Avaloq | Jotup

Changes in the Management Board and the Board of Directors of Cembra

Retrieved on:

Wednesday, April 10, 2024

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Zurich, 15 March 2024 – Sandra Babylon and Christian Stolz enhance the Management Board of Cembra.

Key Points:

Zurich, 15 March 2024 – Sandra Babylon and Christian Stolz enhance the Management Board of Cembra.
Sandra Hauser will be proposed for election to the Board of Directors at the Annual General Meeting.
He has been part of the Bank's management team since the takeover by Cembra in autumn 2022.
Alongside him, Sandra Babylon will join the Management Board of Cembra from 1 June 2024.

Security Bank drives digital transformation of wealth management business with Avaloq

Retrieved on:

Wednesday, February 28, 2024

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Since launching its Wealth Management business in 2017, the bank has grown its wealth management assets under management by a CAGR of 44% and has expanded its client base by a CAGR of 40%.

Key Points:

Since launching its Wealth Management business in 2017, the bank has grown its wealth management assets under management by a CAGR of 44% and has expanded its client base by a CAGR of 40%.
Arnold Bengco, Financial Markets Head at Security Bank, said: "The bank's strategic partnership with Avaloq will strengthen our wealth management capabilities even further.
With Avaloq's specialized wealth management platform and RM Workplace solution, we can further expand our wealth management business to help individuals and businesses in the region grow and preserve their wealth.
We are proud to work closely with Security Bank to support the growth of the Philippines' wealth management sector."

Smart Communications Named to the Elite 2023 IDC FinTech Rankings Enterprise Top 100

Retrieved on:

Thursday, September 28, 2023

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LONDON and NEW YORK, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Smart Communications™ , a leading technology company focused on helping businesses engage in more meaningful customer conversations, today announced it was categorized as a 2023 IDC FinTech Rankings Top 100 solution provider.

Key Points:

LONDON and NEW YORK, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Smart Communications™ , a leading technology company focused on helping businesses engage in more meaningful customer conversations, today announced it was categorized as a 2023 IDC FinTech Rankings Top 100 solution provider.
The Fortune 500-style ranking categorizes and lists the top global technology providers based on calendar year revenue from financial institutions for hardware, software and/or services.
Our inclusion on the 2023 IDC FinTech Rankings reinforces our continued commitment to this sector and to the client experience,” said Leigh Segall, President of Smart Communications.
“Smart Communications has the scale to provide financial institutions with the digital solutions necessary to remain competitive in a rapidly changing and competitive marketplace, as exemplified by their placement on the IDC FinTech Rankings list in 2023,” said Marc DeCastro, research director at IDC Financial Insights.

BlackRock and Avaloq Unveil Strategic Partnership to Provide Integrated Technology Solutions, Meeting Evolving Needs of Wealth Managers

Retrieved on:

Wednesday, June 14, 2023

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ZURICH, SWITZERLAND, June 14, 2023 - (JCN Newswire) - Avaloq, a subsidiary of NEC Corporation, and BlackRock, through its Aladdin Wealth business, have formed a strategic partnership aimed at enhancing their investment technology solutions for wealth managers and private banks.

Key Points:

ZURICH, SWITZERLAND, June 14, 2023 - (JCN Newswire) - Avaloq, a subsidiary of NEC Corporation, and BlackRock, through its Aladdin Wealth business, have formed a strategic partnership aimed at enhancing their investment technology solutions for wealth managers and private banks.
As part of the strategic partnership, BlackRock is making a minority investment in Avaloq.
"Avaloq is excited to enter into this strategic partnership with BlackRock.
Through our relationship with BlackRock and the integration of their Aladdin Wealth capabilities, Avaloq is further solidifying our commitment to providing innovative investment technology solutions for the wealth management industry," said Martin Greweldinger, Co-CEO of Avaloq.

Airlock wins Avaloq Software Partner of the Year Award 2023

Retrieved on:

Monday, July 10, 2023

Airlock, a leading security innovation from Ergon Informatik AG, has been awarded the prestigious Avaloq Software Partner of the Year Award 2023.

Key Points:

Airlock, a leading security innovation from Ergon Informatik AG, has been awarded the prestigious Avaloq Software Partner of the Year Award 2023.
The award recognises the long-standing and successful collaboration between Airlock and Avaloq, a leading global provider of wealth management technologies and services for financial institutions.
In the picture: Andrea Dorta, Senior Partner Manager at Avaloq and Cyrill Bättig with Robin Lehner at Ergon Informatik AG (Source: Avaloq 2023)
Since 2017, Airlock and Avaloq have been working closely together to provide innovative security solutions for the banking sector.
Airlock truly deserves this award," emphasises Andrea Dorta, Senior Partner Manager at Avaloq. "

Digital Platforms Fortify Banks Against Rising Competition

Retrieved on:

Thursday, July 6, 2023

The 2023 ISG Provider Lens™ Digital Banking Technology and Platforms global report finds that traditional banks’ monolithic IT environments do not allow rapid innovation and are increasingly expensive to operate.

