Tag "Avaloq"

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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NEC Acquires Avaloq for CHF 2.05 Billion

Avaloq, a Swiss company that develops and provides software for core banking, announced its acquisition by Japanese NEC Corporation. The acquisition is expected to be worth CHF 2.05 billion (approximately US$2.2 billion), and to be completed by April 2021, following

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Wealth Managers Need to ‘Democratise’ Their Services If They Want to Survive

Wealth managers and private banks need to ‘democratise’ their service and product offerings to a wider audience to compete and grow in the new hyper-digital world according to a report by Avaloq. If firms do not democratise their proposition, they

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Avaloq Partners With Investsuite to Bring Automated Investment Storytelling to Its Open Banking Marketplace

The new fintech in the Avaloq.one Ecosystem offers a unique digital investment solution, StoryTeller, to extend the Avaloq offering and help financial institutions accelerate their digital wealth management transformation. InvestSuite is a Belgium-based fintech with offices in Warsaw, London, Madrid,

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Erstes Investment von Avaloq Ventures geht an eine Multi-Custody-Lösungs Platform

Assetmax und Avaloq haben eine strategische Partnerschaft geschlossen. Ziel ist es, innovative digitale Lösungen für Banken zu entwickeln, indem die Synergien zwischen der branchenweit führenden Multi-Custody-Plattform von Assetmax und dem Open-Banking-Ökosystem von Avaloq optimiert werden. Im Rahmen der Transaktion erwirbt

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Personetics Partners With The Avaloq.One Ecosystem

Avaloq and Personetics are entering into a strategic partnership to connect Avaloq’s global banking clients with Personetic’s AI-powered personalized engagement solutions. Personetics, a global provider of data-driven and personalized engagement solutions for bank customers, is joining the Avaloq.one Ecosystem, Avaloq’s

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