How they describe themselves: Avaloq is driving the digital transformation and automation of the financial services industry.
Our customers are the leading banks of today and tomorrow. We create powerful digital experiences provided through a standardized Business Process as a Service (BPaaS) or Software as a Service (SaaS) model to banks and wealth managers.
To further spur innovation, we work with customers, fintechs and hundreds of third-party in a uniquely collaborative way we call the Avaloq Ecosystem.
Avaloq has a presence in the world’s most demanding financial and innovation centres, including Berlin, Frankfurt, Hong Kong, London, Luxembourg, Madrid, Paris, Singapore and Sydney.
How they describe their product/innovation: Avaloq’s Ecosystem provides seamless access to an unparalleled number of market-leading fintech solutions on the Avaloq platform via open APIs.
With its new feature “double marketplace” Avaloq brings the app-store concept to banking. Fintechs can add solutions to the Ecosystem themselves; financial institutions can browse, discover and add solutions from the marketplace and integrate them into their operations.
Banks and wealth managers can also offer state-of-the-art solutions to their own clients via this ‘app store’, while clients themselves can personalise their bank experience.
Product distribution strategy: Direct to Consumer (B2C), through financial institutions, through other fintech companies and platforms