07 February 2018

Avaloq rated as a “Leader” in NelsonHall report

Avaloq has been recognised by NelsonHall as a “Leader” in its 2018 Wealth and Asset Management NEAT (NelsonHall Evaluation Assessment Tool)*. This report evaluates providers of wealth and asset management banking services, rating their ability to deliver immediate benefits to their customers and to meet their future requirements.

NelsonHall, the leading global IT and business services analyst firm, has recognised Avaloq as a leading vendor in its Wealth and Asset Management NEAT to support customers’ operations with a range of advanced technical and delivery services. 

 

It further acknowledged Avaloq as a Leader in three sub-categories included in its Wealth and Asset Management NEAT:

  1. New Digital Banking Models: ability to support customers adapting their operational delivery to pursue digital business models 
  2. Professional Services: ability to deliver consulting, design, implementation and support services
  3. Software as a Service (SaaS), cloud and business process service (BPS) delivery

 

NelsonHall identifies vendors as Leaders that demonstrate a high ability relative to their peers to deliver immediate benefits to customers as well as meet customers’ future requirements.

 

Jürg Hunziker, Avaloq’s Group CEO, says, “We are very happy to have been named as a Leader in NelsonHall’s 2018 Wealth and Asset Management NEAT. This is a strong endorsement of our services strategy, which is enabling a growing number of financial institutions to operate at highest levels of efficiency by means of increased automation, end-to-end digitised processes and enhanced agility.” 

 

Andy Efstathiou, Research Director for Banking Sourcing Services at NelsonHall, said “Avaloq has a wealth and asset management operations services business which is focused on platform-based SaaS and BPaaS, delivering a high degree of STP and automation. Avaloq helps wealth and asset managers and private banks to modernise their platforms and business models to remain viable in the financial services industry. The NelsonHall vendor evaluation found Avaloq to be a leader in terms of their ability to deliver immediate benefit to customers and meet future customer requirements.”

 

* The NEAT (NelsonHall Vendor Evaluation & Assessment) tools for strategic sourcing managers are part of NelsonHall's "Speed-to-Source" initiative. The NEAT tool sits at the front-end of the vendor screening process and consists of a two-axis model: assessing vendors against their "ability to deliver immediate benefit" to buy-side organisations and their "ability to meet client future requirements". The latter axis is a pragmatic assessment of the vendor's ability to take clients on an innovation journey over the lifetime of their next contract.

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