Avaloq has entered the German market: since 1 January, the international Wealth & Asset Management Group LGT has been the first bank to use the Avaloq Banking System in Germany. In addition, the Swiss market leaders software is now also to be rolled out in Singapore. LGT Group successfully rolled out Swiss market leader Avaloqs banking software a year ago in Liechtenstein and Switzerland.
By implementing the Avaloq Banking System across the LGT Bank Germany, LGT is taking on a pioneering role and has achieved a competitive advantage in the German banking industry.
LGT Group is the first bank in Germany to begin using one of the most innovative systems in the area of banking software, says Francisco Fernandez, CEO of Avaloq Evolution AG. For Avaloq this represents a breakthrough in one of the most attractive markets outside Switzerland. Avaloq Banking System Release 2.7 meets all local requirements in Germany.
Avaloq opened a branch in Frankfurt am Main last November, thus emphasising the companys proximity to its customers and the market. Avaloq has a number of local consultant and service teams working out of Frankfurt am Main, thus ensuring rapid and direct client service on location. The German market is serviced from Switzerland by experienced Avaloq consultants alongside both existing and newly recruited specialists who are familiar with conditions in Germany.
D.C.