The bank will see you now…
Germany-based Deutsche Apotheker-und Ärztebank (apoBank) is considering the implementation of Avaloq’s flagship core banking system.
The two parties have signed a contract to “analyse and elaborate how far the execution of the apoBank IT strategy can be based on the Avaloq Banking Suite”, Avaloq says.
The bank – which primarily focuses on servicing the healthcare market – is looking to increase operational efficiency, speed up time-to-market for its new products and enhance its digital proposition to clients, says Avaloq.
Banking Technology understands that apoBank is currently using the Core24 core banking system, supplied by FIS.
The project will run until the end of Q1 2017. It will also involve Orbium, a Swiss IT consultant and integrator (and a long-standing partner of Avaloq), and Hewlett-Packard Enterprise.