This fintech partnership will create a new differentiated offering which gives Avaloq’s banking & wealth management clients seamless, simplified access to the innovative Flybits platform.
Zurich & Toronto, 28 May 2020:Flybits, the world’s first contextual experience platform for the financial sector, has joined the Avaloq.one Ecosystem. Flybits technology allows banks and wealth managers to unlock the power of context and to own lasting relationships with their customers on their digital platforms through 1:1 personalized customer engagement. The Avaloq.one Ecosystem is a unique open banking marketplace bringing together financial institutions and fintechs through the latest REST API and sandbox technologies. There are currently more than 100 of the world’s top fintechs on the platform.
The synergies between Flybits and Avaloq will create a new differentiated offering in the market giving Avaloq’s banking and wealth management clients seamless, simplified access to the Flybits platform. “Together we can accelerate innovation in privacy preserving personalization by helping wealth management providers engage with their customers like they never have before,” said Gerti Dervishi, Co-founder & Chief Growth Officer of Flybits. “This partnership fits well with our core strategy of ecosystem empowerment and we’re excited to partner with Avaloq in this space.”
Launched in 2013, Flybits works with some of the world’s largest financial institutions enabling them to break down data silos and create a centralized contextual data ecosystem, allowing them to understand how, when, and through what medium they can communicate with their customers.
The company has experienced rapid growth and expansion around the globe, which includes offices in the UK, New York, Toronto, and Dubai. Flybits has recently been recognized as one of Canada’s 50 Fastest Growing Technology Companies by Deloitte and its Founder & CEO, Hossein Rahnama has been recognized as a 2020 top global leader in artificial intelligence. In 2019 the company raised $35 million in a Series C funding round, and has continued to deliver exceptional outcomes for its growing list of clients.
“Flybits’ end-to-end solution leads the market in delivering true personalization, generating high levels of engagement and loyalty from customers and giving financial institutions a strong competitive advantage, “ said Martin Greweldinger, Avaloq Group Chief Product Officer. “The calibre of Flybits’ platform is further testament to the strength of the Avaloq.one Ecosystem and its key role in bringing the best fintechs together with the world’s leading financial institutions.”
Digital technologies such as cloud-based operating models, artificial intelligence, data analytics and automation will significantly enhance front, middle and back office processes at banks and wealth managers, resulting in a more personalized, smarter and more efficient client experience
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