BT Financial Group, the wealth management arm of the Westpac Group, has selected Avaloq Banking Suite to launch a new Panorama operating platform.
Under the partnership, Avaloq Banking Suite using will provide more than 13,000 BTFG users with the ability to manage a broad range of investments in one single application.
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Additionally, Avaloq will provide core technologies to BT Financial Group’s new Panorama operating system.
BT Financial said that its next deliverable, which is a investment platform functionality, will be rolled out to the Panorama platform.
John Shuttleworth, general manager platforms and operations at BT Financial Group, said: "The contribution of Avaloq to the first release of BT Financial Group’s Panorama operating system has been significant."
Peter Scott, regional general manager Asia Pacific and executive board member, Avaloq, said: "The progressive adaptation of the Avaloq Banking Suite to the Australian financial platform sector opens up further local opportunities and other potential markets, in specifically the UK and also the Asia Pacific region."
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