back Back

Avaloq to implement SaaS solution as Degroof Petercam’s new core banking system

By Megha Bhattacharya

October 01, 2020

  • Avaloq
  • Belgium
Share

avaloqAvaloq announced today that it has signed an agreement with Belgium-based Banque Degroof Petercam. Under the new partnership, Avaloq will implement its Software as a Service (SaaS) as Degroof Petercam’s new core banking system with an aim to strengthen its IT platform as well as opportunities for growth.

Uwe Krakau, Regional Manager for EMEA, Avaloq, said, “We are absolutely delighted to welcome Banque Degroof Petercam as a client. An institution of this calibre, market presence and heritage once again underscores the strength and competitiveness of our SaaS offering and the central role Avaloq and our products are playing in the digital evolution of the wealth management industry. We are particularly pleased to have secured such a prestigious new client during a period of deep market disruption caused by the pandemic which, we believe, showcases the many advantages of a cloud-based service proposition.”

Avaloq stated that its SaaS solution would reduce the complexity of the legacy infrastructure and deliver integrated regulatory compliance. The SaaS platform will allow Degroof Petercam to focus resources on growth opportunities such as product innovation, new business models and channel development.

Recently, Avaloq announced a new partnership with AI startup Enterprise Bot. The collaboration will see Avaloq offering Enterprise Bot’s conversational customer service software to its banking and wealth management clients.

Bruno Colmant, CEO, Degroof Petercam, said, “Avaloq’s SaaS solution will enable us to yield benefits in terms of productivity, client centricity, risk avoidance, technical and business agility. It will contribute to enhance our product and digital offerings and further support our business model. The digitalization of the financial services sector continues at pace, and institutions such as ours need to adapt – and continue to remain agile and open to new opportunities – to maintain our leadership position.”

Previous Article

October 01, 2020

Ingenico Group launches Smart Self for Vending solution

Read More
Next Article

October 01, 2020

nexus by Standard Chartered partners with Sociolla in Indonesia

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Avaloq

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 19, 2024

Decentro elevates its DigiLocker Stack to secure KYC processes in India

Read More

April 19, 2024

Keytom launches Digital Asset-Focused Neobank

Read More

April 18, 2024

5 RegTech platforms streamlining finance compliance in India

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023