InvestSuite brings automated investment storytelling to Avaloq.one ecosystem

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Avaloq has entered into a partnership with Belgium-based FinTech InvestSuite in a bid to bring automated investment storytelling to its open banking marketplace, Avaloq.one Ecosystem. The FinTech offers StoryTeller, a digital investment solution, that is expected to extend Avaloq’s offering and help financial institutions to speed up their digital wealth management transformation.

Bart Vanhaeren, CEO and co-founder of InvestSuite, said, “We are thrilled to partner with Avaloq, a global leader in digital banking solutions and wealth management technology, to offer our distinguished product suite of modular wealthtech solutions to more clients in new markets. Our cost-effective investment solutions are targeting a broader client base than typical wealth management offerings since many next-generation investors are not willing to pay high advisory and management fees.”

According to Avaloq, the partnership will enable it to extend its offering to its clientele with the InvestSuite StoryTeller. The Belgian FinTech provides automated investment solutions to help financial institutions retain their clients by addressing their digital needs and to defend their market positions against rising FinTech disruptors.

Martin Greweldinger, Avaloq Group Chief Product Officer, said, “We are excited to be able to connect Avaloq’s international banking and wealth management clients with InvestSuite’s innovative wealthtech-as-a-service solutions. As end-clients’ level of technological sophistication is rapidly evolving, the demand for digital investment products and superior user experiences is increasing as well. Amidst this trend, agile and personalized solutions such as InvestSuite’s StoryTeller are well placed to pave the way for the democratization of wealth management.”

Recently, Avaloq and Infosys announced a collaboration for facilitating end-to-end wealth management capabilities through digital platforms. The collaboration sees Infosys act as a strategic implementation partner for Avaloq’s wealth management solutions in a bid to assist clients in enhancing their legacy systems and developing modern digital advisory platforms.