Press Releases

The new lifecycle management center will harness HCL’s digital transformation execution framework (FENIX 2.0) and next-generation AI and automation (DRYiCE) products to drive efficiency. HCL is upskilling its wealth management teams globally by enrolling them in specialised training from the Avaloq Academy and building program-specific competencies. Alongside HCL’s wealth and asset management solutions, this expanded partnership will enable more financial institutions to leverage Avaloq’s innovative technology and services on their digitalisation journey.

“As Avaloq continues its international expansion, we are aiming to provide more flexibility to our implementation capabilities, supporting our long-term growth,” says, Martin Greweldinger, co-chief executive officer, Avaloq. “Therefore, we are delighted to expand our existing partnership with HCL to leverage its strong global presence and its domain knowledge in financial services to provide banks and wealth managers with access to our products and services in many different regions across the world.”

“We are observing a huge increase in demand for digital wealth and asset management capabilities globally,” says, Rahul Singh, president of financial services and digital process operations, HCL Technologies. “This trend is being driven by the continued emergence of new asset classes such as cryptocurrency, which is only set to continue in the future. HCL’s customer experience-focused approach enables us to work with clients across the world to drive innovation and ensure they remain at the forefront of these changes. We are delighted to expand our partnership with Avaloq as it is a leading provider of wealth management technology and services.”