Avaloq announces new partnership and status upgrade

By Megha Bhattacharya

Avaloq recently announced that Swiss-based Confinale is now a Premium Implementation Partner. The company has also introduced Infinogy as a new Special Service Partner. Banking IT specialist Confinale has been the company’s partner since 2015. The company stated that this upgrade reflects Confinale’s significant number of Avaloq experts, the team’s large geographic reach as well as the number of successfully completed projects to date.

Roland Staub, CEO of Confinale, said, “We are delighted and honoured to have been awarded the partnership status of Premium Implementation Partner as one of only four companies globally. Our fast progression within the Avaloq Community is evidence of the joint value Avaloq and Confinale bring to clients through digitization and integration solutions and above all, it is a reward for our continuous investment in building and expanding our Avaloq expertise in our specialist areas of wealth advisory, regulatory reporting, compliance, tax and the credit business.”

Germany and Luxembourg-based business consultancy firm Infinogy is the new Avaloq Special Service Partner. The company covers the Avaloq Banking Suite with a focus on tax, accounting as well as cost and fee topics. The firm offers specialized implementation services to clients in Germany and in the Benelux region.

Thorsten Blau, Partner at Infinogy, said, “After providing Avaloq services for more than eight years, we are very proud to now be an official member of the Avaloq Community. As a special service partner for taxes, accounting as well as cost and fees, this status helps us to better serve our clients and provide integrated solutions and services for the Avaloq core banking system.”

Recently, the Spanish financial institution Bankia selected Avaloq’s on-premise solution in a bid to support its growth in the wealth management business. The company has stated that it will help Bankia capitalise on its market proposition and support in the expansion of its wealth services across all client segments, including traditional private and retail banking clients.

Thomas Beck, Group Chief Technology Officer at Avaloq, said, “At Avaloq, we follow a streamlined, holistic approach when it comes to implementing projects for our clients. This includes a close collaboration with a number of select industry specialists such as Confinale and Infinogy. Having worked successfully with Confinale for five years now, I would like to congratulate the team to this partnership upgrade. It is also a great pleasure to welcome Infinogy to our global Avaloq Community. I am looking forward to continue working with all of our trusted implementation partners across the globe to deliver outstanding end-to-end future-proof digital banking solutions to our clients.”