Smith & Williamson to use Avaloq software-Software
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.