The Swiss-based technology firm that focuses on automated investment recommendations, risk analytics and decision support simulations, has
entered into a partnership with Avaloq to become its first white label partner for the firm’s standalone investment management platform: the Avaloq Wealth Platform.
Empowering private banks to achieve long-term success by providing them technology solutions with unprecedented value, Edgelab offers extensive risk analytics and smart capabilities so that banks can deliver a 360-degree view on portfolio risk and easily generate bespoke portfolios.
Its risk methodology considers all possible risk factors which would impact an instrument and accurately estimate the risk of every possible asset, including non-linear instruments, such as structured products. Trade recommendations are delivered in a portfolio context, considering clients’ preferences, banks’ views, and suitable investment universe.
Partnering with Avaloq will allow Edgelab to feed its capabilities into the Avaloq Wealth Platform which covers the end-to-end investment process, from profiling the client and assigning an investment strategy (or model), to monitoring the client’s portfolio, rebalancing, and evaluating performance, attribution, and risk. The platform facilitates the automation of investment suitability checks, portfolio construction, and risk analytics, and enables the
optimization and monitoring of portfolios. Combining data integrity strengths from the core banking platform with a state-of-the-art user experience, Avaloq Warlth Platform will be available in Q3 2020.
Cédric Ullmo, Chief Executive Officer of Edgelab, said: “We are thrilled by this highly synergistic partnership with Avaloq. Together we will empower banks to deliver a whole new kind of experience. One, where they help clients make better decisions, with the right insights, at the right time.”
Martin Greweldinger, Chief Product Officer at Avaloq, commented: “We are very pleased to be partnering with Edgelab, which will allow us to further enhance the capabilities of the Avaloq Wealth Platform. This will help our clients to cater even better to the ever-increasing needs of their wealth clients globally.”
In November 2019, Avaloq acquired Derivative Partners AG, a Zurich-based information and data provider for structured products and derivatives in Switzerland. Its analytical services are being leveraged to offer both established and new clients the independent valuation, trading and management of highly complex financial instruments such as structured products and ETF markets.
Also in 2019, Avaloq partnered with algorithmic trading software provider AlgoTrader to make the digital asset management ecosystem available to its extensive banking and wealth management clients worldwide so they can manage their automated crypto trading and to get access to all major crypto exchanges through a robust FIX API.
In 2018, Avaloq announced a partnership with IBM to build a private “Swiss Banking Cloud” for its private cloud infrastructure services in Switzerland and its global hybrid cloud environment. Fully compliant with the Swiss legal and regulatory requirements applicable to banks, the private cloud infrastructure and the new operating model will be based on IBM’s infrastructure capabilities in order to create and offer state-of-the-art solutions to Avaloq’s prospects and existing SaaS and BPaaS clients.
