The solution is designed to recognise pricing opportunities and manage regulations such as Mifid 2 or the Swiss Financial Services Act (FIDLEG) which demands better oversight and comprehensive audit trails on financial products with regards to client fees.
Swiss fintech provider Avaloq has launched a new data analytics solution for banks and wealth managers to gain transparency on the impact of bespoke pricing for individual clients. The platform’s ‘fee designer’ enables to model both simple and complex periodic fee runs, and can help reduce fee implementation efforts by as much as 80%, according to Martin Greweldinger, chief product officer at Avaloq. “The new tool supports financial institutions to increase transparency
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