Debtset – Bailiff-Sheriff Aust MEMBER Login
BT Financial Group drives ‘wealth platform’ with Avaloq
BT FINANCIAL GROUP is using the Avaloq Banking Suite on its new BT Panorama Operating Platform to create new opportunities for its national and international expansion.
The Avaloq implementation for BT Financial Group’s new Panorama operating system is also Avaloq’s first entry to the global wealth ‘platform’ market. 
BT Financial Group, the wealth management arm of the Westpac Group, successfully reached its first milestone in the implementation of the Avaloq Banking Suite last week, with the platform replacing seven heritage systems. It will allow more than 13,000 BT Financial Group users to manage a broad range of investments via a single application.
The first phase recently went live with the launch of the cash/term deposit component of the platform. The next deliverable, investment platform functionality, is currently being rolled out to the Panorama platform.
“The contribution of Avaloq to the first release of BT Financial Group’s Panorama operating system has been significant,” said BT Financial Group general manager for platforms and operations, John Shuttleworth.
“We are looking forward to continuing this relationship as we roll out this important new phase in Australian financial services.”
Avaloq regional general manager for Asia Pacific, Peter Scott said, “Going live with BT Financial Group is an important milestone in our expansion plans for the region. The progressive adaptation of the Avaloq Banking Suite to the Australian financial ‘platform’ sector, positions us for local growth and other markets.
“We anticipate future interest from the UK and also the Asia Pacific region, where demand for these solutions continues to grow,” he said.
The Avaloq group has developed a reputation for the highest standards in innovative engineering is understood to invest more in research and development (R&D) than any other provider for the financial industry.
Avaloq is positioned as the only independent provider for the financial industry to both develop and operate its own software. Business process and information technology (IT) outsourcing solutions (BPO) are offered from Avaloq’s BPO centres in Switzerland and Germany, while new BPO centres are being set up in Luxembourg and Singapore.
The company employs more than 1,400 banking and IT specialists and has a global customer base of more than 100 financial institutions in over 20 countries, including tier one banks in the most demanding financial centres.
Headquartered in Switzerland, Avaloq has branches in Berlin, Frankfurt, Geneva, Hong Kong, Leipzig, London, Lugano, Luxembourg, Paris, Singapore, Sydney and Zurich. It has development centres in Zurich and Edinburgh as well as a development support centre in Manila.
ends
