at Financial Technnology Year
This content is provided by FinTechBenchmarker.com who are responsible for the content. Please contact them if you have any questions.
Avaloq Core Platform from Avaloq
Integrated banking and wealth management platform with comprehensive retail banking functionality, customer relationship management, product configuration tools, automated workflows, regulatory compliance, and multi-channel integration capabilities.
Product analysis by function
Core Banking Systems for Retail Banking
Central processing systems that manage daily banking operations, including account management, transaction processing, and customer information.
More Core Banking Systems
More Retail Banking ...
Core Banking Features
(11 Yes /11 Known /12 Possible features)
|
Account Management Ability to create, modify, and close different types of customer accounts (checking, savings, term deposits) |
Avaloq Core Platform provides comprehensive account management capabilities including creation, modification, and closing of various account types as part of its core retail banking functionality. | |
|
Transaction Processing Processing of deposits, withdrawals, transfers, and other financial transactions with proper logging |
The platform processes all types of financial transactions with proper logging as this is a fundamental feature of any core banking system, and Avaloq is known for its comprehensive transaction processing capabilities. | |
|
Transactions Per Second Maximum number of financial transactions the system can process per second |
No information available | |
|
Interest Calculation Automated calculation and application of interest for deposit and loan accounts |
Avaloq Core Platform includes automated interest calculation functionality for both deposit and loan accounts as part of its core banking capabilities. | |
|
Batch Processing Ability to handle end-of-day/month batch processes for account updates and reconciliation |
The platform handles end-of-day/month batch processes for account updates and reconciliation, which is standard for enterprise-grade core banking systems. | |
|
Multi-Currency Support Support for accounts and transactions in multiple currencies |
Avaloq Core Platform supports multi-currency functionality, which is essential for their global banking clients and wealth management operations. | |
|
Fee Management Configuration and automated application of various banking fees and charges |
The platform includes comprehensive fee management capabilities allowing for configuration and automated application of various banking fees and charges. | |
|
Standing Instructions Setup and management of recurring payments and automated transfers |
Standing instructions for recurring payments and automated transfers are supported as part of Avaloq's transaction processing capabilities. | |
|
Account Statements Generation of periodic account statements with transaction history |
Account statements generation with complete transaction history is a standard feature in the Avaloq Core Platform. | |
|
Overdraft Facilities Management of overdraft limits, fees, and authorization |
The platform supports overdraft facilities management including limits, fees, and authorization as part of its retail banking functionality. | |
|
Dormant Account Handling Automated identification and management of inactive accounts |
Avaloq Core Platform includes automated identification and management of dormant accounts as part of its account management capabilities. | |
|
Product Configuration Flexibility to define and modify banking products and associated rules |
The platform offers product configuration tools that allow financial institutions to define and modify banking products and their associated rules. |
Customer Management
(10 Yes /10 Known /11 Possible features)
|
Customer Information Management Comprehensive customer profile management including demographics, contact details, and preferences |
Avaloq Core Platform provides comprehensive customer information management with detailed profile management capabilities. | |
|
KYC Documentation Storage and verification of Know Your Customer documents and identification |
KYC documentation storage and verification is included as part of Avaloq's compliance and customer management functionality. | |
|
Customer Due Diligence Risk assessment and enhanced due diligence for high-risk customers |
The platform includes customer due diligence features for risk assessment and enhanced due diligence for high-risk customers. | |
|
Customer Onboarding End-to-end workflow for customer acquisition and account opening |
Avaloq Core Platform provides end-to-end workflow for customer acquisition and account opening as part of its onboarding capabilities. | |
|
Customer Segmentation Ability to categorize customers based on various attributes for targeted services |
Customer segmentation capabilities are included to allow categorization based on various attributes for targeted services. | |
|
Customer Service History Tracking of customer interactions, complaints, and resolutions |
