Avaloq is a leading global fintech company based in Switzerland which provides core and digital banking solutions to banks and wealth managers around the globe. Warburg Pincus partnered with Avaloq to identify the most efficient IT infrastructure, which led to a strategic partnership with IBM to develop the ‘Swiss Banking Cloud’. Under a long-term agreement, Avaloq can leverage IBM’s private cloud infrastructure services in Switzerland and its global cloud resources and capabilities as part of a hybrid cloud environment. IBM has been committed to energy efficiency in its data centers – it has reduced energy use by 20,000 MWh since 2017 through cooling efficiency projects, including at one of its state-of-the-art Swiss data centers. IBM’s commitment to data center energy efficiency played an important part in Avaloq’s decision to partner on this project, in line with the company’s sustainability focus and Warburg Pincus Green IT principles.
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