How they describe themselves: Avaloq is a leader in core banking software and digital technology and a provider of Software as a Service (SaaS) and Business Process as a Service (BPaaS) solutions for banks and wealth managers. Over 150 customers trust us with $4,000bn in assets managed with our software. We’ve pioneered SaaS delivery, built a great digital user experience and created a tried and tested process that gets many customers up and running in 90 days. To stimulate future innovation, we work with customers, fintechs and outside developers in a uniquely open, collaborative way.
How they describe their product/innovation: Goal-based Wealth Management is a cloud-enabled microservice that provides wealth managers with an innovative, high-end solution and puts the client at the centre of the investment advisory experience. Exploiting Avaloq’s powerful engines, the Goal-based Wealth Management service facilitates the automated setting of risk-optimised investment objectives for the client. The service takes a new approach to profiling and creates a dynamic investment policy to adjust to the client’s individual needs and objectives. It enables the advisor to answer questions like: “What are my options if the markets drop by 20%?” or “How realistic are my financial goals considering my situation in life?”
Product distribution strategy: Direct to Business (B2B)