Switzerland-based core banking software company Avaloq has announced a partnership with the private bank BG Suisse to enable the launch of their digital banking platform.
Avaloq's technology and services support BG Suisse in offering personalised banking services to its wealth management clients. BG Suisse is expected to receive formal approval from Swiss regulators later in 2022. BG Suisse is a wholly-owned subsidiary of Banca Generali, an Italy-based private bank.
The foundation of BG Suisse's digital banking platform will be Avaloq Core, delivered via a Software as a Service (SaaS) model. With its Business Process as a Service (BPaaS) solutions, Avaloq will operate parts of BG Suisse's back office. Avaloq Core forms the basis for the bank's transaction and data management. Avaloq's BPaaS solutions are designed to automate back-office functions and increase standardisation.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now