Through a sub-licensing agreement, Avaloq will make it possible for T-Systems to offer banks wide-ranging services as an application service provider. In such cases T-Systems will take on the project implementation, IT infrastructure operation and management of the Avaloq application.
ASP customers benefit by having to outsource IT activities to only one partner. This simplifies contract arrangements and sets clear responsibilities. Customers also gain the advantage of having an experienced provider for standard bank solutions and a professional ICT service company as their partner for the implementation, operation and maintenance of the Avaloq Banking System. Gregor StÃ¼cheli, CEO of T-Systems Schweiz AG, adds: âThe new âT-Systems Avaloq Banking Solutionâ ASP service is an ideal combination of skills and cost advantages.â
Both companies are targeting the growing need of many banks to outsource part of their IT processes in order to concentrate on their core business. Francisco Fernandez, CEO of Avaloq, notes: âNew sourcing models are appearing constantly. The Avaloq Banking System is a standard solution which provides the flexibility and robust architecture required for new models.â