Avaloq
Zurich-based banking and wealth platform on one cloud-based core, used by private banks, wealth managers and banks
Quick Overview
| Company | Avaloq Group Ltd. |
|---|---|
| Category | Core Banking Software |
| Headquarters | Zurich, Switzerland |
| Founded | Not stated |
| EU Presence | Yes - Switzerland (CH) |
| Data Location | Not stated on the website |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | Not stated |
| Main Features | Digital channels, client management, investment management, trading, lending and credit, payments, treasury, risk and compliance, data analytics, AI agents, banking operations as a service, academy |
| Pricing | Pricing on request |
| Best For | Wealth managers and private banks that want one platform for front to back |
| Replaces | Fiserv, FIS, Jack Henry |
Detailed Review
Avaloq runs a bank's entire banking and wealth business on one integrated cloud-based platform, according to its site. Its range includes digital channels, investment management, trading, lending, payments, treasury and risk.
The terms identify Avaloq Group Ltd., and the company information page gives Allmendstrasse 140, 8041 Zurich, Switzerland as registered address. Terms are governed by Swiss law with Zurich courts.
Wealth-First Scope
The platform is built around wealth management and private banking, with retail and corporate banks as a further segment. It lists AI agents for automation and decision support, and a partnership with Aladdin by BlackRock.
Services Around the Software
Besides software, Avaloq offers Banking Operations as business process as a service, managed services and an Academy. A bank can therefore hand over operations, not just licences.
Scale Figures
The site states 170+ clients in 35 countries, USD 5.1 trillion in assets managed on the software, and R&D above 20 percent of annual software revenue. All are vendor claims.
Limitations to Consider
Pricing is not published, and the pages do not state the owner, founding year or hosting regions. The weight of the product is wealth management, so a retail-only lender gets less from it than from Mambu or Crosskey. The website blocks automated reading, so detail beyond the home and legal pages could not be checked.
Who Should Use Avaloq
Private banks, wealth managers and banks in Switzerland and Europe that want a single Swiss platform with operations services.
Pros and Cons
Pros
- Wealth and private banking depth
- Operations as a service available
- Swiss law and Zurich courts in the terms
- Partnership with Aladdin by BlackRock
- AI agents listed for automation
Cons
- No public pricing
- Ownership not stated
- Wealth-centric
- Little technical documentation on the site
Alternatives to Avaloq
Other European core banking software worth comparing before you decide:
Thought Machine
United Kingdom · Cloud-native core ledger and payments with a configuration layer
Mambu
Netherlands · Composable SaaS core for lending, deposits and payments
Skaleet
France · Modular SaaS core banking on EU-based private cloud
10x Banking
United Kingdom · SaaS core for banks, mutuals and lenders with AI migration tools
See all European core banking software or compare them directly against Fiserv on our alternatives page.
Frequently Asked Questions
The company information page gives Allmendstrasse 140, 8041 Zurich, Switzerland.
Yes. It lists banking operations as a service, managed services and training.
No. It lists wealth managers, private banks and retail and corporate banks.