Swiss wealth technology firm Avaloq is entering the US market with the launch of its Mosaic platform.
The platform connects investment data and portfolio processes across existing systems, allowing firms to add capabilities without replacing their technology.
Avaloq Mosaic launches with two core features, Portfolio IQ and Allocator.
Portfolio IQ consolidates holdings, transactions and portfolio data from multiple accounts and custodians, while Allocator helps firms build, personalise and manage client portfolios at scale.
The broader offering also includes Agent Connect, which gives firms’ AI tools controlled access to verified investment data.
Avaloq plans to add capabilities for tax-aware investment management, securities administration and margin and securities-backed lending.
Martin Greweldinger, Group CEO of Avaloq, said,
“For more than four decades, Avaloq has built and operated technology for wealth managers across major global markets.
With Avaloq Mosaic, we are bringing that experience to the U.S., giving firms the flexibility to modernise their technology, make better use of their investment data and introduce new capabilities without replacing the systems they already rely on.”
Avaloq’s US leadership team includes President Suzzanna Gill and Managing Director Joel Lewis.
The company is owned by Japan’s NEC Corporation and serves more than 170 financial institutions globally.
Featured image: Edited by Fintech News Switzerland, based on image by vecstock via Magnific
