Intesa Sanpaolo Private Bank swaps ERI’s Olympic for Avaloq’s core banking tech
Avaloq Banking Suite replaced ERI’s Olympic core banking system, FinTech Futures understands.
Avaloq says the new tech “will enable the bank to accelerate its growth strategy of client acquisition and geographic expansion”. Intesa Sanpaolo’s private banking division recently embarked on an international expansion programme and was looking for a system that could be implemented “within a short period of time”.
“Avaloq used its tried-and-tested ready-for-business approach to bring Intesa Sanpaolo Private Bank Suisse live in the quickest time possible,” the vendor states. “This involved using a BPaaS solution based on a fully working, pre-tested standard, including the delivery of new digital channels, which significantly lowered costs and time to market.”