“Can a wealth-management core banking platform become the full-stack operating system for private banks and wealth managers globally, combining SaaS, BPaaS outsourcing, and an open fintech ecosystem?”
Avaloq was founded as a core banking software company serving wealth managers and private banks primarily in Europe and Asia-Pacific. Over time, the company expanded from on-premises core banking to cloud-delivered SaaS and BPaaS models, operating global service centres for outsourced banking operations. Acquired by NEC Corporation in 2021, Avaloq now positions itself as a wealth management technology platform combining core banking, payments, lending, digital channels, and an open ecosystem of fintech integrations targeted at private banks and wealth managers.
Avaloq discloses Avaloq (self-operated) as its banking provider, according to the Embedded Finance Index 2026.
Avaloq does not disclose a bank charter of its own; its banking services are provided through Avaloq (self-operated).
Avaloq processes payments through Avaloq Payments (self-operated).
The Embedded Finance Index 2026 maps 4 layers in Avaloq's stack: Payments / PSP (Avaloq Payments (self-operated)); Banking / BaaS (Avaloq (self-operated)); Lending (Mortgages, Corporate syndicated loans, Securities-backed lending, Securities-based lending (exotic collateral including art and cars) and 2 others); Transaction enrichment (Contovista).
Avaloq is founded in 1985 and headquartered in Zurich, Switzerland.
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