
Avaloq
6.4#2 in digital banking platformsAndroidiOSWebAPI
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| Fact | Avaloq | Fiserv Finxact |
|---|---|---|
| Company founding | Avaloq says it was founded in 1985 as BZ Informatik, an IT subsidiary of BZ Bank. | Finxact's company history says Frank Sanchez founded it in Jacksonville in January 2017. |
| Founded | Avaloq says it was founded in 1985 as BZ Informatik, an IT subsidiary of BZ Bank. | 2017 |
| Headquarters | Avaloq Group Ltd. identifies itself as a Swiss company registered at Allmendstrasse 140, 8041 Zurich, Switzerland. | Jacksonville, Florida, United States |
Avaloq is aimed at banks and wealth managers that need banking and wealth management capabilities across complex operations. Its deployment choices and API connectivity may suit institutions with varied technical environments.
Finxact suits financial institutions and fintechs seeking a configurable core banking engine, as well as commerce brands embedding financial services. Community institutions are also among its intended users.