Gartner recognises Avaloq as a Leader in international retail core banking

For the second year running Gartner has named the Avaloq group, a provider of integrated and comprehensive banking solutions, as an industry Leader in the Magic Quadrant for International Retail Core Banking (IRCB) report*.

The yearly report from the IT research firm evaluates core banking vendors on ability to execute and completeness of vision. Each vendor was asked to demonstrate market traction and momentum, as well as breadth of product capabilities in international retail core banking.

Francisco Fernandez, Avaloq group CEO, noted that Avaloq enables the full continuum of banking needs, from wealth management to retail. "We believe our recognition as an industry leader by Gartner for the second consecutive year is proof of our continued success in this area as well as our commitment to ongoing innovation,” Fernandez said.

Avaloq clients include Singapore-based DBS, National Bank of Abu Dhabi, and Nomura.

*Gartner, Magic Quadrant for International Retail Core Banking, Don Free, Ethan Wang, 13 November 2014