14 December 2017
visit www.aciworldwide.com

Avaloq partners IBO to deliver bank trust rankings

26 April 2017  |  2506 views  |  0 Source: Avaloq

The future success of the financial industry, to a large degree, resides on the pillars: trust, transparency and client-enablement.

Technology paves the way for an effective implementation of these ingredients of modern banking. Against this backdrop, Avaloq has gone into partnership with IBO to enable performance rankings in banking, and to increase trust in financial services.

Over the past decade, their reputation has become even more important for banks and wealth managers. “With consumers being finely attuned to issues around the financial industry, banks are looking for ways to demonstrate commitment to their clients - with the right products, by portraying professionalism, and especially through increased transparency,” says Francisco Fernandez, Avaloq’s Group CEO. “It is technology that facilitates trustworthy banking. The right technology platform ensures regulatory compliance. Standardised processes reduce the element of human error and risk of fraud and manipulation, and innovative tools allow users to assess the performance and risk of their portfolios.”

Investment performance is an area with significant relevance in this respect. The trend is towards allowing users to compare portfolio performance against similar clients with identical risk profiles to facilitate improved risk monitoring and greater insight into portfolio performance.

IBO - an award-winning solution to compare and rank investment returns
This is where Avaloq’s new partnership with IBO, the two-time winner of the WealthBriefing Swiss Awards, sets in: with the IBO Performance Watcher, banks as well as their clients can compare portfolios one-to-one, and understand how their portfolio performs in comparison to portfolios of other wealth managers. The software not only provides clients and their bank advisors with the ability to assess multiple portfolio returns, but also takes a client’s risk appetite into the equation. Risk monitoring is improved, as greater insight into portfolio performance is provided.

“Due to various negative events, trust - the ultimate glue of successful business relationships - in the financial industry began to crumble. Crucially, providing the ability to assess the performance and risk of portfolios not only benefits the bank customer, but also the bank itself,” Marc Lussy, Head of Business Development & Digital Marketing at IBO, explains. “Bank advisors and investors are constantly kept informed. Asset managers can anonymously compare portfolio performance against similar clients with identical risk profile. And, most importantly, asset managers regain trust by increasing transparency and enabling clients to rate and compare portfolio performances.”

Avaloq has fully integrated IBO‘s professional monitoring and reporting tool into the Avaloq Banking Suite. All banks using the Avaloq Banking Suite can license IBO’s Performance Watcher. IBO is also exploring further integration possibilities with Avaloq by building digital banking functionality using the Avaloq Developer Platform.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.response.ncr.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12248 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9570 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8193 views comments | 17 tweets | 36 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7405 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7297 views comments | 20 tweets | 11 linkedin

Featured job

Competitive package
New York City, NY - USA

Find your next job