Avaloq launches avaloq.one, a new platform that connects fintechs with the world’s financial institutions
Global fintech leader Avaloq today announces the launch of avaloq.one, a new, intuitive and collaborative platform to help the financial services industry in their efforts working more effectively with fintechs. avaloq.one aims to seamlessly connect leading fintechs and their solutions, to Avaloq’s global financial clients. The platform is designed to promote and showcase true fintech innovation and place Avaloq, its fintech partners and its clients at the forefront of the digital revolution underpinning the next generation of financial services.
avaloq.one significantly speeds up and streamlines implementation for all parties through standardised Open Application Program Interfaces (APIs), with fintechs benefiting from a partnership with the ability to self-onboard to the platform, self-integrate with Open APIs, journeys and the avaloq.one sandbox capabilities. In addition, participating fintechs only need to integrate their solution to the Avaloq Banking Suite once to engage with Avaloq’s clients.
For banks and wealth managers, avaloq.one allows access to greater innovation, and they will remain competitive by choosing from a selection of fintech applications pre-integrated to Avaloq’s Banking Suite in one place. Avaloq will continuously screen the market and validate fintech solutions and the company behind it as it looks to build an ecosystem of the world’s ‘fintech finest’ that institutions can trust.
avaloq.one will be launched at Fintech Tuesday in Zurich tonight, a new event format where banks, fintechs and the Avaloq team meet. At the end of last year, Avaloq won the prestigious ‘Best of Show’ award at leading fintech event FinovateAsia for a prototype of avaloq.one. A video of the award-winning presentation can be found on the Avaloq website here.
Oliver Berchtold, Co-Founder of YUKKA Lab, said: “Being part of the avaloq.one ecosystem is a significant development for our firm. The platform gives us access to some of the world’s leading financial institutions and is an excellent opportunity to better connect with financial institutions and drive innovation across the industry. Avaloq has been highly supportive of our business, helping test our solutions and will be boosting our global reach. We have integrated once and can now reach over 150 financial institutions and millions of their clients worldwide.”
Martin Greweldinger, Group Chief Product Officer at Avaloq, said: “Avaloq is committed to delivering future-proof products and services and avaloq.one allows our clients to remain at the cutting edge of innovation today and tomorrow. We are excited and proud of our new platform and are actively looking to partner with fintechs around the world to grow our marketplace. Our aim is simple: to make avaloq.one the world’s leading ecosystem of banks, wealth managers, fintechs and developers.”
Avaloq, one of the world’s leading financial technology firms specialising in SaaS, BPaaS, and on premises solutions for financial institutions, reported full-year revenues of CHF579 million for FY2018, up 6% on an underlying basis. Recent new clients and projects either won or completed include Brewin Dolphin, Industrial Bank Co., Deutsche Bank Luxembourg, Edmond de Rothschild, Intesa Sanpaolo Private Bank Suisse, KASIKORNBANK, Pictet Group, Raiffeisen, and Smith & Williamson.