List of Avaloq Core Customers
Avaloq Sourcing
Strada Regina 40,
Bioggio, 6934,
Switzerland
Bioggio, 6934,
Switzerland
41 58-806-50-00
Professional Services
600
$205M
Since 2010, our global team of researchers has been studying Avaloq Core customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased Avaloq Core for Core Banking from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using Avaloq Core for Core Banking include: RBC Wealth Management, a Canada based Banking and Financial Services organisation with 96165 employees and revenues of $40.41 billion, KBank, a Thailand based Banking and Financial Services organisation with 18795 employees and revenues of $6.48 billion, Pictet, a Switzerland based Banking and Financial Services organisation with 5000 employees and revenues of $3.41 billion, Barclays Bank US, a United States based Banking and Financial Services organisation with 7000 employees and revenues of $3.20 billion, Rothschild & Co, a France based Banking and Financial Services organisation with 4600 employees and revenues of $3.10 billion and many others.
Contact us if you need a completed and verified list of companies using Avaloq Core, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The Avaloq Core customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Aargau Cantonal Bank | Banking and Financial Services | 892 | $617M | Switzerland | Avaloq | Avaloq Core | Core Banking | 2013 | n/a |
In 2013, Aargau Cantonal Bank implemented Avaloq Core. The deployment established Avaloq Core as the bank's Core Banking platform to centralize account processing, customer records, and transaction orchestration across its Swiss business.
The Avaloq Core implementation encompassed Core Banking functional capabilities including customer and deposit management, payments processing, lending workflows, and central ledger accounting. Configuration work emphasized product definition, workflow automation for transaction lifecycle handling, and role based access controls consistent with Core Banking operational terminology.
Avaloq Core sits within Avaloq Group's product portfolio that includes BPaaS offerings and the avalo.one ecosystem, aligning the bank with a vendor suite that spans core processing and digital banking components. Operational coverage targeted retail, private and commercial banking functions and implicated front office, operations, IT, and compliance teams within the bank's Swiss footprint.
Governance changes associated with the implementation focused on centralizing core processing, standardizing operational workflows, and introducing strengthened control and auditability for transaction processing typical of Core Banking deployments. The implementation narrative positions Avaloq Core as the institutional backbone for ongoing banking operations at Aargau Cantonal Bank.
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Barclays Bank US | Banking and Financial Services | 7000 | $3.2B | United States | Avaloq | Avaloq Core | Core Banking | 2018 | n/a |
In 2018 Barclays Bank US implemented Avaloq Core as its Core Banking platform for US operations, establishing a centralized processing layer for transactional and account services. Avaloq Core was configured to support core banking workflows and to act as the backbone for account management, payments orchestration, ledger posting, and customer information management within the bank’s application estate.
The Avaloq Core deployment included standard Core Banking functional modules such as account servicing, payments processing, general ledger integration, and a configurable adapter framework for interfacing with downstream systems. Configuration work focused on transaction lifecycle control, posting rules, reconciliation touchpoints, and role based access to support banking operations and financial control processes.
Operational integration included multiple interface endpoints and adapters that were monitored as part of the Avaloq Core run state, notably CSD, AEB, FXTA, Avaloq Adapter, Sparta Adapter, and CGIX, across DEV, SIT, and UAT environments. Barclays built a centralized operational dashboard using Angular, Apache Camel, and Spring Boot to automate server status checks and environment health monitoring, removing manual URL testing and providing real time visibility into interface connectivity.
Governance and operational teams involved included Testing, Configuration, and Interface teams, which used the centralized dashboard to accelerate incident identification and triage. The operational tooling explicitly reduced server connectivity check time by 70 percent and halved resolution time for server issues, improving monitoring efficiency around the Avaloq Core deployment.
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Basler Kantonalbank | Banking and Financial Services | 1284 | $475M | Switzerland | Avaloq | Avaloq Core | Core Banking | 2016 | n/a |
In 2016, Basler Kantonalbank implemented Avaloq Core as its Core Banking application. The deployment established Avaloq Core as the central platform for core account and transaction processing within the bank's Swiss operations, with explicit operational ownership by IT Services and product and securities teams.
The implementation covered Avaloq Basic Products, Trading, Securities/Settlement, Tax-Engine, Cost & Fees, Advisory/Portfolio Management, and Card modules. Configuration work emphasized product catalog management, front-to-back trading workflows, custody and settlement processing, tax calculation orchestration, fee schedule enforcement, portfolio advisory workflow support, and card lifecycle management within the Avaloq Core application.
Operationally the Avaloq Core rollout aligned with the bank's internal IT services and asset management application landscape, embedding front-office advisory and portfolio management processes into a centralized back-office processing model. Architecture choices prioritized integrated front-to-back processing and automation inside Avaloq Core to reduce manual handoffs between trading, settlement and advisory functions.
