Official website (http://www.avaloq.com/)
Avaloq
Sign in to saveAvaloq is a Swiss company that develops and provides the Avaloq Banking Suite software for core banking.
Official website
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avaloq.com →Link to the official site · 13,199 chars · not written by Vinony
~4 min read
Encyclopedic overview
4 sectionsContents
- Background
- Company history
- Current activities
- References
Avaloq is a Swiss company that develops and provides the Avaloq Banking Suite software for core banking.
==Background== Core banking includes information about customers, transactions and account balances. Banks have traditionally bought software for these purposes rather than developing it internally. More functions had to be added over the years as requirements changed, such as for online banking. The result has been very complex computer programs that can be difficult to manage. Coding changes for compliance with new regulations and for accommodating new products can be problematic.
Excerpted from Wikipedia’s “Avaloq” article, available under the CC BY-SA 4.0 licence.