Wealth management IT firm Avaloq has launched a new venture fund for startups, in a bid to lure new fintech firms into partnerships.

The Zurich-headquartered subsidiary,  Avaloq Ventures AG, will enable funding for fintechs partnering with Avaloq, for example, those offering their solutions on Avaloq’s Software Exchange. 

It aims to build on the growth of the Avaloq ecosystem and the global innovation drive in the fintech sector. Through dedicated funding and co-innovation within the Avaloq Community, banks and wealth managers should be able to innovate more quickly and provide new services to their customer...