View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
April 1, 2014updated 04 Apr 2017 2:23pm

Avaloq partners with HCL to offer wealth management services

Avaloq Group, a Switzerland-based developer of banking software solutions, has entered into a strategic partnership with India-based HCL Technologies for wealth management services.

By Verdict Staff

Avaloq Group, a Switzerland-based developer of banking software solutions, has entered into a strategic partnership with India-based HCL Technologies for wealth management services.

Under the agreement, the two firms will establish an off-shore Centre of Excellence in Bangalore, India to offer flexible and scalable capabilities in implementation, systems integration, migration and testing on the Avaloq Banking Suite’s range of wealth management products.

Avaloq said that HCL will invest in skills development and training programs for employees of the newly created off-shore Centre of Excellence.

The Centre of Excellence will be capable of providing support on the product level as well as for bank side services.

Francisco Fernandez, CEO of Avaloq, said: "The alliance will improve our ability to serve international customers, boost our successful internationalization strategy and in particular strengthen our position in Asia and Europe."

Rahul Singh, president of financial services and business services at HCL, added: "Our expertise in program management, solution implementation and system integration along with Avaloq’s solutions portfolio will enable us to provide integrated and comprehensive services to customers."

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International