# The Avaloq group and ZürcherKantonalbank expand their collaboration
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-04-18
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: ZürcherKantonalbank Expands Collaboration with Avaloq Group
Meta Description: Learn how the largest cantonal bank in Switzerland is enhancing its services with the Avaloq Banking Suite. Find out more here.
URL: https://financedigest.com/the-avaloq-group-and-zurcherkantonalbank-expand-their-collaborationhtml

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The Avaloq group and ZürcherKantonalbank are expanding their collaboration and have signed contracts to this effect. This will involve adding new areas of application for the Avaloq Banking Suite, which has been used at ZürcherKantonalbank for over ten years. Implementation will begin in the second quarter of 2017.

As the largest cantonal bank and Switzerland’s fourth largest bank, ZürcherKantonalbank is expanding its ten-year collaboration with the Avaloq group and licensing additional functional modules of the Avaloq Banking Suite.

The bank has relied on the Avaloq Banking [Suite](https://www.financedigest.com/why-google-is-never-closed-for-maintenance-and-how-banks-can-follow-suit.html "Why Google is never closed for maintenance and how banks can follow suit") for processing its securities transactions and for fund administration since 2006. It benefits from the modularity of the Avaloq Banking Suite, which enables the seamless implementation of functional enhancements.

The Avaloq Portfolio Management module is to be added to the portfolio management [system](https://www.financedigest.com/a-report-on-global-clinical-trial-management-system-market-by-pmr.html "A Report On Global Clinical Trial Management System Market By PMR") currently used at ZürcherKantonalbank. The [bank is also planning to use the Avaloq Wealth Advisory module for investment advisory services](https://www.financedigest.com/the-role-of-fintech-in-disrupting-traditional-banking-services.html "The Role of Fintech in Disrupting Traditional Banking Services") for third parties.

“We have enjoyed very successful collaboration with Avaloq over the past ten years,” [says](https://www.financedigest.com/veterinary-suture-kit-market-will-generate-new-sales-opportunities-in-upcoming-year-says-fact-mr.html "Veterinary Suture Kit Market Will Generate New Sales Opportunities In Upcoming Year, Says Fact.MR") Regina Kleeb, Head of Programme Management for Investments and Pensions at ZürcherKantonalbank. “By [expanding the use of the Avaloq Banking Suite to include the Portfolio](https://www.financedigest.com/heineken-to-invest-300-million-in-brazil-to-expand-premium-beer-portfolio.html "Heineken to invest 0 million in Brazil to expand premium beer portfolio") Management module, we will benefit from a much more integrated processing platform and greater process efficiency. We can also broaden our business opportunities with the Wealth Advisory module for third parties – an [important factor when faced with the constantly changing](https://www.financedigest.com/plaque-disclosing-aids-market-important-changes-in-industry-dynamics-during-2022-2028.html "Plaque Disclosing Aids Market Important Changes in Industry Dynamics during 2022-2028") needs of clients in the intensely competitive financial sector.”

JürgHunziker, [Group Chief Markets Officer and Deputy CEO](https://www.financedigest.com/man-group-picks-all-female-top-team-as-ceo-ellis-retires.html "Man Group picks all-female top team as CEO Ellis retires") of Avaloq, believes “modularity is a significant advantage of the Avaloq Banking Suite. We can integrate additional functionality at ZürcherKantonalbank by [building on the Avaloq Banking](https://www.financedigest.com/building-the-bank-of-you.html "Building the Bank of You") Suite already used. We are delighted that we are expanding and developing our collaboration with ZürcherKantonalbank, and are confident that we are helping to make client advisory even better with our services.”


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