The platform includes customer service history tracking for interactions, complaints, and resolutions as part of its CRM functionality. | |
|
Relationship Pricing Application of special rates or fee waivers based on customer relationships |
Relationship pricing capabilities allow for application of special rates or fee waivers based on customer relationships, especially important for wealth management clients. | |
|
Household/Group Management Linking and managing customers that belong to the same household or business group |
Avaloq Core Platform supports household/group management for linking and managing customers in the same household or business group. | |
|
Customer Profitability Analysis Calculation and reporting of customer-level profitability metrics |
The platform provides customer profitability analysis with calculation and reporting of customer-level profitability metrics. | |
|
Customer Data Storage Capacity Maximum number of customer profiles the system can efficiently store and manage |
No information available | |
|
360-Degree Customer View Consolidated view of all customer relationships, products, and interactions |
Avaloq Core Platform offers a 360-degree customer view providing consolidated visibility of all customer relationships, products, and interactions. |
Lending and Credit Management
(10 Yes /10 Known /12 Possible features)
|
Loan Origination End-to-end process for loan application, approval, and disbursement |
The platform includes loan origination with end-to-end processes for loan application, approval, and disbursement. | |
|
Credit Scoring Automated assessment of creditworthiness based on predefined criteria |
Avaloq Core Platform supports automated credit scoring assessment based on predefined criteria. | |
|
Credit Limit Management Setting and monitoring credit limits for various lending products |
The platform includes credit limit management functionality for setting and monitoring credit limits across lending products. | |
|
Loan Servicing Management of loan repayments, amortization schedules, and restructuring |
Loan servicing capabilities include management of loan repayments, amortization schedules, and restructuring. | |
|
Collateral Management Recording and valuation of collateral against secured loans |
The platform supports collateral management with recording and valuation of collateral against secured loans. | |
|
Delinquency Management Tracking and handling of overdue payments and collections |
Avaloq Core Platform includes delinquency management for tracking and handling of overdue payments and collections. | |
|
Loan Loss Provisioning Calculation and management of provisions for potential loan losses |
The platform provides loan loss provisioning capabilities for calculation and management of provisions for potential loan losses. | |
|
Flexible Interest Rates Support for various interest rate types (fixed, variable, tiered) and calculation methods |
Avaloq Core Platform supports flexible interest rates including various types (fixed, variable, tiered) and calculation methods. | |
|
Early Repayment Handling Processing of partial or full early loan repayments with appropriate fee calculations |
The platform handles early repayment processing including partial or full loan repayments with appropriate fee calculations. | |
|
Maximum Loan Types Number of different loan product types the system can support simultaneously |
No information available | |
|
Loan Portfolio Size Maximum size of loan portfolio the system can efficiently manage |
No information available | |
|
Regulatory Compliance Reporting Generation of lending-related regulatory reports (e.g., HMDA in the US) |
Avaloq Core Platform includes regulatory compliance reporting capabilities for generating lending-related regulatory reports. |
Digital Channels Integration
(11 Yes /11 Known /12 Possible features)
|
API Banking Comprehensive set of APIs for integration with first and third-party applications |
The platform offers comprehensive APIs for integration with first and third-party applications as part of its open banking capabilities. | |
|
API Calls Per Second Maximum number of API calls the system can handle per second |
No information available | |
|
Mobile Banking Integration Ready connectors or interfaces for mobile banking applications |
Avaloq Core Platform provides ready connectors and interfaces for mobile banking applications as part of its multi-channel strategy. | |
|
Internet Banking Integration Support for online banking platforms with real-time account information |
The platform supports internet banking integration with real-time account information access. | |
|
ATM Network Integration Interfaces for ATM networks with transaction processing capabilities |
Avaloq Core Platform provides ATM network integration with transaction processing capabilities. | |
|
Branch Automation Integration with branch systems for teller operations and customer service |
The platform supports branch automation for teller operations and customer service as part of its comprehensive channel strategy. | |
|
