
Avaloq
6.4#2 in digital banking platformsAndroidiOSWebAPI
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| Fact | Avaloq | MX |
|---|---|---|
| Founded | Avaloq says it was founded in 1985 as BZ Informatik, an IT subsidiary of BZ Bank. | 2010 |
| Headquarters | Avaloq Group Ltd. identifies itself as a Swiss company registered at Allmendstrasse 140, 8041 Zurich, Switzerland. | Lehi, Utah, United States |
| Integrations | Avaloq describes an open architecture with API and data-streaming connectivity, standard interfaces and third-party components. | MX announced an integration with Atomic combining MX data and analytics with Atomic's direct-deposit and bill-pay switching products. |
| What it does | Avaloq provides wealth management technology and services for financial institutions, including private banks, wealth managers, investment managers, retail banks and neobanks. | MX is a financial intelligence platform that helps financial institutions and fintechs turn consumer-permissioned financial data into actionable experiences and growth. |
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.
MX is aimed at financial institutions and fintechs building services around consumer-permissioned financial data. Its mobile banking SDK is limited to approved third parties or contracted customers.