Avaloq is strengthening its position in Switzerland’s digital banking market with a new mobile banking rollout across several Swiss cantonal banks.
The Swiss financial technology provider is set to introduce enhanced mobile banking services for around one million domestic customers through partnerships with Basellandschaftliche Kantonalbank, Thurgauer Kantonalbank, Basler Kantonalbank, and St. Galler Kantonalbank. Bank Cler, a subsidiary of Basler Kantonalbank, will also adopt the platform.
Avaloq Mobile Banking Targets One Million Swiss Customers
The new Avaloq mobile banking rollout is designed to help regional Swiss banks modernize their digital services and improve the customer experience.
The participating institutions include long-established cantonal banks with deep regional roots. By adopting Avaloq’s mobile banking technology, these banks aim to offer customers more flexible and feature-rich digital banking services while maintaining their local banking relationships.
According to the report, Basellandschaftliche Kantonalbank, Thurgauer Kantonalbank, and Basler Kantonalbank are existing Avaloq partners. St. Galler Kantonalbank is joining as a new partner for the mobile banking initiative.
New Digital Banking Features for Swiss Customers
The Avaloq mobile banking platform will include several new tools aimed at improving everyday banking and investment management.
Customers are expected to gain access to features such as trading services, portfolio management tools, credit card management, configurable dashboards, and real-time notifications.
These features reflect a broader trend in banking technology, where customers increasingly expect mobile apps to provide more than basic account access. Banks are now using digital platforms to deliver personalized financial services, faster updates, and integrated investment tools.
Banks Can Add Features Over Time
A key part of the Avaloq mobile banking rollout is flexibility. The platform will allow participating banks to independently add new features over time.
This could help the banks respond more quickly to changing customer expectations and fintech innovation. Instead of relying on a fixed mobile banking system, banks can continue expanding their digital offering as new services become available.
The rollout will take place in phases, although no final migration timeline has been disclosed.
Avaloq Expands Its Swiss Banking Footprint
The latest partnership further expands Avaloq’s presence in its home market of Switzerland.
In 2024, Avaloq also integrated its digital asset platform into Zürcher Kantonalbank’s core banking systems and digital channels. That move enabled Switzerland’s largest cantonal bank to offer clients traditional and digital asset trading, management, and custody services through a single platform.
The new Avaloq mobile banking rollout across multiple cantonal banks highlights the continued digital transformation of Switzerland’s banking sector, particularly among established regional institutions looking to modernize without losing their local customer base.
Why It Matters
The partnership shows how legacy banks are working with fintech infrastructure providers to compete in an increasingly digital financial services market.
For Swiss customers, the rollout could mean improved mobile access to banking, investments, cards, and portfolio insights. For Avaloq, it reinforces the company’s role as a key banking technology provider in Switzerland.
As mobile banking becomes a central part of customer engagement, partnerships like this could shape how traditional banks deliver digital financial services in the years ahead.