BIL Suisse extends Avaloq digital banking partnership

By Milan Rojan

Banque Internationale à Luxembourg (Suisse) SA (BIL Suisse) has renewed its long-standing partnership with banking technology provider Avaloq, extending a collaboration that has supported the bank’s digital transformation and operational modernisation for more than a decade.

Tobias Kamber, General Counsel and Chief Operating Officer at BIL Suisse, said: “Avaloq has been a key partner on this journey, providing the technology that streamlines and enhances our front-, middle- and back-office operations.”

Under the renewed agreement, BIL Suisse will continue to use the Avaloq Platform as its core banking system through a software-as-a-service (SaaS) model. Avaloq will remain responsible for managing the platform, infrastructure and regulatory updates, enabling the private bank to scale its operations while maintaining compliance and operational resilience.

Christian Haux, Managing Director for Switzerland and Liechtenstein at Avaloq, added: “We will work closely with BIL Suisse to advance the bank’s digital transformation, delivering higher levels of automation and supporting a high-quality client experience.”

The partnership has already enabled BIL Suisse to automate key operational processes, including securities and funds processing, through Avaloq’s Banking Operations service. The service provides high levels of straight-through processing (STP), reducing manual intervention and improving efficiency across back-office functions.

The next phase of the collaboration has focused on innovation and expanding digital capabilities. Leveraging Avaloq’s open architecture, the two firms will work together to integrate third-party services securely, strengthen know-your-customer (KYC) processes and improve data connectivity to support more effective risk management and seamless data integration.

BIL Suisse, which has provided wealth management, investment, advisory and lending services to high-net-worth individuals, entrepreneurs and family-owned businesses, said the renewed partnership aligns with its strategy of combining personalised service with digital innovation.

The renewal reinforces BIL Suisse’s commitment to modernising its operations while expanding digital engagement capabilities and maintaining its boutique private banking model in the Swiss wealth management market.