Governance and ongoing stewardship were retained by IT Services together with product and securities leadership, formalizing Avaloq Core into product governance, operations and advisory workflows. Avaloq Core is described in Basler Kantonalbank materials as the bank's Core Banking platform supporting trading, custody, tax, fees and card operations across its Swiss business functions.
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Deutsche Bank Switzerland | Banking and Financial Services | 600 | $315M | Switzerland | Avaloq | Avaloq Core | Core Banking | 2014 | n/a |
In 2014 Deutsche Bank (Switzerland) completed migration of its banking platform to B-Source Master, the Swiss BPO platform based on the Avaloq Banking Suite, implementing Avaloq Core as its designated Core Banking application. The program targeted back office support for the bank's private banking activities and was executed under a provider operated model after the Avaloq Group assumed operational responsibility for Deutsche Bank (Switzerland) back office operations.
Avaloq Core was configured to provide standard core banking functional modules including account and ledger processing, transaction and payments processing, client master data management, reconciliation and compliance workflow capabilities consistent with Core Banking deployments. Configuration work emphasized private banking workflows and back office automation to align with B-Source Master operational procedures.
The deployment used the B-Source Master Swiss BPO architecture based on the Avaloq Banking Suite, centralizing back office processing under Avaloq operational management. Rollout completed in a 13 month program timeline, with cutover and operational handover aligned to the BPO service model and ongoing back office operations managed by Avaloq.
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KBank | Banking and Financial Services | 18795 | $6.5B | Thailand | Avaloq | Avaloq Core | Core Banking | 2017 | n/a |
In 2017 KBank implemented Avaloq Core to address Core Banking needs for its private banking and wealth management business. The deployment replaced Temenos T24 and was scoped to upgrade customer service infrastructure while strengthening client relationship management and risk management capabilities within the private banking line.
Avaloq Core was configured to support private banking and wealth management workflows, with emphasis on CRM driven advisory processes, portfolio and order management, client onboarding automation, and embedded risk controls. Configuration centered on centralizing customer and AUM data to standardize front-office advisory operations and to streamline middle-office reconciliation and compliance workflows.
The implementation targeted KBank’s private banking business group in Thailand, where the bank manages around $20 billion in assets under management, and represented Avaloq’s first project in Thailand. Operational coverage focused on account servicing, transaction processing, advisory workflow orchestration, and risk management across the bank’s wealth management function.
Governance for the rollout emphasized process transformation across client advisory and risk teams, with staged adoption to align operating procedures and compliance controls to the Avaloq Banking Suite. The program was positioned to modernize customer service infrastructure and internal processes rather than to deliver quantified financial outcomes within the disclosed materials.
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Banking and Financial Services | 300 | $30M | Austria | Avaloq | Avaloq Core | Core Banking | 2016 | n/a |
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Banking and Financial Services | 5000 | $3.4B | Switzerland | Avaloq | Avaloq Core | Core Banking | 2008 | n/a |
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Banking and Financial Services | 2200 | $617M | United Kingdom | Avaloq | Avaloq Core | Core Banking | 2021 | n/a |
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Banking and Financial Services | 96165 | $40.4B | Canada | Avaloq | Avaloq Core | Core Banking | 2012 | n/a |
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Banking and Financial Services | 4600 | $3.1B | France | Avaloq | Avaloq Core | Core Banking | 2011 | Avaloq Sourcing |
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Buyer Intent: Companies Evaluating Avaloq Core
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| Logo | Company | Industry | Employees | Revenue | Country | Evaluated | ||
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FAQ - APPS RUN THE WORLD Avaloq Core Coverage
Avaloq Core is a Core Banking solution from Avaloq.
Companies worldwide use Avaloq Core, from small firms to large enterprises across 21+ industries.
Organizations such as RBC Wealth Management, KBank, Pictet, Barclays Bank US and Rothschild & Co are recorded users of
Avaloq Core for Core Banking.
Companies using Avaloq Core are most concentrated in Banking and Financial Services, with adoption spanning over 21 industries.
Companies using Avaloq Core are most concentrated in Canada, Thailand and Switzerland, with adoption tracked across 195 countries worldwide. This global distribution highlights the popularity of Avaloq Core across Americas, EMEA, and APAC.
Companies using Avaloq Core range from small businesses with 0-100 employees - 0%, to mid-sized firms with 101-1,000 employees - 27.27%, large organizations with 1,001-10,000 employees - 54.55%, and global enterprises with 10,000+ employees - 18.18%.
Customers of Avaloq Core include firms across all revenue levels — from $0-100M, to $101M-$1B, $1B-$10B, and $10B+ global corporations.
Contact APPS RUN THE WORLD to access the full verified Avaloq Core customer database with detailed Firmographics such as industry, geography, revenue, and employee breakdowns as well as key decision makers in charge of Core Banking.