13 December 2006

Raiffeisen places trust in Avaloq

The Raiffeisen Group has chosen Avaloq's core banking solution. In the next few years, it will replace a large proportion of its central banking applications by the Avaloq Banking System.

Zurich-based software firm Avaloq and the Raiffeisen Group signed contracts last week. The Avaloq Banking System is to standardise Raiffeisen's existing disparate IT infrastructure. In a first step, it will replace the central banking systems for payment transactions and the central bank.

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