Infosys and Avaloq have agreed a strategic partnership to provide end-to-end wealth management capabilities through digital platforms.
As part of the partnership, Infosys will be a strategic implementation partner for Avaloq’s wealth management suite of solutions. The aim is to help clients modernise and transform their legacy systems.
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Also, Infosys will leverage its Global Delivery Model and a standardised approach to implement Avaloq’s solutions for clients. The goal is to combine Avaloq’s knowledge with Infosys’ transformation capabilities and build a one-stop shop for wealth management clients.
Infosys will work closely with Avaloq to create opportunities outside of Switzerland and to go market across multiple geographies. The initial focus is EMEA and APAC regions, as well as offering end-to-end products and services as Software-as-a-service (SaaS), private cloud or public cloud.
Furthermore, Avaloq will leverage Infosys’ delivery strengths to reduce to total cost of ownership for product implementation.
Mohit Joshi, president of Infosys, said: “We are excited to partner with Avaloq, a market leader in providing wealth management solutions. We are making significant investments in this partnership, which will materially enhance the value we offer to our financial services clients and will complement our approach to provide industry-focused wealth management solutions. I am excited about taking Avaloq’s SaaS and other cloud-based offerings to our wealth management clients to help them seamlessly scale up their operations.”
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By GlobalDataJuerg Hunziker, chief executive of Avaloq, added: “Avaloq is a global leader in digital banking solutions, core banking software and wealth management technology. We plan to extend our leadership position and provide our SaaS and BPaaS services to the global wealth management segment. Avaloq’s industry-leading wealth management products coupled with Infosys’s proven delivery strengths will provide an integrated end-to-end solution for wealth management. With its global reach, large talent pool and impeccable delivery track record, Infosys is the perfect partner to help us achieve this goal.”
