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VP Bank Now Operating With Avaloq Software
Rachel Walsh
9 January 2009
The Liechtenstein-based
VP Bank group is now operating with
Avaloq’s
banking software system. Over the New Year, the group switched its IT platform
to the Avaloq system, after 18 months of development. As of 5 January, all of the bank’s transactions have
been processed via the Swiss company’s platform. In a statement, VP said the package enhances efficiency,
supports the implementation of its strategy and underscores the competitiveness
of the group. In the coming months VP will be gaining experience with the
new system and, if necessary, implementing optimisation measures to ensure a maximum
of client orientation. The system has been implemented in the banks bases in
Over 30 banks worldwide use the Avaloq banking system.