Avaloq

Avaloq

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Provides integrated and comprehensive solutions for wealth management, universal and retail bank. Learn more

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$2.2b (Public information from Dec 2020)
Company register number CHE-103.836.490
Zurich Canton of Zürich (HQ)
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N/A

Growth Equity non VC
Total Funding000k

Recent News about Avaloq

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Avaloq is a leading provider of digital banking solutions and wealth management technology. The company primarily serves financial institutions, including banks and wealth management firms, helping them enhance their operational efficiency and client engagement. Avaloq operates in the financial technology (fintech) market, which focuses on using technology to improve financial services.

The business model of Avaloq revolves around offering software solutions that streamline various banking and wealth management processes. These solutions include digital wealth management platforms, open banking systems, and tools for managing non-bankable assets (assets that are not easily converted to cash, like art or real estate). Avaloq's technology helps financial institutions reduce costs and reach a broader audience with personalized services.

Avaloq makes money by selling its software solutions to financial institutions. These institutions pay for the software licenses, implementation services, and ongoing support and maintenance. Additionally, Avaloq may offer consulting services to help clients optimize their use of the technology.

The company is known for its innovative approach, incorporating advanced technologies like blockchain, machine learning, and conversational AI. Blockchain is a secure way of recording transactions, while machine learning involves using algorithms to analyze data and make predictions. Conversational AI refers to chatbots and virtual assistants that can interact with clients, improving the customer experience.

Avaloq also fosters a unique, dynamic team culture, which contributes to its ability to innovate and stay ahead in the competitive fintech market. The company regularly hosts events like conferences and webinars to discuss industry challenges and opportunities, keeping its clients informed and engaged.

Keywords: digital banking, wealth management, fintech, blockchain, machine learning, conversational AI, open banking, non-bankable assets, client engagement, financial institutions.

Tech stack

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Investments by Avaloq

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Metaco
ACQUISITION by Ripple May 2023