The Avaloq group, an international leader in integrated and comprehensive banking solutions, today announced that its Avaloq Banking Suite was again rated number one private banking solution in the 2014 edition of the IBS Sales League Table. This marks the second year in a row that Avaloq has been awarded with the top rating.
The IBS Sales League Table is a widely acclaimed barometer measuring sales activities of international core banking systems. The ranking confirms Avaloq’s continued strong performance in the most demanding financial centres in the world and its unique positioning in the wealth management sector. Avaloq closed new outstanding deals in the tier one segment for both banking solutions and business process outsourcing (BPO) services.
“Avaloq’s top ranking in the prestigious IBS Sales League Table is a great recognition of our achievements. Significant international customer wins in 2013 such as Canaccord, HSBC and Deutsche Bank further underline the success of our strategy and solutions. Avaloq has continued to invest more than 50 per cent of its product related revenues into R&D, which is far above industry average. As a result of this innovation power, our customer base has doubled in the past five years and these days over 3,000 billion US Dollars are managed with our solutions”, said Francisco Fernandez, CEO of Avaloq.