Key Points:

The 2023 ISG Provider Lens™ Digital Banking Technology and Platforms global report finds that traditional banks’ monolithic IT environments do not allow rapid innovation and are increasingly expensive to operate.
“With modern platforms, they can rapidly introduce convenient, digital products and easily add features to meet changing demands.”
Most banks that are modernizing are either carrying out progressive digital transformations one module at a time, implementing new platforms out of the box or launching new, greenfield operations separate from their traditional offerings, the report says.
Modern digital platforms help banks comply with these regulations and use the newly available data to offer customers more personalized products and services.
The 2023 ISG Provider Lens™ global Digital Banking Technology and Platforms report evaluates the capabilities of 38 providers across three quadrants: Core Banking Platforms, Digital Banking Engagement Platforms and Payment Processing Platforms.

Fireblocks Expands Support for Banking & Financial Institutions with New HSM, Public & Private Cloud Capabilities

Retrieved on:

Tuesday, June 27, 2023

NEW YORK, June 27, 2023 /PRNewswire/ -- Today, Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, expands its highly secure MPC-CMP wallet and key management technology to include support for HSMs and public and private cloud, including Thales, Securosys, AWS, GCP, and Alibaba Cloud. These flexible deployment models allow banks and financial institutions to leverage Fireblocks' industry-leading security and technology stack to quickly bring their digital asset initiatives into production while meeting their risk, compliance, and regulatory requirements.

Key Points:

These institutions have leveraged Fireblocks to build new digital asset custody, trading, clearing and settlement services, tokenization of financial products such as tokenized fiat, central bank digital currencies (CBDC), carbon credits, and more.
Banks and financial institutions find success in bringing their digital asset products to production by leveraging key components of the Fireblocks platform.
Foundational to the ecosystem is the Fireblocks Network, which connects the largest consortium of regulated financial institutions that have implemented digital assets on the blockchain.
To learn more about Fireblocks' new offerings to support banks and financial institutions, visit www.fireblocks.com/customers/banks-and-fmis

Fireblocks Expands Support for Banking & Financial Institutions with New HSM, Public & Private Cloud Capabilities

Retrieved on:

Tuesday, June 27, 2023

NEW YORK, June 27, 2023 /PRNewswire/ -- Today, Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, expands its highly secure MPC-CMP wallet and key management technology to include support for HSMs and public and private cloud, including Thales, Securosys, AWS, GCP, and Alibaba Cloud. These flexible deployment models allow banks and financial institutions to leverage Fireblocks' industry-leading security and technology stack to quickly bring their digital asset initiatives into production while meeting their risk, compliance, and regulatory requirements.

Key Points:

These institutions have leveraged Fireblocks to build new digital asset custody, trading, clearing and settlement services, tokenization of financial products such as tokenized fiat, central bank digital currencies (CBDC), carbon credits, and more.
Banks and financial institutions find success in bringing their digital asset products to production by leveraging key components of the Fireblocks platform.
Foundational to the ecosystem is the Fireblocks Network, which connects the largest consortium of regulated financial institutions that have implemented digital assets on the blockchain.
To learn more about Fireblocks' new offerings to support banks and financial institutions, visit www.fireblocks.com/customers/banks-and-fmis

Avaloq, an NEC Company: Results Show Investors Are Ready for AI in Wealth Management

Retrieved on:

Monday, March 20, 2023

According to the survey results, AI is making significant headway in the banking industry and is currently considered a major disruptor in this field.

Key Points:

According to the survey results, AI is making significant headway in the banking industry and is currently considered a major disruptor in this field.
In the following Q&A, he shares his thoughts on the present and future of AI in wealth management.
Two key areas have been identified where AI is already established in the wealth management sector.
Increased client acceptance of AI is expected over time, especially as individuals become more familiar with AI-augmented tools such as ChatGPT.

Julius Baer Group Ltd. nominates Juerg Hunziker for election to the Board of Directors

Retrieved on:

Thursday, February 2, 2023

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Zurich, 2 February 2023 – The Board of Directors of Julius Baer Group Ltd. will propose Juerg Hunziker for election as new member of the Board of Directors at the Annual General Meeting (AGM) to be held on 13 April 2023.

Key Points:

Zurich, 2 February 2023 – The Board of Directors of Julius Baer Group Ltd. will propose Juerg Hunziker for election as new member of the Board of Directors at the Annual General Meeting (AGM) to be held on 13 April 2023.
All other current members of the Board of Directors, which will newly consist of nine members, will stand for re-election at the upcoming AGM.
Romeo Lacher, Chairman of the Board of Directors of Julius Baer, said: “I would like to thank Heinrich and Ivo on behalf of the entire Board for their most valuable contributions and collaboration.
Romeo Lacher said: “I am delighted that Juerg, a highly respected professional in the industry, has been nominated to our Board of Directors.