Avaloq announces signature of contract with SwissLife Banque Privée

Paris - 29 May 2013

Avaloq announces signature of contract with SwissLife Banque Privée

Avaloq, the international reference for integrated and comprehensive banking solutions, announces that SwissLife Banque Privée in France has decided to introduce the Avaloq Banking System. The choice was taken following an extremely stringent selection process.

SwissLife Banque Privée started a selection process at the beginning of 2012 in order to find a banking and equities software package which would both modernise its IT system and allow it to benefit from the latest developments, but also in order to prepare itself to seize new development opportunities. “The bank has significant plans to expand and has adopted a global, customer-centric approach. Avaloq will help us to roll out this strategy in operational terms while at the same time taking the lead as far as the quality of services is concerned,” clarifies Tanguy Polet, Managing Director of SwissLife Banque Privée.

The Avaloq Banking System offers numerous advantages which helped convince the bank:
the technical modernity of the software, an extremely wide range of functions as well as its ability to adapt to the needs of employees, customers and the specifics of the industry.

“Avaloq will allow us to increase our operational efficiency and to better meet the requirements of our present and future customers. The incredible parameterisation possibilities and the workflow structure of the software were key criteria in our decision-making process, as was the fact that the Equity module is fully integrated with the Cash modules,” declares Jean-Michel Claude, Research and Development Manager at SwissLife Banque Privée and manager of the project. Furthermore he stresses the pleasant collaboration: “A partnership was immediately established between our teams. We were able to meet up with banks in Switzerland and Luxembourg which use the Avaloq system – an indication of the good relations that Avaloq has with its customers.”

Tecla Solari, Managing Director of Avaloq for France, Southern Europe and Morocco, explains: “We are very proud that our first year on the French market is to end on a successful note accompanied by this top-end leader in the banking sector. Thanks to its innovative qualities, Avaloq has been able to meet the stringent specifications of Swisslife Banque Privée’s invitation to tender, which underpins our ambition of becoming an important player in the French market”.

For this project, Orbium, long-term strategic Avaloq partner, will assist the Avaloq France team. Orbium – one of Avaloq’s Premium Implementation Partners – is a consultancy company which is active in the financial sector and is present on the strategic markets of the private banking sector in Europe and Asia. “This is Orbium's first project in France. We are delighted to be able to contribute our expertise in the field of software and our experience of implementation projects in private banks,” declares Samir Gherbi, Orbium partner in charge of the project.

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