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Avaloq
3.2
based on 40 Reviews
Video summary
Company Overview
Company Locations
Working at Avaloq
Company Summary
Avaloq specializes in digital transformation and automation solutions for the financial services sector, offering core banking software and SaaS services.
Overall Rating
3.2/5
based on 40 reviews
14% below
industry average
Critically rated for
Promotions, Salary, Job security
Work Policy
Monday to Friday
94% employees reported
Flexible timing
84% employees reported
No travel
80% employees reported
Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Office cab/shuttle
12 employees reported
Job/Soft skill training
12 employees reported
Health insurance
12 employees reported
Cafeteria
6 employees reported
View all benefits
About Avaloq
Founded in1985 (40 yrs old)
India Employee Count51-200
Global Employee Count51-200
HeadquartersZurich, Switzerland
Office Locations
--
Websiteavaloq.com
Primary Industry
Other Industries
--
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View in video summary
Avaloq India Private Limited is a subsidiary of Avaloq Evolution AG headquartered in Zurich, Switzerland. Avaloq is driving the digital transformation and automation of the financial services industry. Avaloq is a leader in core banking software and digital technology and a provider of software as a service (SaaS) and business process as a service (BPaaS) solutions for banks and wealth managers. Over 150 clients trust us with USD 4.5 trillion in assets managed with our software. In India, we are establishing services to better serve clients in India and around the world with best-in-class banking and technology services. Our office is based in the heart of Pune, Maharashtra, India .At Avaloq, we believe in one thing. Preparing our clients for the future and ensuring their success. Our strong heritage supports us as we look to the future – and our vision is clear. Simplicity will be critical for financial institutions and wealth managers. Simplicity will keep you agile in an ever-changing, increasingly digital world.
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Avaloq Ratings
based on 40 reviews
Overall Rating
3.2/5
How AmbitionBox ratings work?
5
16
4
9
3
4
2
3
1
8
Category Ratings
3.7
Work-life balance
3.2
Company culture
3.1
Skill development
3.0
Work satisfaction
2.9
Job security
2.9
Salary
2.6
Promotions
Avaloq is rated 3.2 out of 5 stars on AmbitionBox, based on 40 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Avaloq Reviews
Top mentions in Avaloq Reviews
+ 1 more
Compare Avaloq with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.2/5 based on 40 reviews | 3.2/5 based on 442 reviews | 3.3/5 based on 316 reviews | 4.2/5 based on 275 reviews |
Highly Rated for | No highly rated category | No highly rated category | No highly rated category | Skill development Salary Promotions |
Critically Rated for | Promotions Salary Job security | Promotions Salary Job security | Salary Promotions Company culture | No critically rated category |
Primary Work Policy | - | Hybrid 43% employees reported | Work from office 94% employees reported | Work from office 87% employees reported |
Rating by Women Employees | 2.2 Poor rated by 6 women | 3.2 Average rated by 90 women | 3.4 Average rated by 70 women | 4.4 Good rated by 65 women |
Rating by Men Employees | 3.5 Good rated by 24 men | 3.2 Average rated by 328 men | 3.3 Average rated by 241 men | 3.8 Good rated by 92 men |
Job security | 2.9 Poor | 2.9 Poor | 3.3 Average | 4.0 Good |
View more
Avaloq Salaries
Avaloq salaries have received with an average score of 2.9 out of 5 by 40 employees.
Banking Specialist
(9 salaries)
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₹5.1 L/yr - ₹11.1 L/yr
Software Engineer
(7 salaries)
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₹7.1 L/yr - ₹40 L/yr
Senior Software Engineer
(5 salaries)
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₹20 L/yr - ₹54.7 L/yr
Senior Business Analyst
(5 salaries)
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₹25 L/yr - ₹40 L/yr
Associate Software Engineer
(4 salaries)
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₹6.8 L/yr - ₹12.2 L/yr
Senior Software Developer
(4 salaries)
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₹8 L/yr - ₹45 L/yr
Test Manager
(4 salaries)
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₹26 L/yr - ₹65 L/yr
HR Manager
(4 salaries)
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₹15.4 L/yr - ₹18.5 L/yr
Backend Developer
(4 salaries)
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₹18.9 L/yr - ₹24.2 L/yr
System Manager
(4 salaries)
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₹8 L/yr - ₹16 L/yr
Avaloq News
Avaloq Joins DIFC to Improve Client Trust in Region and Help Firms Meet Investor Expectations
- Avaloq has opened a new office in the Dubai International Financial Centre (DIFC) to support financial institutions in Dubai in meeting investor expectations and addressing challenges associated with client trust and technology adoption.
