16 June 2014
Avaloq builds an interface to Leonteq
On 13 June Avaloq and Leonteq announced an agreement to further automate the processing of structured products. Leonteq is a Zurich-based company constructing and managing structured products on behalf of banks which issue and offer these products to their clients. On the basis of the new agreement Avaloq will build an interface for Leonteq customers using the Avaloq Banking Suite. In doing so, the management of structured products is facilitated, enabling a faster and less error-prone processing of these products.
This new cooperation greatly supports Avaloq’s strategy in becoming a technology-driven financial services provider. As part of this strategy, Avaloq provides a platform where providers of “street side” banking products and services can leverage Avaloq technology and thus offer banks using the Avaloq Banking Suite their products with a high degree of automation and quality.
The platform is open to all providers. Avaloq purely enables the technology; banks using the Avaloq Banking Suite can then decide whether they want to make use of the products and services offered by other banks, and of course which providers they wish to collaborate with. Regardless of whom they choose to work with, the banks benefit from further automation and efficiency as a result of the technological integration.