Avaloq has launched an intuitive and collaborative platform to foster collaboration between the fintech companies and financial institutions.

The platform, called avaloq.one, is designed to connect fintech companies with Avaloq’s global financial clients through standardised Open Application Program Interfaces (APIs).

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It also allows the fintech companies to self-onboard to the platform and self-integrate with Open APIs.

Additionally, they can utilise avaloq.one sandbox capabilities to test new products.

To utilise the platform, interested fintechs are required to integrate their solution to the Avaloq Banking Suite.

Avaloq Group chief product officer Martin Greweldinger 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.

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“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.”

The newly launched platform will provide the banks and wealth managers with access to a host of fintech applications pre-integrated to Avaloq’s Banking Suite in one place.

The company noted that it will monitor the market regularly and validate fintech solutions and the company behind it in order to create a ecosystem of the world’s ‘fintech finest’.

In December last year, Avaloq introduced dedicated Payment Services Directive II (PSD2) solutions to support open banking.