Smith & Williamson to use Avaloq software-Software

Freienbach SZ – The UK-based financial services provider Smith & Williamson is adopting the comprehensive Software as a Service (SaaS) solution from Avaloq, a fintech company from the Greater Zurich Area. This development will enhance the company’s ability to introduce new products more quickly. Smith & Williamson already uses Avaloq Banking Suite.

Around six months ago, Smith & Williamson introduced the Banking Suite software from Avaloq. Now, the UK-based financial services provider is keen to make use of another product developed by the Swiss fintech company: According to a press release, Smith & Williamson is seeking to implement Avaloq’s SaaS solution, with the aim of speeding up the introduction of new products and services.

Mark Prior, Head of IT at Smith & Williamson, said: “Our decision to adopt Avaloq’s SaaS forms part of our commitment to invest significantly in technology over the next five years and ensures the firm is well-positioned for continued growth.” In addition, Paco Hauser, General Manager EMEA at Avaloq, commented: “Smith & Williamson is a great example of a leading financial services firm leveraging Avaloq’s SaaS solution to transform its operating model.”

For Avaloq, this step represents a further expansion on the UK asset management market. The fintech company already boasts a solid customer base in the UK, including Canaccord Genuity Wealth Managementand Coutts, among others.

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