06 January 2006

ZKB introduces Avaloq to process security transactions

Since 3 January, the Zürcher Kantonalbank (ZKB) successfully uses the Avaloq Banking System for the processing of its securities transactions. Within the framework of the largest IT project in the history of ZKB, Avaloq's standard software replaced 23 of the applications previously used by the bank. The Avaloq Banking System reduces the the complexity of ZKB's IT landscape, thus enabling the bank to process transactions more efficiently, cut maintenance costs and shorten the time-to-market of new securities products.

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