CMB Monaco adopts Avaloq–Aladdin Wealth for digital transformation

By Vriti Gothi

Monaco-based private bank CMB Monaco has completed the migration of its operations to an integrated wealth technology platform combining Avaloq and BlackRock’s Aladdin Wealth, marking a significant step in its digital transformation strategy.

The deployment makes CMB Monaco the first institution to go live on the joint Avaloq–Aladdin Wealth platform, which unifies front-, middle- and back-office functions. The move is aimed at improving operational efficiency, enhancing client servicing and supporting the bank’s international expansion in private banking.

The integrated platform provides relationship and investment managers with consolidated portfolio management tools, including scenario analysis, tailored investment proposals and institutional-grade risk analytics. The system is designed to enable more personalised client engagement at scale while improving internal productivity through streamlined workflows across core banking and digital channels.

The shift reflects a broader trend among private banks towards end-to-end platform consolidation, as firms seek to manage increasingly complex, multi-asset portfolios while meeting rising client expectations for digital-first, customised advisory services. By combining Avaloq’s core banking infrastructure with Aladdin Wealth’s analytics capabilities, the platform addresses growing demand for unified data environments and integrated investment tooling.

CMB Monaco is also leveraging the platform’s open architecture to integrate third-party services and accelerate the rollout of new offerings. Delivered as a cloud-based software-as-a-service model, the system supports regulatory compliance while reducing the operational burden associated with legacy infrastructure.

A notable component of the implementation is the adoption of Aladdin Wealth’s generative AI feature, “Auto Commentary”, which converts portfolio analytics and client preferences into concise, client-ready insights. The functionality is intended to help advisers deliver more relevant investment narratives and improve client communication efficiency.

The migration includes enhancements to cybersecurity and back-office operations, with AI-driven automation applied to processes such as corporate actions. On the client side, new web and mobile banking interfaces offer personalised dashboards, advanced portfolio visualisation and upgraded authentication protocols.

The development underscores the growing role of platform-based ecosystems in wealth management, as firms prioritise scalability, advanced analytics and digital engagement to remain competitive in a rapidly evolving market.