The new platform is designed to connect Avaloq's clients and fintechs.

Banking and wealth technology firm Avaloq has launched a collaborative platform connecting fintechs with the Swiss firm’s clients.

The platform is called avaloq.one and, Avaloq says, “significantly speeds up and streamlines implementation for all parties” by standardised open Application Program Interfaces. (APIs enable different forms of software to link to one another.)

Fintechs that take part in the system 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 said.

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.

“Our aim is simple: to make avaloq.one the world’s leading ecosystem of banks, wealth managers, fintechs and developers,” Martin Greweldinger, group chief product officer at Avaloq, said.