Which element is NOT customizable in Avaloq ICE?

The element that is not customizable in Avaloq ICE is banking regulations. This is correct because banking regulations are established by external governing bodies and are therefore fixed to ensure compliance with legal requirements. Organizations must adhere to these regulations within their banking systems, which means they cannot customize or alter them through the Avaloq Integrated Customization Environment.

In contrast, user interfaces, business logic, and data models are all aspects of the Avaloq system that are designed to be customizable. User interfaces can be modified to meet the specific needs of the end-users, allowing for an improved user experience. Business logic can be tailored to align with an organization's unique processes and requirements, enabling more effective operation within the system. Similarly, data models can be adapted to accommodate different types of data storage and retrieval methods according to an institution's needs. Therefore, while the other elements can be customized to enhance user interactions and operational efficiency, banking regulations are mandatory standards that must be observed without customization.