Infosys signs on Swiss firm Avaloq to provide wealth management services

Bengaluru-based technology giant Infosys has partnered with Zurich headquartered software firm Avaloq to offer end-to-end wealth management capabilities through digital platforms.

The technology giant will use its global delivery model as a standardised approach to implement Avaloq’s solutions and enable its clients to digitise their wealth management systems, as per a statement.

Avaloq, on the other hand, will leverage Infosys’ proprietary tools and implementation accelerators to reduce delivery costs, the statement said. The company also has the opportunity to tap into markets beyond Switzerland, and aims to focus on the Europe, the Middle East and Africa (EMEA) and Asia Pacific regions, it added. 

The products, offered in a software-as-a-service (SaaS) model, will be accessible on private or the public cloud.

Read: Covid-19 is an opportunity for enterprises to re-evaluate their digital transformation journey: Pravin Rao, Nasscom

“We plan to extend our leadership position, and provide our SaaS and business-process-as-a-service (BPaaS) services to the global wealth management segment. Avaloq’s industry-leading wealth management products coupled with Infosys’ proven delivery strengths will provide an integrated end-to-end solution for wealth management,” Juerg Hunziker, CEO of Avaloq, said.

Infosys has partnered with at least two firms this month. 

The company signed a deal with California-based full-service semiconductor foundry GlobalFoundries to help the latter with its digital transformation journey.

Infosys also collaborated with autonomous financial crime management solutions provider NICE Actimize to allow the latter to leverage its delivery capabilities to distribute its security solutions.