Avaloq gets new core banking customer in Switzerland, Axion Swiss Bank
Axion Swiss Bank, a private bank focusing on asset management and consultancy, is migrating its technology to Avaloq’s BPO centre, Avaloq Sourcing Switzerland. On the way out is ERI’s Olympic core banking system.
With this move, Axion will be on the same technology set-up as its parent company, Banca dello Stato del Cantone Ticino (BancaStato) – a long-standing customer of Avaloq’s business process outsourcing (BPO) services.
The migration is expected to be completed by early 2017.
Marco Tini, CEO at Axion, anticipates “efficiency gains” and “a more agile way of operating”.
“By outsourcing certain areas to Avaloq, we free up resources that can be reinvested in client management and product services,” he comments.