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Avaloq

By Avaloq Group Ltd

3.7/5

(3)

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Avaloq Reviews & Product Details

Avaloq is an industry-leading provider of wealth management technology and services for financial institutions around the world, including private banks and wealth managers, investment managers, as well as retail and neobanks. We are the only independent provider of digital banking solutions to both develop and operate its own software through cloud-based software as a service (SaaS) or on-premises models.

Seller

Avaloq Group Ltd

Languages Supported

German, English, French

Product Description

Avaloq develops and provides software for core banking.

Overview by

Jonathan McCammon

Discussions

Avaloq Community

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Avaloq Reviews (3)

G2 reviews are authentic and verified.

VR

Vishwa R.

Senior Associate Platform

Enterprise (> 1000 emp.)

7/25/2023

"cut throught competitor of temenos Infinity"

3.5/5

What do you like best about Avaloq?

My firm has been using avaloq since more than 10 years now, even before i was aquired by NEC. The Avaloq provides best platform for banks and has been a major implementation solution in Europe, but lately it has not spread to Asia. Review collected by and hosted on G2.com.

What do you dislike about Avaloq?

Its hard to find avaloq developers in market as compared to Temenos, which makes the implementation very dependable on SMEs of avaloq core team. Review collected by and hosted on G2.com.

What problems is Avaloq solving and how is that benefiting you?

We used the avaloq core in Mank Mandiri and BCA project, Our client had requirement of File transfer adapter and JMS adapter, which was solved by Avaloq products. But later Bank Mandiri switched to Temenos as the SMEs of Avaloq were very limited in Asia and the support that Avaloq was providing was very limited. The Bank Mandiri team had to be avalable in Swiss time zone to get the support. Review collected by and hosted on G2.com.

II

Verified User in Investment Banking

Enterprise (> 1000 emp.)

6/27/2021

"Very powerful tool on wealth solutions"

4.5/5

What do you like best about Avaloq?

It's product features and support service. Review collected by and hosted on G2.com.

What do you dislike about Avaloq?

It's costly and implementation challenges for client as this is niche skill in Australia. Review collected by and hosted on G2.com.

AB

Verified User in Banking

Enterprise (> 1000 emp.)

10/18/2019

"Avaloq Review"

3/5

What do you like best about Avaloq?

The reports and MI facilities. Allows automated reminders and audit trail. Review collected by and hosted on G2.com.

What do you dislike about Avaloq?

The layout. Lack of logic and unfamiliar terms for fields and tabs. Review collected by and hosted on G2.com.

There are not enough reviews of Avaloq for G2 to provide buying insight. Below are some alternatives with more reviews:

Temenos Transact

Temenos Transact is the most successful and widely used digital core-banking solution in the world. Using cloud native and agnostic technology, Temenos Transact provides the most extensive and richest set of banking functionality across retail, corporate, treasury, wealth and payments with over 1000 banks in 150+ countries relying on it to provide market leading and innovative products and services to their customers.

Finacle from Infosys helps banks transform by providing solutions and services that enable a shift in their strategic and operational priorities.

Flinks provides an open banking platform that makes it easy and efficient to use financial data. Connectivity lets you connect your users’ financial accounts from institutions across the US and Canada, to access KYC/KYB information, transactional data, and assets. Enrichment lets you turn raw financial data into actionable insights for credit risk analysis, income verification, life event detection, fraud prevention, and other data-driven use cases.

FIS Core Banking offers agile solutions that integrate seamlessly with our core systems or with others via a componentized architecture. This approach enables community, mid-tier, large and global financial institutions to surround their legacy core platform with components to help them progressively transform their core banking systems. With FIS total banking solutions, institutions can create a truly differentiated customer experience.

The MX platform empowers our partners and financial institutions of all sizes with the best of omnichannel banking — including a consistent user experience and contextual offers.

Pismo is a techfin company providing a processing solution that lets client manage current and legacy products with nextgen technology while enabling innovative payment solutions in a single platform.

NCR D3 Digital Banking Platform

NCR D3 offers a function-rich, highly-tailorable and API-driven platform that can be hosted or deployed on-premise to help large banks lower cost, decrease complexity and speed innovation.

BankSmart is a highly scalable, rapidly deployable multi-module core banking solution that is build on cutting edge open technologies to enable and empower financial institutions with their core banking requirements.

BankPoint is an intuitive banking platform that enhances your core system and provides dramatic improvements in efficiency for your staff.

iCBS is Centralized Core Platform for Universal Banking Solution aimed at the retail banking, Islamic banking, internet banking, mobile banking & branchless banking.

Pricing

Pricing details for this product isn’t currently available. Visit the vendor’s website to learn more.

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