Avaloq India Community Connect spotlighted India as a strategic growth market as Avaloq reinforced its long-term commitment to the country’s rapidly expanding wealth management sector during the Pune conference.
The event underscored how next-generation technology will enable wealth managers to meet the evolving expectations of Indian investors amid accelerating digital adoption and rising affluence.
Organised under the theme “Guide evolution. Driving innovation,” Avaloq India Community Connect brought together decision makers from leading finance, technology and advisory firms. Event partners included Accenture, HCLTech, Oracle, Synpulse, TecFinics, Vine InfoTech and Yashicaa Technology.
Attendees at Avaloq India Community Connect examined India’s rapidly maturing wealth landscape, driven by strong economic growth, expanding affluent segments and increasing digital penetration.
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India Emerges as a Next-Generation Wealth Market
At Avaloq India Community Connect, India was positioned as one of the world’s most important next-generation markets for wealth management. Rising affluence and intensifying competition are creating significant opportunities for financial institutions to modernize and expand their wealth offerings.
According to data from the World Bank, India remains the world’s largest recipient of remittances, with more than 35.4 million citizens living overseas and generating substantial cross-border wealth flows.
Discussions at Avaloq India Community Connect highlighted how many of these global investors now seek seamless, compliant and digitally enabled services within India, creating opportunities for domestic banks and wealth managers to attract assets that previously moved offshore.
A key driver shaping the conversations at Avaloq India Community Connect was the rise of India’s mass affluent population, defined as individuals with investable assets between ₹50 lakh and ₹5 crore.
This segment has become the country’s fastest-growing wealth cohort. Rising incomes, increasing financial literacy and a shift from traditional savings products toward diversified portfolios are fuelling demand for personalized advisory services. In turn, this trend is accelerating the need for advanced portfolio management tools among advisers.
Collectively, these factors reinforce the conclusions drawn at Avaloq India Community Connect that advanced, scalable technology platforms will be critical to supporting India’s expanding wealth ecosystem.
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Avaloq India Community Connect: Demand for Advanced Wealth Services and Personalized Advice
The Pune edition of Avaloq India Community Connect also highlighted Avaloq’s expanding footprint in India and its long-term strategic focus on the market.
On stage, Akash Anand, Regional Head for Middle East, Africa and Subcontinent India at Avaloq, addressed the pace of transformation in the country’s financial landscape.
“India’s financial landscape is changing at extraordinary speed, with the rise of affluent investors driving demand for more advanced wealth services and personalized advice. These clients expect sophisticated advisory and discretionary models, tailored portfolios and seamless digital journeys, which require specialized wealth platforms rather than relying on legacy retail systems.
Together with our partners, Avaloq aims to equip Indian financial institutions with scalable, future-ready technology that enables them to serve this new generation of investors and compete more effectively.”, Akash said
His remarks at Avaloq India Community Connect underscored the need for specialized wealth platforms capable of delivering discretionary models, tailored portfolios and seamless digital experiences.
Technology Shaping the Future of Wealth Management
Technology transformation formed a central pillar of discussions at Avaloq India Community Connect, particularly the acceleration of cloud adoption across India’s financial services sector.
Institutions are increasingly prioritizing scalability, agility and efficiency, with industry-aligned cloud solutions becoming essential to ensure compliance with local regulatory standards while enabling innovation.
Artificial intelligence was another major theme at Avaloq India Community Connect. One example presented at the event involved the automation of corporate actions processing – traditionally a manual and error-prone back-office function. The solution, jointly developed with NEC Corporation, demonstrated how AI can reduce costs, minimize operational risk and allow teams to focus on higher-value activities, with experts overseeing outputs and managing exceptions.
As highlighted throughout Avaloq India Community Connect, integrated platforms with harmonized data are increasingly necessary as firms seek to consolidate fragmented technology environments. Such platforms are expected to help reduce operational costs, meet regulatory obligations and support the launch of new investment products at scale.
Strengthening India’s Wealth Ecosystem
Closing Avaloq India Community Connect, Anirban Mukherjee, Managing Director for India at Avaloq, emphasized the company’s sustained investment in the region.
“Avaloq is committed to supporting financial institutions as they build and scale specialized wealth offerings, drawing on more than four decades of excellence in wealth management technology. Our community of partners, clients and colleagues in India has become one of the largest Avaloq ecosystems, reflecting both the strength of our relationships and India’s strategic role in the global fintech landscape. India is one of the world’s most dynamic growth markets for wealth management.
As the high-net-worth and mass-affluent segments expand rapidly, we see a significant opportunity to help financial institutions scale efficiently, elevate client service and build future-ready wealth propositions. We are dedicated to enabling this transformation through cutting-edge technology, a world-class partner ecosystem and continued investment in local talent and innovation at our Global Capability Centre in Pune.”
