14 IN BRIEF
NEWS
Isbank has gone live with its new core banking system, Avaloq Banking Suite. The Frankfurt-based FI, which has a network of branches spanning
Germany, France, Switzerland, Bulgaria and the Netherlands, operates as a subsidiary of Turkey’s Türkiye İş Bankasi. It is the first retail and corporate focused bank to opt for the Avaloq solution.
İşbank CEO Burak Seyrek says: “Our growth strategy demands a modern, high quality technology platform. With Avaloq, we benefit from a high innovation rate together with synergies within the Avaloq community for things like regulatory requirements. We also now have a consistent system across several European countries. The resulting improvement in data quality enables us to better anticipate market needs and changes, and hence respond more fully to the demanding expectations our customers have in terms of quality.”
Alex Hamilton
Aviva bets on startups with Founders Factory investment
launched a year ago by Brent Hoberman and Henry Lane Fox, part of the team behind
Lastminute.com, and Jim Meyerle, who set up software company Evolv.
Founders Factory intends to provide capital and resources to 200-plus technology businesses over the next five years. Aviva has invested several million pounds in the venture and will be its exclusive financial services partner, working with seven startups, each year, over this period.
with technology incubator Founders Factory, which was U K insurance giant Aviva is partnering
Aviva’s attempts to remain relevant in the digital age have seen it open a “digital garage” in Shoreditch, East London, where it is developing services for its customers. It has also launched Aviva Ventures to invest
www.ibsintelligence.com © IBS Intelligence 2016
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