Ignition Advice and Avaloq announce global partnership

Ignition Advice and Avaloq announce global partnership

Ignition Advice continues its strong growth strategy, announcing a global partnership with one of the world’s leading financial services and digital technology providers, Avaloq. Ignition is proud to be the first Australian fintech to be admitted to the Avaloq.one Ecosystem. 

Manish Prasad, CEO of Ignition Advice says, “Ignition’s accelerated growth comes from a focus on strategic partnerships. With our platform complete and validated, strong distribution partnerships will allow us to quickly scale our enterprise client base. We are delighted to partner with Avaloq to bring our solutions to their global network of clients.”

The Avaloq banking suite provides core banking software solutions to more than 150 of the world’s financial institutions, in more than 30 countries, with over USD 4 trillion in assets managed with its software. Avaloq clients include Barclays, HSBC, Societe Generale SA, DBS Bank, Deutsche Bank, Crestone Capital Advisors LLC, Maybank, LGT and Pictet. Through Avaloq’s extensive network, Ignition solutions can be offered to more than 150 target institutions.

Founded in Switzerland in 1985, Avaloq first launched a core banking solution almost thirty years ago. They pioneered Software as a Service (SaaS) and business process as a service (BPaaS) solutions for banks and wealth managers.

Their extensive third party marketplace Avaloq.one Ecosystem leads a new era of open banking, seamlessly connecting approximately 150 financial institutions with more than 120 innovative fintech solutions globally, allowing collaboration and rapid integration.

Terry Donohoe, COO of Ignition Advice says, “The Avaloq credo of complex problems, simple solutions and delivering live customer benefits in months not years is a perfect fit for Ignition. Our proven bank grade solutions are ready to implement, allowing clients to provide better service to their customers with go live in as little as 90 days.”

In 2020 Ignition has developed a strong distribution through partnership strategy and also recently became a member of the Envizage partner ecosystem. Envizage is a UK based holistic analytics platform that services enterprise clients including banks, insurance firms and asset managers. The partnership will allow Ignition and Envizage to bring digital engagement, goals optimisation, personal financial advice and investment, insurance and retirement product fulfilment to the global market.

Founded in 2014 by Mark Fordree and Mike Giles, Ignition is a global leader in digital advice technology, with unique capabilities to deliver advice across investment, retirement and insurance.