From: FinTech Global
Swiss-based Edgelab has partnered with WealthTech company Avaloq.
The partnership will make the investment technology firm Avaloq’s first white label partner for the Avaloq Wealth Platform, its standalone investment management platform.
Edgelab will funnel its risk assessment for investment capabilities into the new platform, which takes an approach covering everything from client onboarding and due diligence checks to assigning an investment strategy and evaluating performance as well as risk.
The platform also facilitates the automation of investment suitability checks, portfolio construction and risk analytics, and enables the optimization and monitoring of portfolios.
“We are thrilled by this highly synergistic partnership with Avaloq,” said Cédric Ullmo, CEO of Edgelab. “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.”
“We are very pleased to be partnering with Edgelab, which will allow us to further enhance the capabilities of the Avaloq Wealth Platform,” said Martin Greweldinger, chief product officer at Avaloq. “This will help our clients to cater even better to the ever-increasing needs of their wealth clients globally.”
Avaloq is no stranger to making partnerships. For instance, in 2019 it signed partnerships with the algorithmic trading software company AlgoTrader and the cybersecurity company OneSpan. Earlier in the year it also launched a suite of PSD2 tools.
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