Deutsche Bank (Switzerland) has migrated its core banking platform at the wealth management operations back office to the B-Source Master, Avaloq’s Swiss Business Process Outsourcing (BPO) platform.
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Avaloq’s BPO centre in Switzerland, B-Source, will deliver business process outsourcing and operations of the Avaloq Banking Suite to Deutsche Bank (Switzerland).
The B-Source Master, based on the Avaloq Banking Suite, provides extensive coverage for banking processes including back-office services.
The transformation project follows Avaloq’s takeover of operational responsibility for the wealth management operations back office of Deutsche Bank (Switzerland).
Marco Bizzozero, CEO Deutsche Bank (Switzerland), said: "The migration of the operational platform and the outsourcing of support processes allow us to concentrate on our strengths and to free up resources for our core business: client advisory and investment management. With this Deutsche Bank (Switzerland) is further extending its leading position in international wealth management."
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By GlobalDataFrancisco Fernandez, CEO of Avaloq group, said: "I am pleased to welcome Deutsche Bank (Switzerland) Ltd as an important customer in our growing BPO community and consider this successful migration as a powerful reference for other tier one banks."
