Avaloq, a global leader in wealth management technology and services, reinforced India’s strategic role in its global expansion at Avaloq India Community Connect 2026 in Pune. The conference brought together decision makers from leading finance, technology and advisory firms, including event partners Accenture, HCLTech, Oracle, Synpulse, TecFinics, Vine InfoTech and Yashicaa Technology. The attendees explored India’s rapidly maturing wealth landscape, fuelled by strong economic growth, expanding affluent segments and accelerating digital adoption.
Next-generation market for wealth management
India is emerging as one of the world’s most important next‑gen markets for wealth management, creating significant opportunities for financial institutions to expand and modernize their wealth offerings. Rising affluence and increasing competition are driving demand for more sophisticated financial services.
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. Many of these global investors now seek seamless, compliant and digitally enabled services in India, creating opportunities for domestic banks and wealth managers to attract assets that previously moved offshore.
Another important factor is the rise of India’s mass affluent population, defined as individuals with investable assets between ₹50 lakh and ₹5 crore. This group has become the country’s fastest-growing wealth segment. Rising incomes, increased financial literacy and the shift from traditional savings products to more diversified portfolios are driving interest in personalized advisory services, which in turn is spurring demand for advanced portfolio management tools among advisers.
Together, these trends position India as one of the most promising markets for wealth management, where advanced technology will be critical to success.
Avaloq’s growth and investment in India
Held under the theme “Guide evolution. Driving innovation,” Avaloq India Community Connect examined the technological, regulatory and market forces driving the evolution of India’s wealth management industry. The event also highlighted Avaloq’s expanding presence in the country and the company’s long‑term commitment to the Indian market.
On stage, Akash Anand, Regional Head for Middle East, Africa and Subcontinent India at Avaloq, discussed the pace of change in the market. “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
Technology shaping the future of India’s wealth sector
Cloud adoption continues to accelerate across India’s financial industry as institutions seek scalability, agility and greater efficiency. For the financial sector, cloud solutions tailored to industry needs and aligned with local regulatory standards are becoming essential, enabling firms to innovate and scale operations with confidence.
Avaloq also outlined the growing role of artificial intelligence in improving efficiency. One example highlighted at the event was the use of AI to automate corporate actions processing, a traditionally manual and error-prone back-office function. The solution, jointly developed with Japan’s NEC Corporation, helps reduce costs, minimize risk and free up teams to focus on higher-value activities, with experts overseeing outputs and managing exceptions.
Closing the event, Anirban Mukherjee, Managing Director for India at Avaloq, emphasized the company’s sustained investment in the region. He said, “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.”
As the wealth sector expands, firms are also facing growing pressure to consolidate fragmented technology landscapes. Integrated platforms with harmonized data will therefore become essential for reducing operational costs, meeting regulatory requirements and launching new investment products at scale.
India’s rapidly evolving fintech ecosystem further underscores the importance of strong integration capabilities. Seamless connectivity between core banking systems, portfolio management tools, advisory platforms and external digital services is now central to delivering consistent, high‑quality client experiences.