Avaloq introduces d-fine to its global partner network

By Megha Bhattacharya

Avaloq recently announced that Frankfurt-based d-fine has joined its global partner network in a bid to strengthen the leading digital banking solutions provider’s implementation capabilities. The new collaboration will see d-fine focus on business consulting in the fields of controlling and risk, banking regulation, capital markets as well as compliance. In addition, the firm is also capable to contribute cutting-edge expertise in data analytics, artificial intelligence, crypto assets and blockchain technology.

Egbert Schark, Managing Director at d-fine, said, “After providing Avaloq services for several clients in Germany and Switzerland, we are very proud to now be an official member of the Avaloq Community. In increasingly fast-changing markets, we see our partnership with Avaloq as a significant added value for our mutual customers in implementing and enhancing the Avaloq Banking Suite. We are looking forward to joint new challenges in 2021 and beyond.”

The companies have already partnered for implementation and upgrade projects in Germany as well as in Switzerland. d-fine was able to enhance project efficiency and it has also supported Avaloq to drive financial product innovation, such as for its new digital assets solution.

Thomas Beck, Group Chief Technology Officer at Avaloq, said, “I am delighted to welcome d-fine to our global partner network. The team has clearly demonstrated that it is capable to deliver solution-oriented services in challenging projects and we particularly value their impressive banking expertise. As a leading provider of innovative wealth management technology, we rely on highly specialized and committed partner companies such as d-fine to meet our clients’ expectations.”

Recently, Japan-based NEC Corporation has announced the closing of its acquisition of Swiss FinTech Avaloq. The acquisition is expected to further the companies’ long-term growth, global expansion and value creation strategy. NEC first announced the acquisition in October 2020, which was followed by regulatory approvals.

IBS Intelligence recently reported Avaloq’s announcement of Sberbank (Switzerland) going live with its Software as a Service solution. The implementation is expected to boost the financial institution’s growth project.