Avaloq bolsters Cost & Fee suite with new data analytics solution

Avaloq has rolled out a data analytics solution for banks and wealth managers to complement its Cost & Fee suite.The new Cost & Fee Analytics solution will provide financial institutions with greater clarity on the impact of bespoke pricing.It is designed to assist front office staff, especially relationship managers in negotiating discounts and renewal processes.Uses data analytics, it will help institutions assess the impact of potential discounts and relay decisions to the customers faster.Additionally, the solution helps in identifying pricing opportunities and managing regulations such as MiFID II or FIDLEG.Avaloq chief product officer Martin Greweldinger said Cost & Fee Analytics supports financial institutions to increase transparency within their organisation as well as towards end clients.It helps front-line staff to deliver better and faster service to their clients, particularly sophisticated high net worth ones that want bespoke solutions.