Overview
HCLTech's Avaloq Business Unit is a powerhouse of innovation, offering wide technology solutions and services to the financial services industry. With over 175+ certified professionals, the business unit has the expertise to deliver exceptional client outcomes. Our portfolio of innovative productized solutions is designed to meet the evolving needs of the financial services industry. Our recent acquisition of Confinale, a Switzerland-based company, has allowed us to offer end-to-end digital transformation support for wealth management firms.
With a commitment to excellence and innovation, we deliver the best technology solutions to help our clients succeed.
- Second largest and the fastest growing pool of Avaloq Certified professionals
- Lifecycle management center for Avaloq clients
- Award-winning Avaloq implementation partner
- Innovative productized solutions
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HCLTech acquires Digital Banking and Wealth Management specialist Confinale
Founded in 2012, Confinale focuses on IT consulting in key specialist areas in the banking and wealth management sector including wealth advisory, tax, compliance, regulatory reporting, credit business and integration solutions. Confinale has one of the largest independent pools of Avaloq-certified specialists in Europe and its in-house developed products and solutions accelerate the implementation of the Avaloq platform. Confinale is one of only four companies to be awarded the title of Avaloq Premium Implementation Partner. With offices in Switzerland including Zurich, Zug and Geneva; as well as Düsseldorf and London, Confinale works with a host of leading banks and wealth advisors.
This acquisition and associated IP support our strategy to create specialized vertical domain capabilities and position the company as a leader in end-to-end implementation and lifecycle management of the Avaloq platform. This builds upon our expanded global partnership with Avaloq and the acquisition of German IT consulting company gbs in December 2021.
Services
As a Premium Implementation Partner, we serve all core banking operations and set the standard in the Avaloq Community in the 5 areas of Wealth Advisory, Tax, Compliance, Regulatory Reporting and Credit Business.
- Experience Transformation
- UX Transformation
- New Implementations
- Lifecycle Management Services (Evergreening Factories)
- Maintenance Factory
- Enhancement Factory
- Release & Upgrade Factory
- Migration and Journey to Cloud
- Test Management Factory (including Accessibility Testing & Certification and Accessibility Engineering)
- Product and Accelerators
- Product Engineering for Avaloq products
- Productized Solutions for Avaloq
- IPs/ Accelerators
- API integration – CAPI
- Managed services offerings: Run the bank, legacy management
- Digital business offerings: UX transformation, innovation lab, CTB services, APIs, journey to cloud
- Digital foundation offerings: Digital workplace, hybrid cloud management, CyberSec
- Digital operations services
- HCLTech software products to drive DevSecOps implementation
- Edtech services to help clients in their workforce re-skilling journey
Products and Accelerators
We offer FinTech and RegTech products that demonstrate our deep expertise in the following business areas of the banking sector: Wealth Advisory, Tax, and Compliance.
aSpark®
Through targeted automation, aSpark massively increases the scalability of the active and personalized distribution of investment content.
reclaimer®
Enables banks and service providers to efficiently manage withholding tax reclaims and relief for their customers and themselves on end-to-end basis.
Client tax reporting
Greatly simplifies the transfer of the information into the tax return. Depending on the requirements of the country of residence, the tax statements can be prepared annually and/or monthly. Available on customer request, ad hoc at the push of a button.
Money laundering reporting
Standard for reporting to money laundering reporting offices that rely on goAML. Focused on achieving the maximum possible degree of automation and a user-friendly and clearly structured user interface.
FATCA Group request reporting
Enables financial institutions to prepare and transmit the required information in a timely, compliant and efficient manner. The web-based product can be easily integrated into existing banking systems.
Compliance Client View: Analyse compliance irregularities more easily
Compliance Client View (CCV) is the solution for the digitalisation and standardisation of client analyses. The relevant data is prepared, visualised and can be refined with filter functions if required.
Resources, Insight and News
Reimagining wealth management with chatbots
HCLTech expands global partnership with Avaloq
HCLTech acquires Digital banking and Wealth Management specialist Confinale
HCLTech and apoBank come together to acquire German IT consulting company gbs
Accolades
Confinale recognized as the Avaloq Implementation Partner of the Year 2021
