Four Swiss Cantonal Banks partner Avaloq on mobile banking modernisation

By Puja Sharma

A group of regional cantonal banks – Basellandschaftliche Kantonalbank, Basler Kantonalbank with Bank Cler AG, St. Galler Kantonalbank AG and Thurgauer Kantonalbank have partnered with Avaloq to enhance mobile banking services for around one million clients in Switzerland.

The initiative is the result of close collaboration among four cantonal banks to jointly assess and select technology partners that best support their digitalisation strategies while enhancing client experience. The project will see the banks migrate to Avaloq’s new mobile banking capabilities through a phased approach.

Manuel Niederkofler, Head of IT at Thurgauer Kantonalbank, representing the community of cantonal banks, said: “This initiative demonstrates how collaboration among cantonal banks can support the digitalisation of banking and improve client experience. We selected Avaloq for this project based on its proven track record in core banking, sustained investment in research and development, and its Swiss roots, as well as a collaborative approach to innovation for the long-term benefit for our clients.”

The new mobile app developed by Avaloq improves usability, performance and flexibility, while providing a stable foundation for future development. It includes trading and portfolio management, configurable dashboards, real-time notifications, Apple and Google Pay integration, credit card management and allows the banks to independently add features over time.

Beyond the technology rollout, the project is intended to serve as a blueprint for stronger collaboration among cantonal banks. By sharing experience and aligning innovation efforts, participating banks aim to strengthen digital capabilities and sustainably enhance the client experience.

Christian Haux, Managing Director for Switzerland and Liechtenstein at Avaloq, said: “We are proud to be the chosen technology partner for this initiative, working closely with cantonal banks to develop and deploy a mobile banking solution aligned with the needs of their clients in Switzerland. With rising expectations for intuitive digital services and self-service, mobile banking has become a clear priority for financial institutions, and we are committed to ensuring that our clients can offer a modern, user-friendly mobile banking experience.”