Global digital services provider Infosys has agreed a strategic partnership with Zurich-headquartered wealth management software and technology provider Avaloq.
The partnership will help bolster end-to-end (e2e) wealth management offerings.
As part of the deal, India-headquartered Infosys will be a “strategic implementation partner” for Avaloq’s wealth management suite of solutions to help firms modernise and transform their legacy systems.
The firms aim to create a “one-stop-shop” for wealth management clients, they said.
With an initial focus on Emea and Apac regions, the partnership aims to offer e2e products and services as software-as-a-service (SaaS), private cloud or public cloud across the globe.
Additionally, Infosys and Avaloq will jointly run specialised courses for Infosys experts to get equipped on the Avaloq platform.
Mohit Joshi, president of Infosys, said: “We are making significant investments in this partnership, which will materially enhance the value we offer to our financial services clients and will complement our approach to provide industry-focused wealth management solutions.”
Juerg Hunziker, chief executive of Avaloq, said: “We plan to extend our leadership position and provide our SaaS services to the global wealth management segment.”