Technology
Avaloq Migrates KBL (Switzerland) To New Platform After M&A Deal
This publication brings latest news of fintech developments in the world's wealth management industry.
Avaloq Sourcing Switzerland, previously known as B-Source, has
migrated KBL (Switzerland) to the business processing outsourcing
platform of Banque Internationale à Luxembourg (Suisse), a
process taking five months following a takeover deal.
In January 2015, Banque Internationale à Luxembourg (Suisse)
bought KBL (Switzerland), a wholly owned affiliate of KBL epb,
enabling BIL Suisse to double its assets under
management.
The Avaloq BPO solution entirely covers banking processes and
back-office services.
Switzerland-headquartered Avaloq has branches in Berlin,
Frankfurt, Geneva, Hong Kong, Leipzig, London, Lugano,
Luxembourg, Paris, Singapore, Sydney and Zurich. It has
development centres in Zurich, Edinburgh and Manila.
