Tag "Avaloq"
BlackRock and Avaloq Form Strategic Investment Solution Partnership
Avaloq and BlackRock, through its Aladdin Wealth business, have formed a strategic partnership aimed at enhancing their investment technology solutions for wealth managers and private banks. As part of the strategic partnership, BlackRock is making a minority investment in Avaloq. This
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HCL Technologies Signs Deal to Acquire Wealth Management Specialist Confinale
HCL Technologies UK Limited, a wholly owned subsidiary of global technology company HCL Technologies (HCL), has signed a definitive agreement for the acquisition of Confinale, a Switzerland-based digital banking and wealth management consulting specialist and Avaloq Premium Implementation Partner. Through
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BBVA Switzerland Expands Its Crypto Offering With the Support of Avaloq
BBVA Switzerland’s crypto asset service, launched last June, is now also offering Ether. Through a personalized digital wallet on the BBVA app, both cryptocurrencies can now be automatically converted into any fiat currency, and vice versa. The service, rolled out
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Avaloq Ventures Rebrands as FiveT Fintech Following Spin-off From Group
Swiss core banking solution provider Avaloq announced that the investment advisor of its fintech investment fund is being spun off from the group by means of a management buyout and renamed as FiveT Fintech. This will give the management team
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Avaloq Appoints Georges Roten to Lead Swiss and Liechtenstein Operations
Swiss core banking solution provider Avaloq announced that it has appointed Georges Roten as its new regional head for Switzerland and Liechtenstein. Roten joined Avaloq in June 2021 to ensure a smooth handover from Mathias Schütz who is leaving the
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Avaloq’s CEO Steps Down Following NEC Merger
Swiss core banking solution provider Avaloq announced that Juerg Hunziker will be stepping down as CEO by the end of March following its recent acquisition by Japan’s NEC Corporation. In the meantime, the current Group Executive Board members Martin Greweldinger, Group
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Crypto Finance Launches Blockchain Trading Solution for Avaloq’s Banking Clients
Crypto Finance Group, a Swiss-based blockchain financial services provider in crypto asset management, brokerage and storage solutions, has implemented its brokerage solution for crypto assets for Avaloq’s banking clients. Crypto Finance said that financial institutions and their clients can now
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Avaloq Keeps Its Name After Completion of NEC Acquisition
Japananese NEC Corporation, has finalised its acquisition of Avaloq. The acquisition was first announced in October 2020. NEC, a multinational company that provides the integration of IT and network technologies, now holds 100% of Avaloq’s shares, including the 45% previously
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Gazprombank Switzerland Completes First Successful Bitcoin Transaction
Gazprombank Switzerland, a fully licensed Swiss financial institution, has successfully performed its first transactions in Bitcoin. After receiving approval from the Swiss Financial Market Supervisory Authority (FINMA) to provide cryptocurrency bank accounts to corporate and institutional clients, Gazprombank reportedly becomes
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Avaloq Joins Forces With Google Cloud to Expand Its Cloud Offering Services
Google Cloud and Avaloq, a Swiss-based digital banking solutions provider, announced a new strategic partnership to help financial services organisations in their digital transformation using cloud technologies. This new partnership is set to enable financial institutions to use the Avaloq
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