Avaloq and Wüest & Partner support banks with property valuation

Switzerland - 15 February 2007

Wüest & Partner and Avaloq today announced their cooperation. The two firms have jointly developed an application for property valuation which is fully integrated with the Avaloq banking system.

The consulting firm Wüest & Partner and Avaloq have been working together since January: Wüest & Partner’s integrated property valuation platform, combined with Avaloq’s loan initiation system, allows for a market driven and client focussed property finance consultancy service. This solution provides long term and reliable coverage of the local property market requirements for mortgage loans.

Urs Hausmann, a partner at Wüest & Partner, explains the benefits: „The application enables banks to provide consultancy services to their customers much more easily, as comprehensive location data as well as current market prices can be directly retrieved via the Avaloq Banking System.“ The new application is based on the extensive market development data pool of the Zurich consulting firm as well as the significant methodical and IT competencies of both firms.

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