Infosys, Avaloq Form Strategic Partnership

Tom Burroughes

26 May 2020

India-based conglomerate Infosys has entered a strategic partnership with Switzerland-based wealth management software and tech house Avaloq to provide end-to-end capabilities through digital platforms.

As part of today’s announcement, Infosys will be a strategic implementation partner for Avaloq’s wealth management suite of solutions to help clients modernise and transform legacy systems.

“Infosys will work closely with Avaloq to develop market opportunities beyond Switzerland and go to market capability for targeted accounts across multiple geographies,” the firms said.

The partnership will initially concentrate on Europe, the Middle East, Africa, and the Asia-Pacific regions. The aim is to offer end-to-end products, software-as-a-service , and private or public cloud services worldwide. Additionally, Infosys and Avaloq will jointly run specialised courses for Infosys experts to get enabled on the Avaloq platform, they said.

“We are making significant investments in this partnership, which will materially enhance the value we offer to our financial services clients and will complement our approach to provide industry-focused wealth management solutions,” Mohit Joshi, president, Infosys, said.

Juerg Hunziker, Avaloq’s chief executive said: “We plan to extend our leadership position and provide our SaaS and BPaaS services to the global wealth management segment.”