- Avaloq aims to accelerate the digital transformation of financial services across the Gulf Cooperation Council (GCC) region, and its expansion in Dubai builds on its existing presence in the Middle East, supporting financial institutions with offshore activities in Switzerland and onshore wealth management business in the region.
- The company's specialised core platform automates and standardises processes, while its open architecture enables the integration of third-party services. This helps financial institutions achieve operational efficiency and deliver better value to clients, enhancing the overall experience for both clients and advisers.
- The UAE, specifically, presents a significant wealth management market, but with challenges such as lack of trust, high costs, and lack of transparency. Avaloq's solutions aim to address these challenges through digital tools that streamline operations and empower advisers to provide insightful, transparent, and trust-building advisory services.
The Fintech Times | 11 Apr, 2025
Avaloq hosts first India community connect to shape wealth management’s future
- Avaloq hosted its first India Community Connect event in Pune to shape the future of wealth management.
- The event provided a platform for major banks, wealth management firms, and fintech companies to discuss emerging industry trends.
- Avaloq aims to address the specific wealth management needs of India's expanding affluent population.
- The event highlighted the importance of integrated platforms in meeting investors' evolving expectations.
HinduBusinessLine | 10 Apr, 2025
This Week in Fintech: TFT Bi-Weekly News Roundup 06/02
- Outliers Venture Capital appoints Kenzie Falcoz as operating partner, leading platform and portfolio support initiatives.
- UK Islamic property finance fintech firm Offa makes multiple appointments to support its expansion.
- AI risk intelligence platform Ballerine appoints Cihat Fitzgerald as chief risk officer.
- Wealth management technology company Avaloq appoints Dr. Heiko Beck to oversee activities in Europe.
- AI-driven claims management platform Qantev partners with INSTANDA to improve automation and customer satisfaction in the insurance market.
- Healthcare financing provider PayMedix partners with XO Health to expand access to its solution for self-insured employers.
- Cross-border trade payment platform XTransfer and Ecobank Group collaborate to provide financial services to African SMEs.
- Digital wallet solution Kuady integrates with BridgerPay to offer seamless payment solutions across Latin America.
- ZA Bank partners with TransUnion to offer the TransUnion Credit Alert Service to retail users in Hong Kong for free.
- Fiserv to power the digital transformation of African bank Firstrand with its Finxact solution.
- Merchant risk and compliance management software company ZeroRisk raises $4 million in funding to expand globally.
- EU-authorised payment platform INXY Payments closes a $3 million investment round to simplify and secure crypto payments for businesses.
The Fintech Times | 6 Feb, 2025
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Avaloq FAQs
When was Avaloq founded?
Avaloq was founded in 1985. The company has been operating for 40 years primarily in the Software Product sector.
Where is the Avaloq headquarters located?
Avaloq is headquartered in Zurich.
How many employees does Avaloq have in India?
Avaloq currently has approximately 100+ employees in India.
Does Avaloq have good work-life balance?
Avaloq has a Work-Life Balance Rating of 3.7 out of 5 based on 40+ employee reviews on AmbitionBox. 63% employees rated Avaloq 4 or above, while 37% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Avaloq work-life balance reviews for more details
Is Avaloq good for career growth?
Career growth at Avaloq is rated as poor, with a promotions and appraisal rating of 2.6. 37% employees rated Avaloq 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading Avaloq reviews for more detailed insights.
What are the cons of working in Avaloq?
Working at Avaloq does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, salary & benefits and job security, based on 40+ employee reviews on AmbitionBox.
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