Avaloq and Gazprombank go crypto for wealthtech
Banking technology supplier Avaloq and crypto infrastructure firm Metaco have partnered with Gazprombank, a Swiss bank, to implement their integrated crypto asset solution. The aim of this project is...
View ArticleAll Raiffeisen banks in Switzerland finally live on Avaloq
After some delay, all Raiffeisen banks at 900 sites in Switzerland have gone live on Avaloq’s core banking system. “IT history” According to Raiffeisen and Avaloq they have made “IT history” as one of...
View ArticleLGT completes Avaloq roll-out across group
The Austrian unit of LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, has gone live with the Avaloq Banking Suite. Austria welcomes its...
View ArticleBrewin Dolphin upgrades digital capabilities with Avaloq tech
Brewin Dolphin, one of the UK’s largest wealth managers, has selected Avaloq to transform its back-office infrastructure through Avaloq’s Software as a Service (SaaS) solution. “Built a detailed...
View ArticleAvaloq Community Conference 2019: readiness for an uncertain future
Avaloq Community Conference 2019 The Swiss banking software group set out the five basic steps for the bank sector to follow, with digitisation at the heart, reports Graham Buck. This week has seen...
View ArticleAvaloq buys Swiss structured products firm Derivative Partners
Avaloq has acquired fellow Swiss company, Derivative Partners, a structured products specialist, reports Martin Whybrow. Derivative Partners acquired by Avaloq The acquired niche company provides...
View ArticleBanque Morval and Intesa Sanpaolo unite on Avaloq’s core banking tech
Avaloq extends contract with Intesa Sanpaolo The core banking solution, provided on a Business-Process-as-a-Service (BPaaS) basis by Swiss vendor Avaloq, replaced the Ambit Private Banking system from...
View ArticleAvaloq lays groundwork for 2020 sale
Banking software firm Avaloq is making headway into its plans for a 2020 sale or public initial offering (IPO). Avaloq CEO Hunziger has said an IPO is only one option for the firm According to Reuters...
View ArticleAvaloq completes Derivative Partners acquisition
Swiss banking software firm Avaloq has completed its acquisition of compatriot firm Derivative Partners. Juerg Hunziger, Avaloq The acquired firm provides market information, tools, research and...
View ArticleBank Mandiri selects Avaloq Banking Suite to consolidate legacy wealthtech
Indonesia’s Bank Mandiri has selected Avaloq and its Avaloq Banking Suite to underpin its wealth division, which oversees $14 billion in assets under management. Avaloq has a number of clients in the...
View ArticleDBS Wealth Management extends ten-year partnership with Avaloq
Singapore-based DBS Bank and its wealth management division have extended a partnership with Swiss banking software firm Avaloq. DBS has been a user of the Avaloq Banking Suite since 2009 and was among...
View ArticleCovered Bond Bank migrates international branches to Avaloq Banking Suite
Three international branches of Covered Bond Bank (CBB) – New York, Singapore, Shanghai – have completed a transition to the Avaloq Banking Suite. CBB, a wholly-owned subsidiary of Nord/LB, and has an...
View ArticleAvaloq extends Actico partnership to integrate compliance tech
Swiss technology firm Avaloq has extended its partnership with compliance firm Actico in a deal that will embed its services into Avaloq’s systems. Actico’s Compliance Suite will be embedded as...
View ArticleDeutsche Bank signs 2028 contract extension for Avaloq tech
Deutsche Bank has extended its contract with banking technology provider Avaloq, in a deal which will see the latter continue to provide its systems for the Tier 1 bank in Asia and Europe until 2028....
View ArticleBank of the Philippine Islands deploys Avaloq Banking Suite as SaaS
Swiss banking technology firm Avaloq has deployed its flagship core banking system at Bank of the Philippine Islands (BPI) on a software-as-a-service (SaaS) basis. Bank of the Philippine Islands is the...
View ArticleAvaloq extends contract with First Abu Dhabi Bank in Switzerland
First Abu Dhabi Bank (FAB) has extended its contract with Avaloq in Switzerland for the latter’s business process-as-a-service (BPaaS) systems. Avaloq and FAB have worked together in Switzerland since...
View ArticleApoBank contracts auditors over ongoing IT transformation issues
German cooperative bank Deutsche Apotheker- und Ärztebank (apoBank) has appointed auditors to oversee a wholesale technology transformation featuring Avaloq core banking software. ApoBank has worked...
View ArticleBankia becomes Avaloq’s first Spanish banking client
Spanish financial institution Bankia has selected Avaloq to underpin its wealth management operations. It is the first Spanish client for Avaloq According to the vendor, the selection followed a...
View ArticleJapan’s NEC buys Swiss core banking firm Avaloq in $2.2bn deal
NEC, a Japanese electronics conglomerate, has announced its plans to buy Avaloq, a Swiss core banking provider, for CHF 2.05 billion ($2.2 billion). Major investor Warburg Pincus currently owns 45% of...
View ArticleSberbank Switzerland outsources core to Avaloq
Avaloq gains new live site in Switzerland Sberbank (Switzerland) AG, a Zurich-based subsidiary of Russian banking and tech giant Sber, has gone live with Avaloq’s Software-as-a-Service (SaaS) core...
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