# Deutsche Apotheker- und Ärztebank signs contracts with Avaloq to accelerate its digital transformation Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-10-12 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: apoBank partners with Avaloq for digitalisation Meta Description: apoBank partners with Avaloq to enhance digital client experience, expand product offering, and increase operational efficiency. URL: https://financedigest.com/deutsche-apotheker-und-arztebank-signs-contracts-with-avaloq-to-accelerate-its-digital-transformationhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd121017-26-1736843387616-compressed.jpg) Deutsche Apotheker- und Ärztebank (apoBank) has appointed Avaloq to take its digitalisation to the next level. The Avaloq Banking Suite offers all benefits of an innovative, yet market-proven solution for apoBank to consequently execute its digital strategy. Avaloq’s involvement will expand the bank’s product offering and enhance the digital client experience. apoBank’s decision follows an initial evaluation period and pre-project with Avaloq which commenced in September 2016. Following this successful pre-project, apoBank [made the strategic](https://www.financedigest.com/uks-made-com-to-cut-jobs-and-launch-strategic-review.html "UK’s Made.com to cut jobs and launch strategic review") decision to partner with Avaloq and implement the well-established Avaloq Banking Suite, Avaloq’s digital and core banking software. Avaloq’s proven track-record and ability to support [banks in shaping and executing](https://www.financedigest.com/u-s-bank-executives-raise-concerns-over-inflation.html "U.S. bank executives raise concerns over inflation") their digital strategy, as well as the software’s comprehensive functional range, were decisive factors in the bank’s decision-making process. apoBank has a clear [growth strategy](https://www.financedigest.com/camphor-market-in-depth-analysis-growth-strategies-and-comprehensive-forecast-to-2030.html "Camphor Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2030Camphor Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2030") based on extending its product offering and enhancing the digital client experience. Avaloq will play a critical role in executing the [bank’s digital](https://www.financedigest.com/being-the-best-digital-bank-is-not-enough.html "Being the Best Digital Bank is Not Enough") strategy, and its technology will also lead to increased operational efficiency. Avaloq’s solution is flexible and scalable, two [key factors](https://www.financedigest.com/automotive-air-vent-assembly-market-size-key-players-growth-factors-regions-and-applications-industry-forecast-by-2027.html "Automotive Air Vent Assembly Market Size, Key Players, Growth Factors, Regions and Applications, Industry Forecast by 2027") to build the IT setup of apoBank on a future-proof foundation. apoBank and its clients will thus benefit from a reduced time to [market for innovative products](https://www.financedigest.com/the-cancer-supportive-care-products-market-to-stay-innovatively-persistent.html "The Cancer Supportive Care Products Market to stay innovatively persistent"). Furthermore, the Avaloq solution will comply with all regional regulations and the specific IT requirements of the European [Central Bank](https://www.financedigest.com/central-banks-ease-off-on-rate-hike-push-in-october.html "Central banks ease off on rate hike push in October") (ECB). The implementation of the Avaloq Banking Suite at apoBank will be carried out jointly by DXC Technology, Orbium and Avaloq. The project starts immediately, while Avaloq is continuously extending its resources, including the [teams which already cooperated in the successful](https://www.financedigest.com/a-winning-team-how-corporate-champions-can-drive-successful-collaborations.html "A winning team: how ‘corporate champions’ can drive successful collaborations  ") pre-project. “Becoming the partner of choice for apoBank, which is renowned for serving medical professions, fills us with pride and is testament to the strength, quality and effectiveness of our digital solution for retail and corporate banking”, said JürgHunziker, Deputy Group CEO and Group [Chief Markets Officer](https://www.financedigest.com/future-market-insights-appoints-aditi-basu-as-chief-marketing-officer.html "Future Market Insights Appoints Aditi Basu as Chief Marketing Officer"), at Avaloq. “We are delighted to welcome apoBank to the Avaloq Community. We will build on the [momentum we have gained](https://www.financedigest.com/bone-densitometers-market-to-gain-momentum-owing-to-increasing-cases-of-bone-disorders-especially-among-geriatric-population.html "Bone Densitometers Market To Gain Momentum Owing To Increasing Cases Of Bone Disorders Especially Among Geriatric Population") with this new partnership to further increase our footprint and build our position in Germany and the European Union”, JürgHunziker continues. “This project is a lighthouse project for DXC in the banking sector. It proves our capabilities to lead [digital transformations](https://www.financedigest.com/world-class-finance-digital-transformation-and-analytics-based-decision-making-among-key-imperatives-for-creating-finance-agility.html "World-Class Finance: Digital Transformation and Analytics-Based Decision Making Among Key Imperatives for Creating Finance Agility") and confirms our position as one of the main IT provider for Banking in North and Central Europe. apoBank will benefit from our leading-edge capabilities in advisory, applications, security, cloud, and workplace combined with our industry-specific banking know-how. We are looking forward to continue working with apoBank”, said Michael Eberhardt, Vice President & General Manager North & [Central Europe](https://www.financedigest.com/analysis-runaway-prices-have-central-europe-on-the-ropes.html "Analysis-Runaway prices have central Europe on the ropes") for DXC Technology. As an Avaloq [premium implementation partner](https://www.financedigest.com/passendo-partners-with-leading-media-company-audienzz-to-revolutionise-its-ad-offer-in-a-portfolio-of-over-70-premium-newsletters.html "Passendo partners with leading media company, audienzz, to revolutionise its ad offer in a portfolio of over 70 premium newsletters"), we are thrilled to support apoBank with this initiative. With our blend of strategic business and systems implementation consulting, we will help apoBank stay ahead,” said Roger Frei, Partner at Orbium. “We are looking forward to joining forces with Avaloq to deliver a [leading digital solution](https://www.financedigest.com/bny-mellons-new-solution-leads-the-digital-bill-pay-revolution.html "BNY Mellon’s New Solution Leads the Digital Bill-Pay Revolution") for the German market and build on our international presence.” --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---