The acquisition of the banking license also meant the phasing out of the Swiss government’s state guarantee, which had historically bolstered customer confidence and contributed to a significant increase in deposits—from 50 billion CHF in 2012 to over 100 billion CHF by 2017. The guarantee was fully discontinued by September 2017, pushing PostFinance to stand on its own financial merits. Around this time, it began modernizing its infrastructure, notably transitioning to a new core banking system from Tata Consultancy Services over Easter weekend in 2018.
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