Skip to content
GigaSpaces Logo GigaSpaces Logo
  • Products
    • InsightEdge Portfolio
      • Smart Cache
      • Smart ODS
      • Smart Augmented Transactions
    • GigaSpaces Cloud
  • Roles
    • Architects
    • CXOs
    • Product Teams
  • Solutions
    • Industry Solutions
      • Financial Services
      • Insurance
      • Retail and eCommerce
      • Telecommunications
      • Transportations
    • Technical Solutions
      • Operational BI
      • Mainframe & AS/400 Modernization
      • In Memory Data Grid
      • Transactional and Analytical Processing (HTAP)
      • Hybrid Cloud Data Fabric
      • Multi-Tiered Storage
      • Kubernetes Deployment
      • Streaming Analytics for Stateful Apps
  • Customers
  • Company
    • About GigaSpaces
    • Customers
    • Partners
    • Support & Services
      • University
      • Services
      • Support
    • News
    • Contact Us
    • Careers
  • Resources
    • Webinars
    • Blog
    • Demos
    • Solution Briefs & Whitepapers
    • Case Studies
    • Benchmarks
    • ROI Calculators
    • Analyst Reports
    • eBooks
    • Technical Documentation
  • Contact Us
  • Try Free

Avanza Bank Wins Banking Technology Award for Best Use of IT in Private Banking/Wealth Management Powered by GigaSpaces In-Memory Computing Platform

Subscribe to our blog!

Subscribe for Updates
Close
Back

Avanza Bank Wins Banking Technology Award for Best Use of IT in Private Banking/Wealth Management Powered by GigaSpaces In-Memory Computing Platform

author Karen Krivaa December 18, 2019
3 minutes read

New York, NY — December 18, 2019 — GigaSpaces, the provider of InsightEdge, the fastest in-memory real-time analytics processing platform, announced today that Avanza Bank AB, Sweden’s fully digital bank, has won the Banking Technology Award  for Best Use of IT in Private Banking/Wealth Management. The 20th annual Banking Technology Awards recognize excellence and innovation in the use of IT in financial services worldwide, and the people who make it happen.

Avanza leverages GigaSpaces leading in-memory computing platform as the underlying core software architecture to power its digital banking services, supporting the growing demand for instant response times and easy- to-use applications from any device.  Understanding the competitive market and delivering on customers’ expectations has increased Avanza’s customer base by 5X while contributing to their winning “Most Satisfied Savings Customers” ten years in a row according to the Swedish Quality Index.

“Customers are demanding greater speed, simplicity, personalization, and transparency which is driving a new generation of digital banking services,“ said Karen Krivaa, VP Marketing at GigaSpaces. “We are honored to help power Avanza’s customer-centric innovation and new open banking services with innovative and agile technologies.”

All of Avanza’s services including  open banking, on-line trading with real time trading recommendations, Avanza Zero, Sweden’s first no-fee fund, a green room for climate positive investment decisions, portfolio generator, easy and fast well-diversified personal portfolio creation, face recognition for banking apps, mortgage services and pension offerings are powered by GigaSpaces high performance, scalable, and distributed in-memory platform.

GigaSpaces in-memory platform provides the required high performance, availability, and elastic scaling so Avanza can focus on innovation. Avanza has almost one thousand microservices running today, introducing a new service on a weekly basis.  By running all their applications and services using GigaSpaces in-memory platform, Avanza delivers the best customer experiences with millisecond response times on all devices.

For more information about GigaSpaces and the Avanza Bank deployment, read here and download the case study.

 

About GigaSpaces

GigaSpaces provides the fastest in-memory computing platforms for real-time insight to action and extreme transactional processing.  With GigaSpaces, enterprises can operationalize machine learning and transactional processing to gain real-time insights on their data and act upon them in the moment.  The always-on platforms for mission-critical applications across cloud, on-premise or hybrid, are leveraged by hundreds of Tier-1 and Fortune-listed organizations worldwide across financial services, retail, transportation, telecom, healthcare, and more. GigaSpaces offices are located in the US, Europe and Asia.  More at www.gigaspaces.com  and www.gigaspaces.com/blog/

Contacts:

GigaSpaces

Karen Krivaa

t: +972542633799

karen.krivaa@gigaspaces.com

Spicetree Communications

Wes Rogers

t: +1-912-506-0869

wes.rogers@spicetreecom.com

 

CATEGORIES

  • Copied to clipboard

PRODUCTS, SOLUTIONS & ROLES

  • Products
  • InsightEdge Portfolio
    • Smart Cache
    • Smart ODS
    • Smart Augmented Transactions
    • Compare InsightEdge Products
  • GigaSpaces Cloud
  • Roles
  • Architects
  • CXOs
  • Product Teams
  • Solutions
  • Industry
    • Financial Services
    • Insurance
    • Retail and eCommerce
    • Telecommunications
    • Transportation
  • Technical
    • Operational BI
    • Mainframe & AS/400 Modernization
    • In Memory Data Grid
    • HTAP
    • Hybrid Cloud Data Fabric
    • Multi-Tiered Storage
    • Kubernetes Deployment
    • Streaming Analytics for Stateful Apps

RESOURCES

  • Resource Hub
  • Webinars
  • Blogs
  • Demos
  • Solution Briefs & Whitepapers
  • Case Studies
  • Benchmarks
  • ROI Calculators
  • Analyst Reports
  • eBooks
  • Technical Documentation
  • Featured Case Studies
  • Mainframe Offload with Groupe PSA
  • Digital Transformation with Avanza Bank
  • High Peak Handling with PriceRunner
  • Optimizing Business Communications with Avaya

COMPANY

  • About
  • Customers
  • Management
  • Board Members
  • Investors
  • News
  • Events
  • Careers
  • Contact Us
  • Book A Demo
  • Try GigaSpaces For Free
  • Partners
  • OEM Partners
  • System Integrators
  • Value Added Resellers
  • Technology Partners
  • Support & Services
  • University
  • Services
  • Support
Copyright © GigaSpaces 2021 All rights reserved | Privacy Policy
LinkedInTwitterFacebookYouTube

Contact Us