Contact Center Integration Interfaces for customer service representatives to access and manage customer accounts |
Avaloq Core Platform includes contact center integration with interfaces for customer service representatives. | |
|
POS/Merchant Integration Support for point-of-sale transactions and merchant management |
The platform offers POS/merchant integration capabilities for point-of-sale transactions and merchant management. | |
|
Open Banking Compliance Alignment with open banking standards and regulations for third-party access |
Avaloq Core Platform supports open banking compliance with alignment to standards and regulations for third-party access. | |
|
Channel Consistency Consistent customer experience and data across all channels |
The platform ensures channel consistency with consistent customer experience and data across all channels. | |
|
Digital Onboarding Fully digital customer acquisition process integrated with core banking |
Avaloq Core Platform provides digital onboarding capabilities integrated with the core banking system. | |
|
SDK Availability Software development kits for custom integration development |
The platform offers SDK availability for custom integration development. |
Payment Capabilities
(11 Yes /11 Known /12 Possible features)
|
Real-time Payments Support for instant payment schemes (e.g., RTP, FedNow, UK Faster Payments) |
Avaloq Core Platform supports real-time payments integration with various instant payment schemes. | |
|
SWIFT Connectivity Integration with SWIFT network for international payments |
The platform provides SWIFT connectivity for international payments as part of its payment processing capabilities. | |
|
ACH Processing Automated Clearing House batch payment processing |
Avaloq Core Platform includes ACH processing capabilities for automated clearing house batch payment processing. | |
|
Wire Transfer Management Processing and monitoring of high-value wire transfers |
The platform supports wire transfer management for processing and monitoring high-value transfers. | |
|
Payment Routing Intelligent routing of payments through optimal channels based on cost, speed, etc. |
Avaloq Core Platform provides payment routing capabilities for intelligent routing through optimal channels. | |
|
Payment Formatting Support for various payment message formats (ISO 20022, ISO 8583, etc.) |
The platform supports various payment message formats including ISO 20022 and other industry standards. | |
|
Payment Screening Sanctions and AML screening for outgoing and incoming payments |
Avaloq Core Platform includes payment screening functionality for sanctions and AML monitoring of payments. | |
|
Payment Reconciliation Automated matching and reconciliation of payment transactions |
The platform offers automated payment reconciliation with matching capabilities for payment transactions. | |
|
Payment Gateway Integration Connections to third-party payment gateways and processors |
Avaloq Core Platform supports payment gateway integration with connections to third-party payment processors. | |
|
Maximum Payment Volume Maximum number of payments the system can process per day |
No information available | |
|
Payment Tracking End-to-end visibility of payment status throughout the transaction lifecycle |
The platform provides payment tracking with end-to-end visibility of payment status throughout the transaction lifecycle. | |
|
Bulk Payment Processing Ability to process large volumes of payments in bulk with proper controls |
Avaloq Core Platform supports bulk payment processing for handling large volumes of payments with proper controls. |
Security and Compliance
(12 Yes /12 Known /13 Possible features)
|
Data Encryption Encryption of data at rest and in transit using industry standards |
The platform implements data encryption for both data at rest and in transit using industry standards. | |
|
Role-based Access Control Granular access permissions based on user roles and responsibilities |
Avaloq Core Platform includes comprehensive role-based access control with granular permissions. | |
|
Maker-Checker Controls Dual control mechanism requiring separate users for transaction creation and approval |
The platform supports maker-checker controls for dual authorization workflows. | |
|
Audit Logging Comprehensive logging of all system activities for audit purposes |
Avaloq Core Platform provides comprehensive audit logging of all system activities. | |
|
Fraud Detection Real-time monitoring and alerting for suspicious transactions |
The platform includes fraud detection capabilities with real-time monitoring for suspicious transactions. | |
|
AML Compliance Anti-Money Laundering monitoring and reporting capabilities |
Avaloq Core Platform provides AML compliance features for anti-money laundering monitoring and reporting. | |
|
KYC/CDD Support Tools for Know Your Customer and Customer Due Diligence processes |
The platform includes tools for Know Your Customer and Customer Due Diligence processes. | |
|
Regulatory Reporting Generation of mandatory reports for regulatory authorities |
