Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

AVALOQ INTRODUCES A NEW ERA OF TRUSTWORTHY BANKING

AVALOQ INTRODUCES A NEW ERA OF TRUSTWORTHY BANKING

Avaloq partners with IBO to enable performance rankings in banking and increase trust in financial services

The future success of the financial industry, to a large degree, resides on the pillars: trust, transparency and client-enablement. Technology paves the way for an effective implementation of these ingredients of modern banking. Against this backdrop, Avaloq has gone into partnership with IBO to enable performance rankings in banking, and to increase trust in financial services.

Over the past decade, their reputation has become even more important for banks and wealth managers. “With consumers being finely attuned to issues around the financial industry, banks are looking for ways to demonstrate commitment to their clients – with the right products, by portraying professionalism, and especially through increased transparency,” says Francisco Fernandez, Avaloq’s Group CEO. “It is technology that facilitates trustworthy banking. The right technology platform ensures regulatory compliance. Standardised processes reduce the element of human error and risk of fraud and manipulation, and innovative tools allow users to assess the performance and risk of their portfolios.”

Investment performance is an area with significant relevance in this respect. The trend is towards allowing users to compare portfolio performance against similar clients with identical risk profiles to facilitate improved risk monitoring and greater insight into portfolio performance.

IBO – an award-winning solution to compare and rank investment returns

This is where Avaloq’s new partnership with IBO, the two-time winner of the WealthBriefing Swiss Awards, sets in: with the IBO Performance Watcher, banks as well as their clients can compare portfolios one-to-one, and understand how their portfolio performs in comparison to portfolios of other wealth managers. The software not only provides clients and their bank advisors with the ability to assess multiple portfolio returns, but also takes a client’s risk appetite into the equation. Risk monitoring is improved, as greater insight into portfolio performance is provided.

“Due to various negative events, trust – the ultimate glue of successful business relationships – in the financial industry began to crumble. Crucially, providing the ability to assess the performance and risk of portfolios not only benefits the bank customer, but also the bank itself,” Marc Lussy, Head of Business Development & Digital Marketing at IBO, explains. “Bank advisors and investors are constantly kept informed. Asset managers can anonymously compare portfolio performance against similar clients with identical risk profile. And, most importantly, asset managers regain trust by increasing transparency and enabling clients to rate and compare portfolio performances.”

Avaloq has fully integrated IBO‘s professional monitoring and reporting tool into the Avaloq Banking Suite. All banks using the Avaloq Banking Suite can license IBO’s Performance Watcher. IBO is also exploring further integration possibilities with Avaloq by building digital banking functionality using the Avaloq Developer Platform.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post