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Avaloq Extends Collaboration With Switzerland's Largest Cantonal Bank

Tom Burroughes

13 April 2017

Switzerland-based has extended its collaboration with Zürcher Kantonalbank, adding new areas over which the Avaloq Banking Suite will apply.

The firm’s banking service has been used at Switzerland’s largest cantonal bank for more than 10 years. Implementation of new development will start in the second quarter of this year, Avaloq said in a statement yesterday.

The bank has used the Avaloq Banking Suite to process securities transactions and handle fund administration since 2006. 

The bank also intends to use the Avaloq Wealth Advisory module for investment advisory services for third parties.