Consulting and IT services provider adesso Schweiz has entered into a strategic partnership with Hypothekarbank Lenzburg to further develop and promote open banking solutions in the Swiss market.
Hypothekarbank Lenzburg added an open interface architecture to Finstar, a core banking system it developed in-house, four years ago to create one of the first open banking platforms in Switzerland.
Since then, a number of domestic and international fintech companies have teamed up with Finstar to create a unique digital financial ecosystem.
Following the integration of open programming interfaces (APIs), which was completed in 2017, the bank is pursuing a hybrid strategy that complements personal banking with modern digital services.
Individual components of the Finstar system can be deployed modularly “as a service” and integrated into other systems, which allows Finstar to offer customized IT solutions for private and universal banks.
adesso will support the financial services provider in the future in the further development and distribution of its Finstar solution, especially in the area of digital adaptation.
Both companies are excited about the new partnership.
Marianne Wildy, CEO of Hypothekarbank Lenzburg, said:
“We are a bank and an IT company. Since 2000, Hypothekarbank Lenzburg has solely developed, supported and operated Finstar, Switzerland’s core banking system.
We believe that working closely with adesso enables us to better leverage the potential of our innovative solutions. ”
Hansjörg Suess, CEO and board representative of adesso Schweiz, said:
“We are very proud to be working with Hypothekarbank Lenzburg to promote the open banking model in the Swiss banking sector in the future.”
Image Credit: Hypothekarbank Lenzburg