Avaloq teams up with HCL to build centre of excellence in Bangalore

The Avaloq group, which provides integrated banking solutions, has partnered with IT services provider HCL Technologies to offer a global delivery model during and after implementation of the Avaloq Banking Suite. 

The global partnership will leverage HCL global delivery centres to provide access to Avaloq know-how and the ability to deliver off-shore, near-shore and on-site, improving the level of service, delivery and support for international Avaloq implementation projects. 

The jewel of the partnership is an off-shore Centre of Excellence in Bangalore, India which will offer implementation, systems integration, migration and testing services on the Avaloq Banking Suite’s range of wealth management products. HCL will invest in skills development and training programmes for employees of the Centre of Excellence. 

"The alliance will improve our ability to serve international customers, boost our successful internationalisation strategy and in particular strengthen our position in Asia and Europe,” said Francisco Fernandez, CEO of Avaloq.  

Wealth management is one of the significant pillars of HCL’s vision for the financial services industry. Rahul Singh, President, Financial Services & Business Services, HCL Technologies said: “Our expertise in program management, solution implementation and system integration along with Avaloq’s solutions portfolio will enable us to provide integrated and comprehensive services to customers.”