Freienbach SZ – Fintech Avaloq has launched its new avaloq.one platform. Open application program interfaces enable seamless collaboration between the financial services industry and fintechs.
With avaloq.one, fintechs need to integrate their solution to the Avaloq Banking Suite just once, it was reported in a press release from Avaloq. These solutions are then available to Avaloq’s clients. Banks and wealth managers consequently have access to a selection of fintech applications, so they can be more competitive. “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,” the company explains.
Fintechs that stand to benefit from this platform include the German company YUKKA Lab. “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,” commented Co-Founder of YUKKA Lab Oliver Berchtold in the press release. “We have integrated once and can now reach over 150 financial institutions and millions of their clients worldwide.”
Avaloq launched its new platform at Fintech Tuesday in Zurich on Tuesday evening, an event where banks, fintechs and the Avaloq team came together.