Frankfurter Bankgesellschaft implements Avaloq Banking System

Frankfurter Bankgesellschaft has implemented the Avaloq Banking System as a full-service private banking solution at its head office in Zurich.

The private bank, which is part of the German Savings Banks Finance Group, has implemented the Avaloq Banking System into operation at its head office in Zurich and is considering its use at its subsidiary in Frankfurt.

Bruno Döbeli, COO of Frankfurter Bankgesellschaft said: “The comprehensive functional coverage of the Avaloq Banking System in wealth management was critical to our decision, as was its multi-GAAP (Generally Accepted Accounting Principles) capability. Avaloq also produces impressive results in straight-through processing from front to back office.”

The Avaloq Banking System, implemented in collaboration with Swisscom IT Services, was chosen for its multi-entity capability and advanced wealth management functionality. The bank has also implemented the e-Services banking solution from Swisscom.

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