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…deeply rooted in banking.
Laying the groundwork
|1985||BZ Bank founds BZ Informatik.|
|1991||Partial management buy-out, management of BZ Informatik takes over 30% of the company’s equity capital.|
|1994-1996||BZ Informatik develops new banking system “AdvAntAge”, first implementation at a Swiss private bank.|
|The company has 5 employees, 1 customer and 500 users.|
Launch of the Avaloq Banking System
|1996-2001||BZ Informatik becomes Avaloq. Product and company carry the new brand. Barclays Wealth decides for Avaloq. Software implementation partnerships are built up.|
|2001||Employees and management take over 100% of the Avaloq equity capital.|
|2003||For the first time, Avaloq is implemented at a retail bank.|
Avaloq has 250 employees, 20 customers and 15,000 users.
An international leader in banking software
|2005-2006||Avaloq enters the Asian Market and distributes the Avaloq Banking Suite from Singapore. New customers in Luxembourg, Liechtenstein, Hong Kong and Guernsey. Coutts, LGT and Raiffeisen opt for the Avaloq Banking Suite.|
|2007||Avaloq opens branches in Luxembourg and Singapore.|
|2008-2009||The first subsidiary in Germany opens.|
|2010||Subsidiaries open in London and Hong Kong.|
|Avaloq has 1,200 employees from 40 nations, 45 customers and 40,000 users.|
A strong partner for the financial industry
|2011||Avaloq acquires a majority holding in B-Source, a leading Swiss BPO provider. The Development Centre in Edinburgh is inaugurated. A new subsidiary in Paris opens.|
|2012||Agricultural Bank of China opts for the Avaloq Banking Suite. In Germany, Avaloq acquires Höll Computer&Software GmbH. Avaloq takes a majority stake in quirin bank’s BPO business, creating Avaloq Sourcing (Deutschland) AG to offer professional outsourcing solutions.|
|2013||A subsidiary in Sydney, Australia opens. Deutsche Bank Switzerland outsources Wealth Management operations to Avaloq. SwissLife Banque Privée and HSBC Private Bank join the Avaloq Community, and so does Canaccord Genuity as first pure Wealth Manager.|
|2014||Avaloq opens another BPO Centre in Singapore. In Germany, İşbank and BHF-BANK opt for the Avaloq Banking Suite. Together with Raiffeisen, Avaloq founds ARIZON Sourcing AG to build, implement and run Switzerland’s best retail banking solution for over 300 Raiffeisen cooperative banks.|
|2015||The Avaloq group, an international technology driven financial services provider, has over 1,800 employees today. Almost 60,000 users worldwide operate the Avaloq Banking Suite. Avaloq aims at playing a leading role in shaping the financial industry’s future. Learn more about Avaloq’s mission here.|