Falcon Private Bank, the Swiss firm, has migrated to the B-Source Master platform, an Avaloq-based banking application.

All three of Falcon’s banking locations in Switzerland, Hong Kong and Singapore were migrated after a 15-month process, B-Source said in a statement.

Orbium, a long-standing partner of B-Source, was also involved in the implementation programme.

"The main reason behind our decision was B-Source's experience in international outsourcing business, as we wanted to migrate several locations to the new banking system at the same time," Tobias Unger, chief operating officer of Falcon Private Bank, said.