For the second year running the Avaloq group, a provider of integrated and comprehensive banking solutions, has been named by Gartner as an industry ‘Leader’ in the ‘Magic Quadrant for International Retail Core Banking (IRCB)’ report. ¹
The yearly report from leading IT research firm Gartner evaluates core banking vendors on ‘ability to execute’ and ‘completeness of vision’. Each vendor was asked to demonstrate market traction and momentum, as well as breadth of product capabilities in international retail core banking.
Francisco Fernandez, Avaloq CEO, says, “Founded 25 years ago as a private banking vendor, we enable today the full continuum of banking from wealth management to retail. Our retail capabilities are in use at 75 banks in Europe, the Middle East and the Asia/Pacific region, including Raiffeisen, DBS, Banque de Luxembourg and Crèdit Andorrà. We believe our recognition as an industry leader by Gartner for the second consecutive year is proof of our continued success in this area as well as our commitment to ongoing innovation.”
Pascal Foehn, Head of Group Strategy, Marketing and Corporate Communications, adds, “Our differentiation in the retail banking sector is enabled by the depth of insight we are able to obtain. Gathering our data from sources such as our own extensive Business Process Outsourcing operations, global customer base, partners as well as standards organisations and universities keeps Avaloq at the leading-edge.”
¹ Gartner, Magic Quadrant for International Retail Core Banking, Don Free, Ethan Wang, 13 November 2014