Avaloq Ecosystem: Avaloq and HCLTech Together | HCLTech
Avaloq Business Unit

Overview

HCLTech's Avaloq Business Unit is a powerhouse of innovation, offering wide technology solutions and services to the financial services industry. With over 175+ certified professionals, the business unit has the expertise to deliver exceptional client outcomes. Our portfolio of innovative productized solutions is designed to meet the evolving needs of the financial services industry. Our recent acquisition of Confinale, a Switzerland-based company, has allowed us to offer end-to-end digital transformation support for wealth management firms.

With a commitment to excellence and innovation, we deliver the best technology solutions to help our clients succeed.

  • Second largest and the fastest growing pool of Avaloq Certified professionals
  • Lifecycle management center for Avaloq clients
  • Award-winning Avaloq implementation partner
  • Innovative productized solutions
Overview

HCLTech acquires Digital Banking and Wealth Management specialist Confinale

Founded in 2012, Confinale focuses on IT consulting in key specialist areas in the banking and wealth management sector including wealth advisory, tax, compliance, regulatory reporting, credit business and integration solutions. Confinale has one of the largest independent pools of Avaloq-certified specialists in Europe and its in-house developed products and solutions accelerate the implementation of the Avaloq platform. Confinale is one of only four companies to be awarded the title of Avaloq Premium Implementation Partner. With offices in Switzerland including Zurich, Zug and Geneva; as well as Düsseldorf and London, Confinale works with a host of leading banks and wealth advisors.

This acquisition and associated IP support our strategy to create specialized vertical domain capabilities and position the company as a leader in end-to-end implementation and lifecycle management of the Avaloq platform. This builds upon our expanded global partnership with Avaloq and the acquisition of German IT consulting company gbs in December 2021.

HCLTech acquires Digital Banking and Wealth Management specialist Confinale

Services

As a Premium Implementation Partner, we serve all core banking operations and set the standard in the Avaloq Community in the 5 areas of Wealth Advisory, Tax, Compliance, Regulatory Reporting and Credit Business.

Avaloq service offerings
Customized lending solutions
  • Experience Transformation
    • UX Transformation
    • New Implementations
  • Lifecycle Management Services (Evergreening Factories)
    • Maintenance Factory
    • Enhancement Factory
    • Release & Upgrade Factory
    • Migration and Journey to Cloud
    • Test Management Factory (including Accessibility Testing & Certification and Accessibility Engineering)
  • Product and Accelerators
    • Product Engineering for Avaloq products
    • Productized Solutions for Avaloq
    • IPs/ Accelerators
    • API integration – CAPI
Beyond Avaloq service offerings
Customized lending solutions
  • Managed services offerings: Run the bank, legacy management
  • Digital business offerings: UX transformation, innovation lab, CTB services, APIs, journey to cloud
  • Digital foundation offerings: Digital workplace, hybrid cloud management, CyberSec
  • Digital operations services
  • HCLTech software products to drive DevSecOps implementation
  • Edtech services to help clients in their workforce re-skilling journey

Solutions

aSpark®

Through targeted automation, aSpark massively increases the scalability of the active and personalized distribution of investment content.

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reclaimer®

Enables banks and service providers to efficiently manage withholding tax reclaims and reliefs for their customer and themselves on end to end basis.

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Client tax reporting

Greatly simplifies the transfer of the information into the tax return. Depending on the requirements of the country of residence, the tax statements can be prepared annually and/or monthly. Available on customer request, ad hoc at the push of a button.

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Money laundering reporting

Standard for reporting to MROS and other money laundering reporting offices that rely on goAML. Focused on achieving the maximum possible degree of automation and a user-friendly and clearly structured user interface.

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Group request reporting

Enables financial institutions to prepare and transmit the required information in a timely, compliant and efficient manner. The web-based product can be easily integrated into existing banking systems.

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Services

As a Premium Implementation Partner, we set the standard in the Avaloq Community in the 5 areas of Wealth Advisory, Tax, Compliance, Regulatory Reporting and Credit Business.

Products and Accelerators

We offer FinTech and RegTech products that demonstrate our deep expertise in the following business areas of the banking sector: Wealth Advisory, Tax, and Compliance.

Services

Avaloq consulting and implementation

Avaloq consulting and implementation

Named Avaloq Project Partner of the Year 2019 and Avaloq Implementation Partner of the Year 2020 and 2021

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API architecture and integration

API architecture and integration

Best-of-breed approach for banks; by means of mixed teams of IT architects, Avaloq-certified professionals and front- and back-end developers.

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Customized software for Banks

Customized software for Banks

We combine our development expertise with specialist knowledge in the 5 areas of Wealth Advisory, Tax, Compliance, Regulatory Reporting and Credit Business to quickly develop innovative solutions for banks.

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BPM for banks

BPM for banks

Business Process Management - is an important method for banks and financial institutions to implement digitization. Our certified specialists use state-of-the-art tools to master your challenges.

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Resources, Insight and News

Accolades

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