Avaloq appoints Comit as implementation partner in Singapore
ConvergenceAsia staff
21/08/2009

Avaloq, the Swiss market leader for banking software, has appointed Comit AG, the IT solutions provider for the financial services industry as its implementation partner for the Singapore market.

Avaloq and Comit AG have been working together closely in Switzerland for 11 years. The proven partnership is now to take on an international dimension. Comit AG, which has held the status of a premium implementation partner for the core banking solution Avaloq Banking System in Switzerland since 1 July 2006, is Avaloq's official implementation partner for the Southeast Asian city state.

Comit has been present in Singapore since 2006, where it has a workforce of 20 managing local implementation projects. More than 10 per cent of Comit AG's revenues already stem from international project business.

Francisco Fernandez, CEO of Avaloq Evolution AG, said the Singapore location is of fundamental importance to Avaloq's internationalisation strategy. “The expansion of our partnership with Comit is testimony to our company's commitment to Southeast Asia," he added.

The Avaloq Community has grown further with the intensification of the partnership with Comit AG. This network of excellence brings together Avaloq, its customers and all its partners in a “hub”, in which first-rate partners in the fields of implementation, software, services and technology can pool above-average core competencies and together develop and drive forward innovative and efficient solutions at different levels.

Marcel Walker, CEO of Comit AG said, "We have continually strengthened our presence in Southeast Asia over the past few years and provide our customers and partners with support from our Singapore office.”

“The implementation of core banking systems is one of our company's core competencies. For this reason, we now look forward to pressing ahead together with Avaloq with interesting projects in Singapore."

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