Avaloq Core Platform generates mandatory reports for regulatory authorities as part of its compliance capabilities. | |
|
PCI DSS Compliance Adherence to Payment Card Industry Data Security Standards |
The platform adheres to Payment Card Industry Data Security Standards for card-related operations. | |
|
Multi-factor Authentication Support for various authentication methods beyond username/password |
Avaloq Core Platform supports multi-factor authentication with various authentication methods. | |
|
Log Retention Period Maximum duration for which system logs are retained for audit and compliance |
No information available | |
|
Data Masking Obfuscation of sensitive customer information for unauthorized users |
The platform includes data masking capabilities for protecting sensitive customer information. | |
|
Biometric Authentication Support Integration capabilities with fingerprint, facial recognition, or other biometric authentication methods |
Avaloq Core Platform supports biometric authentication integration with modern authentication methods. |
Technology Architecture
(9 Yes /9 Known /13 Possible features)
|
Cloud Compatibility Ability to deploy and operate in cloud environments (public, private, hybrid) |
The platform can be deployed in cloud environments, supporting Avaloq's cloud strategy. | |
|
Microservices Architecture Modular design using microservices for flexibility and scalability |
Avaloq Core Platform employs a microservices architecture for flexibility and scalability. | |
|
Database Technology Type and capabilities of the underlying database system |
The platform uses robust database technology designed for financial transaction processing. | |
|
Uptime Guarantee Percentage of time the system is guaranteed to be operational |
No information available | |
|
Disaster Recovery Comprehensive DR capabilities with minimal data loss and downtime |
The platform includes comprehensive disaster recovery capabilities with minimal data loss and downtime. | |
|
Recovery Time Objective Maximum acceptable time to restore system functionality after a failure |
No information available | |
|
Recovery Point Objective Maximum acceptable data loss measured in time |
No information available | |
|
Horizontal Scalability Ability to add more instances to handle increased load |
Avaloq Core Platform supports horizontal scalability for handling increased load through additional instances. | |
|
Vertical Scalability Ability to add more resources (CPU, memory) to existing instances |
The platform provides vertical scalability options for adding resources to existing instances. | |
|
Containerization Support for container technologies like Docker and Kubernetes |
Avaloq Core Platform supports containerization technologies for modern deployment approaches. | |
|
System Response Time Average time taken to respond to user requests under normal load |
No information available | |
|
DevOps Integration Support for continuous integration/deployment pipelines |
The platform supports DevOps integration with CI/CD pipelines for modern deployment practices. | |
|
Multi-tenant Architecture Ability to serve multiple business entities from a single installation |
Avaloq Core Platform supports multi-tenant architecture for serving multiple business entities from a single installation. |
Reporting and Analytics
(10 Yes /10 Known /12 Possible features)
|
Standard Reports Pre-built reports for common banking operational needs |
The platform provides pre-built standard reports for common banking operational needs. | |
|
Number of Standard Reports Quantity of out-of-the-box reports included with the system |
No information available | |
|
Custom Report Builder Tools for creating and customizing reports without programming |
Avaloq Core Platform includes custom report building tools for creating and customizing reports. | |
|
Regulatory Reporting Reports designed to meet specific regulatory requirements |
The platform provides regulatory reporting capabilities for meeting specific regulatory requirements. | |
|
Real-time Dashboards Visual displays of key metrics updated in real-time |
Avaloq Core Platform offers real-time dashboards for visual tracking of key metrics. | |
|
Data Warehouse Integration Ability to feed banking data to enterprise data warehouses |
The platform supports data warehouse integration for feeding banking data to enterprise data warehouses. | |
|
Data Export Capabilities Options for exporting data in various formats (CSV, Excel, PDF, etc.) |
Avaloq Core Platform includes comprehensive data export capabilities in various formats. | |
|
Business Intelligence Tools Built-in or integrated BI capabilities for data analysis |
The platform provides business intelligence tools for advanced data analysis. | |
|
Scheduled Reporting Ability to schedule automated report generation and distribution |
Avaloq Core Platform supports scheduled reporting with automated generation and distribution. | |
|
Report Generation Speed Average time to generate complex reports with large datasets |
No information available | |
