15 February 2012
Avaloq group wins first customer from China
Avaloq group, the reference for integrated and comprehensive banking software solutions today announced the signing of an implementation contract with Agricultural Bank of China Limited, Hong Kong Branch.
This signature marks an important advance in Avaloq’s internationalisation strategy, as Agricultural Bank of China Limited, Hong Kong Branch is Avaloq’s first customer among Mainland Chinese-owned banks. The bank is headquartered in Beijing and is the third largest financial institution in China.
Francisco Fernandez, CEO of Avaloq group is pleased to announce the successful negotiations: “With this new customer Avaloq group proved the value of its investments into the APAC region. I’m certain that with the support of our offices in Hong Kong and Singapore, soon more banks from APAC will benefit from the diverse advantages of the Avaloq Banking System."