Germany’s Isbank migrates to Avaloq core banking system

Frankfurt am Main-based Isbank has deployed the Avaloq Banking Suite as its new core banking system

Frankfurt am Main-based Isbank, the European arm of Türkiye Is Bankasi, has deployed the Avaloq Banking Suite as its new core banking system.

Avaloq Banking Suite comprises a fully integrated, modular banking solution with back, middle and front office functionalities. The suite features customisable modules to suit the unique needs of each customer.

Isbank CEO Burak Seyrek said: “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.”

Avaloq general manager Central & Eastern Europe Klaus Rausch said: “The roll-out of the Avaloq Banking Suite will give Isbank simplified, standardised processes. This will help secure Isbank’s high quality standards and boost its operating efficiency. We’re delighted to have successfully implemented an Avaloq solution for yet another bank in Germany.”

Isbank focuses on corporate and retail banking, and comprises branches in Germany, France, Switzerland, Bulgaria and the Netherlands.