Avaloq’s Business Process as a Service (BPaaS) solution was selected by Intesa Sanpaolo Private Banking Suisse in April 2018
to fast-track the integration of legacy systems and new client assets. The deal involved using the BPaaS solution based on a fully working, pre-tested standard, including the delivery of new digital channels, which the suppleir claims significantly lowers costs and time to market.
Functionality of Avaloq Banking Suite
Current and savings accounts, mortgages and guarantees, collateral loans, secured and unsecured advance facilities, credit limit management, credit processing and administration, safe deposit box, cash withdrawals/deposits/currency exchange, drafts and bills, cheque management, payments, file processing (eg credit and debit cards). Cash settlement and reconciliation. Loans and deposits, funds transfer. Trade finance. Islamic banking support, service channels including web banking, mobile banking, cashier desk and contact center, client management and advisory, payment processing, investment and trading, lending and credit functionalities, risk and compliance.
