Avaloq, the Zurich-based wealth management technology and services provider, highlighted India’s growing strategic importance to its global expansion at the Avaloq India Community Connect 2026 conference in Pune.
The event brought together decision-makers from financial institutions, technology firms and advisory companies, including partners Accenture, HCLTech, Oracle, Synpulse, TecFinics, Vine InfoTech and Yashicaa Technology.
Discussions focused on India’s evolving wealth management landscape, driven by economic growth, rising affluence and increasing digital adoption.
India is increasingly seen as a significant next-generation market for wealth management.
Growing competition and expanding affluent segments are driving demand for more sophisticated financial products and advisory services.
According to the World Bank, India remains the world’s largest recipient of remittances. More than 35.4 million Indians live overseas, generating substantial cross-border wealth flows.
Many of these investors are seeking compliant, digitally enabled financial services in India. This creates an opportunity for domestic banks and wealth managers to capture assets previously managed offshore.
The country’s mass-affluent segment is also expanding rapidly. This group is typically defined as individuals with investable assets between ₹50 lakh and ₹5 crore.
Higher incomes and improved financial literacy are contributing to this growth. At the same time, many investors are moving away from traditional savings products towards more diversified investments.
These trends are increasing demand for personalised advisory services and advanced portfolio management tools.
Cloud adoption across India’s financial sector is accelerating as institutions seek scalability, efficiency and improved system agility.
Financial institutions are also exploring the use of artificial intelligence to improve operational processes.
One example discussed at the event was the automation of corporate actions processing, developed jointly with NEC Corporation, which aims to reduce manual workloads and operational risks.
Akash Anand, Regional Head for Middle East, Africa and Subcontinent India at Avaloq, said:
“India’s financial landscape is changing at extraordinary speed, with the rise of affluent investors driving demand for more advanced wealth services and personalised advice. These clients expect sophisticated advisory and discretionary models, tailored portfolios and seamless digital journeys, which require specialised wealth platforms rather than relying on legacy retail systems.”
Many of these investors are seeking compliant, digitally enabled financial services in India, creating opportunities for domestic banks and wealth managers to capture assets previously managed offshore.
The trend also reflects broader industry activity, as institutions such as UBS have recently outsourced certain roles to India to expand operational capacity and strengthen technology capabilities.
Featured image credit: Avaloq
