16.06.2021

apoBank Migrates to the Avaloq Core Banking System and Uses the ACTICO Compliance Suite to Automate its Compliance Processes

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Immenstaad, June 16, 2021 – apoBank, a specialist healthcare bank in Germany, selected the ACTICO Compliance Suite as the ideal component for its new Avaloq core banking system. 

As part of its new digitalization strategy, the Deutsche Apotheker- und Ärztebank (apoBank) set itself the target of improving its customers’ digital experience and increasing the flexibility and speed with which it could offer them new financial products and services. It put this strategy into practice by migrating to the Avaloq Banking Suite as its new core banking system. apoBank has overhauled its compliance management system and opted for the ACTICO Compliance Suite to automate its monitoring system.

The standard adapter developed by Avaloq and ACTICO provides the necessary link between the core banking system and the functionalities of the Compliance Suite.

The Compliance Suite has been running smoothly since its implementation.

"The ACTICO Compliance Suite gives us the benefit of numerous business rules that come as standard with the Compliance Suite, and the system is extremely flexible."

Matthias Schmedt auf der Günne

Director and Head of Compliance apo Bank

Read the Success Story to find out more about the project and its implementation.

Download Success Story

 

About apoBank

apoBank is Germany’s largest cooperative primary bank. It is a market leader in financing and supporting start-ups in the pharmaceutical and medical sector and in payment transactions in the healthcare sector.

apoBank’s unique business model makes the bank a valued partner in the German healthcare market. Its customers include healthcare professionals such as pharmacists, doctors, dentists and veterinarians, professional associations and the medical technology industry.

About ACTICO

ACTICO is a leading international provider of software for intelligent automation and digital decisioning. Its scalable software combines rule-based technology and machine learning in a unique way and is totally audit-proof. It allows companies of all sizes to process huge amounts of data and make and automate AI-supported and rule-based decisions in real time. Through intelligent automation, ACTICO increases the business value of its customers by improving their operational decisions.

Today, its customers include leading companies in 25+ countries, including KfW, ING, Volkswagen Financial Services, LGT Group and Bank Vontobel. The company has offices in Chicago and Singapore. Its head office is located in Immenstaad, Germany.