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Banque Morval, which merged with Intesa Sanpaolo Private Bank (Suisse) earlier this year, has moved onto Avaloq’s business process as a service solution.
The merger of Intesa Sanpaolo Private Bank (Suisse), the Italian Intesa Sanpaolo group’s Swiss private banking subsidiary, and Banque Morval, created a new legal entity called Intesa Sanpaolo Private Bank (Suisse) Morval.
Avaloq’s BPaaS solution was initially picked by Intesa Sanpaolo Private Bank (Suisse) to fast-track the integration of legacy systems and multiple client assets.
Intesa Sanpaolo Morval (Suisse) SA now has most of its private banking international business managed on Avaloq’s solution and the group is planning to move further international entities on to the solution, Avaloq said in a statement yesterday.
“Our solution enables institutions to radically change, simplify and enrich the way they run their processes and deliver tangible benefits, particularly with the integration of new products and services,” Jürg Hunziker, Avaloq’s chief executive, said.