Founded in Switzerland in 1985, Avaloq specializes in developing and operating comprehensive software solutions for the financial services industry. Its flagship product, the Avaloq Core Platform, is a fully integrated back-, middle-, and front-office system used by retail banks, private banks, and wealth managers worldwide. The company offers its solutions through Software as a Service (SaaS) and Business Process as a Service (BPaaS) models, enabling financial institutions to digitize their operations and enhance client experiences. In 2020, Avaloq was acquired by the Japanese multinational IT and electronics company, NEC Corporation, and now operates as part of the NEC group.