Avaloq has announced an expansion of its collaboration with Zürcher Kantonalbank, beginning in the second quarter of 2017. This will involve adding new areas of application for the Avaloq Banking Suite, which has been in operation at the Swiss FI for over ten years.

The bank has been using the solution for processing its securities transactions and for fund administration. The Avaloq Portfolio Management module is now being added and it is also planning to implement the Avaloq Wealth Advisory module for investment advisory services for third parties.

“We have enjoyed a very successful collaboration with Avaloq over the past ten years,” says Regina Kleeb, Head of Programme Management for Investments and Pensions at Zürcher Kantonalbank. “By expanding the use of the Avaloq Banking Suite to include the Portfolio Management module, we will benefit from a much more integrated processing platform and greater process efficiency. We can also broaden our business opportunities with the Wealth Advisory module for third parties – an important factor when faced with the constantly changing needs of clients in the intensely competitive financial sector.”

 

by Scott Thompson
Scott is Senior Editor at IBS Intelligence. You can follow him on Twitter and contact him at: Scott.Thompson@ibsintelligence.com
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