Global fintech firm Avaloq has launched avaloq.one, a collaborative platform to help the financial services industry work more effectively with fintechs, on April 16. The platform aims to connect fintechs and their solutions to Avaloq’s global financial clients.
The platform speeds up and streamlines implementation for all parties through standardised Open Application Program Interfaces (APIs), with fintechs having 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 them to choose 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 was launched at Fintech in Zurich on April 16, a new event where banks, fintechs and the Avaloq team met. Last year, Avaloq won the prestigious “Best of Show” award at fintech event FinovateAsia for a prototype of avaloq.one.
Oliver Berchtold, co-founder of YUKKA Lab, says, “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, says, “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.”