Compagnie Bancaire Espírito Santo Goes Live with Avaloq

Zurich - 9 October 2006

Compagnie Bancaire Espírito Santo S.A. has successfully implemented Avaloq and now processes its entire banking transactions using the Avaloq Banking System.

As of last week, Compagnie Bancaire Espírito Santo S.A. (CBESSA), a private bank based in Lausanne, has been operating with Avaloq standard software. The bank now uses Avaloq as its core banking system. José Pedro Caldeira, CEO of CBESSA, expresses his satisfaction: “The introduction of the Avaloq Banking System was completed on schedule and within budget.”

It was a challenge for the project participants to migrate the entire banking transactions to the Avaloq Banking System. Francisco Fernandez, CEO of Avaloq, explains: "Espírito Santo went live with three separate units simultaneously from day one.”

The implementation partner was Orbium AG, whose team of experienced Avaloq specialists was responsible for the successful implementation of the project. The use of the Avaloq Model Bank allowed an early start of end-user training, and helped ensure a time-efficient implementation process.

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