Swiss fintech company Avalog has launched avaloq.one, a new platform that aims to provide technological solutions and innovations to its clients by building more effective relationships between financial solution providers and fintechs.

The platform will look to significantly speed up and streamline implementation for all parties through what it terms ‘Application Program Interfaces’.

 In addition, fintechs utilising the platform would only need to integrate their solution to the Avaloq Banking Suite once to engage with Avaloq’s clients.

The company will continuously screen the market and validate fintech solutions, and will aim to benefit banks and wealth managers by providing access to a selection of fintech applications in one place.

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 is headquartered in Switzerland and has more than 2,000 employees; alongside R&D centres in Zurich, Edinburgh and Manila; and three additional service centres in Switzerland, Singapore and Germany. It reported full-year revenues of CHF579 million for FY2018, up six percent on an underlying basis.