Global giant HSBC has deployed Avaloq’s flagship core banking solution, Avaloq Banking Suite, for its private banking operations. The system is now live in Switzerland and Luxembourg.
Australia-based BT Financial Group, a wealth management subsidiary of Westpac, has added new functionality – superannuation administration – to its core banking platform, supplied by Avaloq.
Avaloq is rumoured to be talking to private equity (PE) firms. Suitors reportedly include New York-based KKR.
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.
Banque Privée Edmond de Rothschild (EDR) is implementing a new core banking solution, Avaloq Banking Suite. It will be provided on a hosted basis by Avaloq, supporting EDR’s operations in Switzerland, Luxembourg and Monaco. Banking Technology understands that the contract was signed at the end of last year. EDR specialises in private banking and asset […]
Crestone, a wealth management business created out of UBS Wealth Management Australia, is now open for business, underpinned by Avaloq’s flagship core banking system. Avaloq Banking Suite supports front-to-back office operations of Crestone, multi-asset and multi-currency. Peter Scott, the vendor’s GM for Asia Pacific, says that Crestone was among the first users to apply Avaloq Banking […]
Private banking software vendor Avaloq is to gain two sites in Austria for its flagship core banking system, Avaloq Banking Suite. These are at the Austrian operations of LGT and Liechtensteinische Landesbank (LLB). Both banking groups originate from Liechtenstein and both are long-standing users of Avaloq Banking Suite at home and Switzerland. LGT also runs […]