PostFinance relies on Avaloq Banking System
In the finance industry the industrialisation process is in
full swing. New technology is leading to the emergence of completely
new business models. Thanks to new technology, the sale of financial
products is already freeing itself from production. A milestone in this
process is PostFinance's mortgage model that PostFinance, using the
Avaloq Banking System, will start running in May of 2003. The combination
of PostFinance as distributor and customer bank, Avaloq as technology
partner and UBS as risk taker and producer redefines the value chain
for credit products. Further business areas will follow.
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