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What's The Best Core Banking Platform For Your Business?: Avaloq

The document compares two leading core banking platforms, Avaloq and Temenos. It provides a table that outlines key details about each platform, such as the year founded, number of clients and employees, locations, solutions offered, and customer profiles. Temenos is one of the largest core banking software providers, serving over 3,000 financial institutions and 500 million customers globally through its full suite of digital and core banking solutions.

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160 views2 pages

What's The Best Core Banking Platform For Your Business?: Avaloq

The document compares two leading core banking platforms, Avaloq and Temenos. It provides a table that outlines key details about each platform, such as the year founded, number of clients and employees, locations, solutions offered, and customer profiles. Temenos is one of the largest core banking software providers, serving over 3,000 financial institutions and 500 million customers globally through its full suite of digital and core banking solutions.

Uploaded by

Aditi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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What’s the best core banking platform for your business?

Competition in the banking industry is intensifying. Next-generation banks are


winning market share by targeting lucrative niches in the value chain, forcing
incumbent banks to review their legacy platforms. 

The good news is that there are many tools to help banks modernize quickly and
efficiently. In fact, more than 65% of surveyed banks are exploring the potential of
next-generation core banking platforms. 

Avaloq

Avaloq’s core banking platform used by LGT, Deutsche Bank, and Barclays,
among many others, offers optimized efficiency and future-proofed software. With
more than 70 modules and digital solutions, the highly modular platform can be
seamlessly integrated and scaled to best match the needs of a client.

Avaloq’s system delivers out-of-the-box efficiency with the flexibility to run ‘as
is’. The company’s tried and tested process gets many banks and wealth managers
up and running in just 90 days. The platform excels at reducing redundancies and
streamlining back-office operations, so staff can focus on high-value tasks while
clients receive superior digital service.   

Temenos

Founded in 1993, Temenos is one of the world’s top core banking software


systems. After over 25 years of providing best-selling software for financial
institutions, Temenos boasts unbeatable experience and a wide range of system
integrations. 

Rich functionality and cutting-edge technology made Temenos the go-to for over
3,000 current clients and 41 of the world’s top 50 banks, serving more than 500
million customers every day. The platform is designed to help retail, corporate, and
private banks manage transactions, risk, enterprise credit, and much more. 

Avaloq Temenos

Founded 1985 1993

Number of 150 3,000


clients

Headquarters Zurich, Geneva,


Switzerland Switzerland

Customer profile Wealth Retail,


managers, corporate,
retail banks universal,
private, Islamic
and
microfinance &
community
banks.

Number of end- Unknown – 500 million


customers $4.5 trillion in
assets

Number of 2,000 4,600


employees

Number of 24 68
offices

Solutions Avaloq Core Infinity – Digital


Avaloq Front Office
Wealth T24 Transact –
Avaloq Core Banking
Engage Payments
Avaloq Infinity Wealth
Insight Fund
Management

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