Successful Avaloq Implementation at LBBW Luxemburg
Zurich/Luxembourg, 20th February 2009 – Orbium has successfully completed the implementation of Avaloq Banking System at LBBW Luxemburg. Orbium, one of Avaloq’s principal implementation partners, has been managing and implementing the project.
LBBW becomes the first bank in Luxembourg equipped with the Avaloq Banking System.
For this project, Orbium was the primary implementation partner and was responsible for implementing all the key modules covering front office and back office functionality on the Avaloq Banking System.The project is for the Bank a major initiative which will significantly streamline operations, reduce manual entries and increase business process efficiencies.
Germain Wolff and Jörg Schares, Principal Project Manager and Head of IT/Org respectively at LBBW Luxemburg. "Everything went according to time and budget plans. LBBW is now equipped with a modern and flexible solution that offers all the functionalities it needs and will need in the near future, as well as the ability to customize the software according to its own requirements, without needing outside help”.
Manuel Anton, Partner at Orbium and Program Manager for Orbium on this project. “As the first Avaloq implementation in Luxembourg, the project implied a high level of complexity and was foreseen as quite challenging. Nevertheless, the project went according to schedule. Such projects show how Avaloq Banking System implementations have become standardized. It also demonstrates that the application of a strict and rigorous implementation methodology makes it possible to meet challenging timelines, even in a context as demanding as a first implementation in a new market. A key factor in the success of the project was the seamless cooperation between LBBW, Avaloq and Orbium.”
About Orbium
Orbium is a business consultancy focusing exclusively on the financial services industry. By sharing its extensive business and IT knowledge, it helps its financial services clients to successfully negotiate their business and technical challenges. Orbium services are offered on a project or strategic staffing basis, in both custom and package environments, and across all technology platforms. Orbium is one of the main Avaloq Implementation Partners. It has offices in Zurich, Geneva, Luxembourg and soon Singapore. With more than 100 employees, Orbium Business and IT consultants continuously build and upgrade clients’ systems to “competitive advantage” status.
About LBBW
LBBW Luxemburg SA is a wholly owned subsidiary of Landesbank Baden-Württemberg (LBBW). LBBW is a full-service provider for all financial products. In addition to the full range of products and services for private and corporate customers, LBBW offers assistance and relationship management services, tailor-made to suit individual needs. LBBW mission is to develop personalized strategies that offer added value to its clients’ assets.
www.lbbw.lu
About Avaloq
The Avaloq Group is the Swiss market leader for standardized banking software with locations in Luxembourg and Singapore. Over 30 banks worldwide rely on the Avaloq Banking System, which is systematically orientated towards the business processes and requirements of an innovative bank. Whether for a private, retail or universal bank: using Avaloq, bankers are able to boost efficiency and increase transparency. Avaloq is much more than a banking system. The Avaloq Academy ensures that all project team members have been properly trained, so that they are able to make the best use of the Avaloq Banking System's potential. In the Avaloq Community more than 35,000 Avaloq users, customers and partners are able to exchange views on the Avaloq Banking System and Banking Software.
www.avaloq.com
Sucessful Implementation of Avaloq Banking System at LBBW Luxemburg (pdf, 402.0 KB)