Industry panel discussion with Clients and Partners
Avaloq, a global leader in wealth management technology and services, successfully hosted its inaugural Avaloq India Community Connect event in Pune. The gathering brought together prominent leaders from India’s wealth management and technology sectors to explore how digital transformation is redefining the future of financial services.
Since establishing its footprint in India in 2019, Avaloq has significantly grown its presence in Pune, boasting over 170 professionals specializing in project delivery, product development, banking operations, cloud technology, and corporate services. The event served as a dynamic platform for in-depth discussions on emerging industry trends, with participation from major banks, wealth management firms, and fintech companies, including NatWest, HSBC, Barclays, Citi, Deutsche Bank, DBS, Accenture, Infosys, HCLTech, Synpulse, TecFinics, and Tech Mahindra.
Anirban Mukherjee, Managing Director for India at Avaloq, commented, “India’s financial landscape is undergoing a dramatic transformation, and within this dynamic environment, Avaloq, a specialist in wealth management and private banking solutions, is poised to carve a significant niche. While the nation’s focus often gravitates towards the mass-market digital banking revolution, a quieter yet equally potent shift is occurring: the rapid expansion of India’s affluent population.”
He added, “ As India’s wealth accumulates, the demand for personalized, robust and technologically advanced wealth management platforms will inevitably surge. Our goal at Avaloq is to help financial institutions address the specific wealth management needs of these new investors.”
Pascal Wengi, Managing Director for Region International at Avaloq, stated, “India’s wealth management industry is evolving rapidly, driven by economic growth, rising affluence and increasing demand for professional financial advice. Our first Avaloq India Community Connect event in Pune provided a valuable forum for industry leaders in Pune to discuss key trends and strategies to improve client service and scale operations efficiently.”
Avaloq India Community Connect discussed the challenges of fragmented technology ecosystems and highlighted the importance of integrated platforms supporting both front and back-office functions. As India’s wealth management industry becomes more sophisticated, a harmonized, scalable approach to technology will be essential to help the country’s banks and wealth managers address investors’ evolving expectations.
Published on April 10, 2025
