BIL Suisse Extends Decade-Long Tech Pact with Avaloq

The renewed partnership shifts focus toward joint innovation, specifically targeting the secure integration of third-party services. This involves upgrading the bank’s know-your-customer processes and data connectivity protocols to streamline risk management and ecosystem integration. Christian Haux, managing director for Avaloq in Switzerland and Liechtenstein, noted that the collaboration aims to drive higher levels of automation and refine the client experience.

BIL Suisse operates across Switzerland with a headcount of roughly 120 employees stationed in Geneva, Zurich, and Lugano. The bank recently expanded its physical footprint with a new office in Geneva. For Avaloq, a subsidiary of NEC Corporation, this deal follows a series of recent expansions, including major service agreements with a group of four cantonal banks and Arab Bank Switzerland earlier this year.