28 September 2016

Deutsche Apotheker- und Ärztebank and Avaloq start project to evaluate future cooperation

Deutsche Apotheker- und Ärztebank (apoBank) and Avaloq have signed a contract for a project to evaluate future cooperation. The project, which will run until the end of the first quarter 2017, will analyse and elaborate how far the execution of the apoBank IT strategy can be based on the Avaloq Banking Suite.

The bank’s objective is to create a further sustainable extension of its product offering and enhance its digital client experience. apoBank is looking to grow its presence with clients, who are predominately in the healthcare market, and cement its leading position within this industry. The increase of operational efficiency and the reduction of time to market for new products are additional factors which have contributed to apoBank’s decision for this extensive project. The evaluation project for the introduction of the Avaloq Banking Suite at apoBank will be carried out jointly by Hewlett Packard Enterprise, Orbium and Avaloq.

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