Avaloq, an innovator in wealth and investment management technology services globally, and Gulf Capital investment company, often known as InvestGB, the fully owned investment arm of Gulf Bank, have formed a strategic alliance.

By providing a modern and efficient client experience, this cooperation represents a major advancement in InvestGB’s wealth and investment management capabilities.

As part of this teamwork, InvestGB will put Avaloq’s modern cloud-hosted platform into use, modernising the business’s main wealth management system.

With the use of this platform, InvestGB and Gulf Bank’s clients will be able to receive enhanced service as all of their systems and data will be combined into a single infrastructure.

The company’s expansion ability will be bolstered by InvestGB’s ability to effortlessly integrate third-party services and apps with Avaloq’s advanced adapter technology and Community APIs.

For InvestGB’s clients, Avaloq offers a host of improved features, such as easy-to-understand investment portfolio visualisation, increased fee transparency, sophisticated self-service capabilities, and the most recent authentication standards for safe access.

Because of Avaloq’s broad customisation capabilities, InvestGB will be able to offer a user interface with unique dashboards and intuitive features that are specifically catered to the needs of both corporate and private banking clients.

Moreover, by automating procedures related to investment advising, fund administration, portfolio management, and corporate actions, InvestGB will combine Avaloq’s platform to streamline services and improve STP capabilities.

The platform will be completely connected with InvestGB’s regulatory and compliance checks, which include strong Know Your Client (KYC) procedures, strengthening the business’s risk management structure.

In addition, relationship managers may concentrate on providing individualised client advice by using Avaloq’s RM Workplace solution, which automates processes including investment proposal generation, portfolio rebalancing, and onboarding.

Hani AlAwadhi, chief executive officer at InvestGB, stated: “Our partnership with Avaloq demonstrates our unwavering commitment to innovation and delivering long-term value for our clients. By leveraging Avaloq’s cutting-edge technology, we are advancing the digital transformation of our wealth management services, driving growth through innovation, and positioning ourselves to better serve the evolving needs of high-net-worth individuals and corporate clients.”

 Akash Anand, regional director and head of the Middle East and Africa at Avaloq, added: “We are honoured to welcome InvestGB as our first client in Kuwait. This partnership highlights Avaloq’s deep expertise and commitment to delivering exceptional value in the wealth management industry. We look forward to supporting InvestGB in transforming the region’s private banking and wealth management sector.”