25 January 2007

FRS and Avaloq announce strategic partnership

Avaloq, one of the leading banking solution providers in Europe, and FRS, the leading global provider of regulatory compliance solutions, today announced a strategic partnership. This joint effort, the integration of FRS FinancialAnalytics and Avaloq’s Banking System ensures that banks stay in sync with today’s dynamic regulatory compliance and reporting environment, including prudential reporting requirements, Basel II and IFRS.

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