Avoka is celebrating its second year in a row of topping expectations. The company has experienced big gains in order numbers (79% overall, 67% new business), opened a new office in Frankfurt, Germany, and launched a new solution to help FIs build and implement their visions for an omni-channel experience.
Avoka’s success in Europe, North America, and Australia over the years has resulted in turning four out of Australia’s top 10 banks, four out of Europe’s top 50 banks, and eight out of North America’s top 50 banks into Avoka clients. Avoka’s investments in talent include appointing former KPMG executive Matt Lewis as Chief Financial Officer in February, and hiring former CA Technologies VP Steve Demchuk as Chief Product Officer in March.
Pictured: Avoka Director of Business Development, Hali Khan, demonstrating Transact Insights at FinovateEurope 2017.
Earlier this year, the company presented its 2017 State of Digital Sales in Banking report, looked at how quickly banks were embracing digital financial technologies. Concluding that there is a significant lag between adoption of consumer-based digital banking technologies compared to corporate banking offerings, the report noted that this meant substantial opportunity for fintech solutions exists in the corporate banking space, particularly in historically profitable business lines such as business banking and wealth management.
A multiple-time Finovate Best of Show winner, Avoka has raised $12 million in funding, and includes Moelis Australia Asset Management and Regal Funds Management among its investors.