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Raiffeisen Switzerland sheds its stake in core banking tech vendor Avaloq

Switzerland

Raiffeisen, the third largest banking group in Switzerland, is selling its 10% stake in core banking tech vendor Avaloq to private equity firm Warburg Pincus.

Edmond de Rothschild live with new core banking system, Avaloq Banking Suite

Edmond de Rothschild logo

Banque Privée Edmond de Rothschild (EDR) has gone live with a new core banking platform for its Swiss operations, Avaloq Banking Suite, supplied by Avaloq.

Avaloq signs core banking tech deal with Bank of Asia

Avaloq gets new core banking customer, Bank of Asia

Bank of Asia, a start-up digital bank in the British Virgin Islands focused on companies that have ties to Asia, has signed for the Avaloq Banking Suite core platform.

apoBank opts for Avaloq Banking Suite

Avaloq gets new core banking customer in Switzerland

Deutsche Apotheker- und Ärztebank (apoBank) has selected the Avaloq Banking Suite as it looks to increase operational efficiency via a digital strategy. As reported last year, apoBank was considering the implementation of Avaloq’s flagship core banking system. The two parties signed a contract to “analyse and elaborate how far the execution of the apoBank IT […]

New Avaloq go-live for BT Financial Group

Avaloq

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 in talks with private equity firms?

Major bank BPCE acquires challenger bank Fidor

Avaloq is rumoured to be talking to private equity (PE) firms. Suitors reportedly include New York-based KKR.

HSBC Private Bank live with new core banking system, Avaloq Banking Suite

Avaloq gets new core banking customer in Switzerland

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.

Axion Swiss Bank to replace legacy tech with Avaloq Banking Suite

Avaloq gets new core banking customer in Switzerland

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 to standardise core ops on Avaloq Banking Suite

Edmond de Rothschild logo

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 […]

Australian wealth manager Crestone live with Avaloq Banking Suite

Crestone logo

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 […]

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