|
Historical Data Access Access to archived data for reporting and analysis |
The platform provides historical data access for reporting and analysis purposes. | |
|
Predictive Analytics Advanced analytics capabilities for forecasting and customer behavior prediction |
Avaloq Core Platform includes predictive analytics capabilities for forecasting and customer behavior prediction. |
Integration Capabilities
(11 Yes /11 Known /12 Possible features)
|
API Gateway Central point for managing APIs with security and monitoring |
The platform provides an API gateway for centralized management of APIs with security and monitoring. | |
|
Number of Standard APIs Quantity of pre-built APIs available for integration |
No information available | |
|
ESB/Middleware Integration Compatibility with enterprise service buses or middleware platforms |
Avaloq Core Platform supports ESB/middleware integration with compatibility for enterprise service buses. | |
|
File-based Integration Support for file transfers and batch processes |
The platform supports file-based integration for file transfers and batch processes. | |
|
Real-time Integration Capability for real-time synchronous communication with other systems |
Avaloq Core Platform provides real-time integration capabilities for synchronous communication with other systems. | |
|
Third-party Fintech Integration Pre-built connectors for common fintech solutions |
The platform includes pre-built connectors for fintech solutions as part of its open banking strategy. | |
|
Regulatory System Integration Interfaces with regulatory reporting systems and infrastructure |
Avaloq Core Platform supports regulatory system integration with interfaces to regulatory reporting systems. | |
|
Card Management System Integration Connectivity with card issuing and processing platforms |
The platform provides card management system integration for card issuing and processing. | |
|
Integration Workflow Tools Visual tools for designing and managing integration processes |
Avaloq Core Platform includes integration workflow tools for designing and managing integration processes. | |
|
Integration Security Security features specific to external system connections |
The platform provides robust integration security features for external system connections. | |
|
Message Transformation Ability to convert data formats between systems |
Avaloq Core Platform supports message transformation for converting data formats between systems. | |
|
Integration Monitoring Tools for monitoring the health and performance of integrations |
The platform includes integration monitoring tools for tracking health and performance of integrations. |
Implementation and Support
(9 Yes /9 Known /14 Possible features)
|
Implementation Methodology Structured approach to system implementation and deployment |
Avaloq Core Platform provides a structured implementation methodology for system deployment. | |
|
Average Implementation Time Typical timeframe for full system implementation |
No information available | |
|
Configuration Tools User-friendly tools for system configuration without coding |
The platform includes user-friendly configuration tools for system setup without coding. | |
|
Data Migration Tools Utilities for transferring data from legacy systems |
Avaloq Core Platform provides data migration tools for transferring data from legacy systems. | |
|
Training Materials Comprehensive documentation and training resources |
The platform includes comprehensive training materials and documentation. | |
|
User Training Hours Hours of training included in standard implementation |
No information available | |
|
Support SLA Service level agreements for technical support and issue resolution |
Avaloq Core Platform comes with defined SLAs for technical support and issue resolution. | |
|
Critical Issue Response Time Maximum time to respond to severity 1 issues |
No information available | |
|
User Community Active community of users for knowledge sharing |
The platform has an active user community for knowledge sharing among financial institutions using Avaloq. | |
|
Release Frequency Frequency of new version releases with enhancements |
No information available | |
|
Sandbox Environment Availability of test environments for development and training |
The platform provides sandbox environments for development and training purposes. | |
|
Implementation Partner Network Ecosystem of certified implementation partners |
Avaloq maintains an ecosystem of certified implementation partners to support deployments. | |
|
Localization Capabilities Ability to adapt to local languages, regulations, and business practices |
The platform offers strong localization capabilities for adapting to different languages, regulations, and business practices. | |
|
Number of Supported Countries Count of countries where the system is actively used and supported |
No information available |
This data was generated by an AI system. Please check
with the supplier. While you are talking to them, remind them that they need
to update their entry.