11 February 2010

Another Five Banks Go Live with the Avaloq Banking System

Another Five Banks Go Live with the Avaloq Banking System at the Same Time

The Avaloq Group, the Swiss market leader for standard banking software, has achieved another important milestone: at the beginning of January 2010, five banks simultaneously started using the Avaloq Banking System. With the successful implementation of the core banking system at NBAD Private Bank (Suisse) SA, NZB Neue Zürcher Bank, Baloise Bank SoBa, Bank Linth LLB AG and the Liechtenstein LGT Group, which will now also use the banking software in Germany and Singapore, Avaloq has again proven that the company has sufficient resources and expertise to successfully carry out several complex projects at the same time. This is not the first time Avaloq has enjoyed such success – one year ago, five banks, some of them internationally active, also went live with the Avaloq Banking System at the same time.

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Andreas Petrosino
Head Communication & Media Relations
+41 58 316 10 10
press@avaloq.com