Avaloq core banking is a system designed for the new era of open banking and fintech integration. By consolidating the wealth management business, retail banking and other offerings within a single secure place, it enables to boost efficiency and free up staff in order to focus on clients and value-added tasks.
More than 150+ financial organizations worldwide managing a total of CHF 4.5tn in global assets rely on it for their day-to-day operations.
Avaloq Core Banking is a flexible, modular platform that combines multiple, expandable capabilities in one integrated package with more than 70 core banking software modules.
They range from digital relationship-management solutions to economical middle- and back-office additions that keep banks' business regulatory compliant.
Designed for banking staff, our Core banking software is appreciated for its ease of use. With web and mobile banking features added to it, this creates state of the art UX for the customers of our clients.
Drive Avaloq design:
Financial institutions and wealth managers worldwide, including their staff and clients, assist us in shaping our human-centric approach.
Full middle-office control:
Putting accurate, up-to-date information in the hands of legal, risk and compliance professionals is key to managing the ever-changing regulatory environment. It supports experts that assess risk, monitor transactions and analyse patterns to steer clear of unwanted complications.
Highly efficient back-office operations:
A global data model across all functions, in Core and complementary platforms, enables all components to share the same unique data source. Back office is assured of full data integrity. Processing is also optimized and risk reduced thanks to a single data governance model that eliminates inconsistencies.
Avaloq core banking strengths can be summarised as follows:
Versatile: A single platform addresses the needs of multiple types of finanical instututions, including wealth management, corporate, retail, and universal
Automated: Key operations like accounts & payments, securities trading, lending and credit facilities, etc., are handled efficiently; manual processing and other labour-intensive tasks are eliminated in almost all back-office operations
Integrated: Orders processing, everything from credit card payments to commodities purchases follow well-defined and customizable workflows
Centralized: Multi-entity single-instance (MESI) model allows financial institutions to support multiple business units and locations using one software implementation, with the possibility to perform operations such as trading and counterpart management centrally from one service centre.
Transparent: Real-time accounting and high-quality client reporting give authorized users full visibility
Reliable: A unified data model guarantees data integrity and consistency, with high automation and STP rates
Secure: Configurable models and hardware-enforced security policies ensure cyber resilience: Configurable models and hardware-enforced security policies ensure cyber resilience