Orbium, a leading IT and business consulting firm, and Avaloq, an international leader in integrated and comprehensive banking solutions, hosted on the 24th and 25th May the successful Executive Circle summit in London, bringing together more than 100 top banking and wealth management leaders from around the world.
Orbium, an Avaloq premium implementation partner, sponsored the event. Companies including Barclays, Deutsche Bank, BT Financial Group, Nord/LB, Liechtensteinische Landesbank and Raiffeisen Switzerland shared presentations under the tagline “Building bridges between technology and business”.
The audience also heard original research by WealthBriefing, in collaboration with Avaloq and Deloitte, that identified client experience/feedback as a driver of banking innovation while a core business focus fuels outsourcing. Efficiency and quality come next.
Francisco Fernandez, Avaloq’s CEO, said: “Over two days, we demonstrated how Avaloq builds bridges
between business and technology, between banks and fintechs, and between financial products and advisory. We showed how our solutions are already a success factor for banks and wealth managers today. We’re proud to be on their side in tomorrow’s sharing and social economy.”
Guest speakers included the disruptive market strategist Dietmar Dahmen and global economic expert
Professor Stéphane Garelli from IMD Lausanne. Mr Fernandez delivered the keynote speech.
Highlights included a presentation on Avaloq’s dynamic and personalised user experience that includes an innovative front office, advisory workplace, and integrated case management capabilities; and Avaloq’s virtual on-boarding process that allows bank clients to open online accounts and manage virtual identification in just eight minutes.
The summit came after Avaloq posted a record financial year for 2015, achieving CHF500m in revenue and an average growth rate of 20 per cent year-on-year for the past five years.
According to independent research from Swiss banks, Avaloq’s solutions outperform the competition. The overall cost-income ratio among banks has increased by 11 percentage points since 2011. However, for banks using a deployed Avaloq solution, their overall cost-income ratio has fallen by 1 percentage point, and those using Avaloq BPO solutions have seen this ratio fall by 6 percentage points over the same period.
The Avaloq group is an international leader in integrated and comprehensive solutions for wealth managers as well as universal and retail banks. It has a reputation for the highest standards in engineering excellence, is passionate about innovation, and invests more in R&D than any other provider for the financial industry. The company’s meticulous and uncompromising attention to detail has enabled it to achieve a unique 100 per cent success rate in its implementation of banking solutions around the world.
The entire Avaloq Banking Suite is consistently designed throughout and delivers unique business benefits to its users as well as a strong technical performance. Avaloq is the only independent provider for the financial industry to both develop and operate its own software. Business process and IT outsourcing solutions are offered from Avaloq’s BPO centres in Switzerland, Germany and Singapore. The company employs more than 1,800 highly qualified banking and IT specialists and has a global customer base of more than 140 financial institutions in more than 20 countries worldwide, including tier one banks in the most demanding financial centres. Headquartered in Switzerland, Avaloq has branches in Berlin, Frankfurt, Geneva, Hong Kong, Leipzig, London, Luxembourg, Paris, Singapore, Sydney and Zurich. It has development centres in Zurich, Edinburgh and Manila.
In the UK, Avaloq’s recently extended its Edinburgh R&D centre and in 2015 won Outstanding Wealth
Management Technology Provider at the Private Banker International Awards.