CMB Monaco, a Monaco-based private bank specialising in bespoke private banking services, has completed its migration to the integrated technology platform combining Avaloq and Aladdin Wealth™.
The migration streamlines CMB Monaco’s entire value chain across the front, middle and back office, enabling seamless workflows across core and digital banking, client management and portfolio management. The joint platform equips relationship and investment managers with tools including tailored investment proposals, holistic scenario analyses and advanced risk analytics, supporting greater personalisation at scale and improved productivity.
CMB Monaco has also become the first European bank to deploy the generative AI-driven “Auto Commentary” feature within the Aladdin Wealth platform. The tool converts complex portfolio analytics and client-level investment preferences into concise insights, enabling advisers to craft more relevant client narratives and deliver differentiated conversations.
Delivered as cloud-based software as a service (SaaS), the platform’s open architecture allows for integration of third-party services, providing flexibility and faster rollout of new offerings, while also supporting compliance with evolving regulations.
The migration additionally strengthens the bank’s cybersecurity posture through Avaloq’s secure-by-design architecture, advanced protection mechanisms and ongoing updates to safeguard client data. Back-office processes, including AI-led automation for corporate actions, are also being streamlined via Avaloq Banking Operations.
Clients of CMB Monaco now have access to a digital experience through Avaloq’s web and mobile banking solutions, featuring tailored dashboards, advanced portfolio visualisation, customisable alerts, conversational banking capabilities and enhanced authentication standards.
CMB Monaco CEO Francesco Grosoli said, “Our partnership with Avaloq and BlackRock Aladdin marks a significant milestone in our digital transformation. By adopting their integrated platform, we are increasing productivity across our operations and modernizing our systems to deliver an outstanding digital experience – especially for a new generation of investors.”
CMB Monaco Olivier Pagès, Chief Operating Officer, added: “Avaloq and BlackRock Aladdin are more than technology providers; they’re trusted partners that help us stay ahead of evolving regulatory standards and meet the high expectations of our discerning clients. Together, we are committed to offering the best banking experience for our clients.”
Avaloq group chief executive officer Martin Greweldinger said, “CMB Monaco’s successful go-live is a major milestone for Avaloq as well as BlackRock’s Aladdin business, showcasing the strength of our joint offering. By combining the comprehensive capabilities of Avaloq with the Aladdin Wealth platform’s advanced portfolio management capabilities, we have delivered a smooth and seamless launch that transforms the client experience.”
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