management, solution implementation and system integration along with Avaloq’s solutions portfolio will enable us to provide integrated and comprehensive services to customers." Share this article
Avaloq Group Frequently Asked Questions (FAQ)
When was Avaloq Group founded?
Avaloq Group was founded in 1985.
Where is Avaloq Group's headquarters?
Avaloq Group's headquarters is located at Allmendstrasse 140, Zurich.
What is Avaloq Group's latest funding round?
Avaloq Group's latest funding round is Unattributed.
How much did Avaloq Group raise?
Avaloq Group raised a total of $300M.
Who are the investors of Avaloq Group?
Investors of Avaloq Group include BlackRock, NEC, Warburg Pincus and Raiffeisen Schweiz.
Who are Avaloq Group's competitors?
Competitors of Avaloq Group include Mambu and 3 more.
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Compare Avaloq Group to Competitors
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