28 January 2009
LBBW Luxemburg S.A. introduces Avaloq Banking System
The first Luxembourg bank has gone live with one of the most innovative systems in the banking software field. On 5 January 2009, LBBW Luxemburg S.A. successfully commissioned the Avaloq Banking System. This has enabled the bank to create a competitive advantage for itself in the Luxembourg banking centre. Alongside LBBW Luxemburg, other renowned finance companies – Raiffeisen Switzerland, Vontobel Bank, plus the two Liechtenstein banks VP Bank Group and LGT Group – are also relying on the Swiss company's banking software. With this, Avaloq has achieved an important milestone in its internationalisation strategy.