10x Banking Platform vs Avaloq
10x Banking Platform
10xbanking.com
Avaloq
avaloq.comSide by side
| Figure | 10x Banking Platform | Avaloq |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 1 | 1 |
| Spec score · Core Banking Software | 8.2 (#2) | 8.2 (#3) |
| Founded | 2016 | Avaloq says it was founded in 1985 as BZ Informatik, an IT subsidiary of BZ Bank. |
| Headquarters | London, United Kingdom | Avaloq Group Ltd. identifies itself as a Swiss company registered at Allmendstrasse 140, 8041 Zurich, Switzerland. |
| Integrations | The platform connects to over 25 partners across areas including payments, identity and KYC, fraud, cloud, data streaming, open banking APIs and pricing. | The Avaloq ecosystem connects clients with over 200 fintechs and providers and offers more than 7,500 REST API endpoints. |
| Intended customers | 10x presents the platform for retail, SME, corporate, and embedded finance banking propositions, including use by banks and non-bank brands. | Avaloq describes its platform and services as serving banks and wealth managers. |
| Security | 10x says it holds ISO 27001, ISO 27017, ISO 27018 and SOC 2 Type II certifications and performs external penetration testing at least annually. | Avaloq says its database architecture handles data modifications through a single code base and is designed to provide high levels of protection. |
| What it does | A cloud-native core banking platform for financial institutions modernizing or launching banking services. | Avaloq provides wealth management technology and services for financial institutions, including private banks, wealth managers, investment managers, retail banks and neobanks. |
Plans
In their own words
10x Banking Platform
10x Banking Platform has no write-up on Specifiction yet; its figures are above.
Avaloq
Avaloq provides banking and wealth management technology for financial institutions with complex operations. Its platform covers more than 100 financial products across front- and back-office processes, including client and investment management, trading, lending, payments, treasury, risk, compliance and data analytics. Digital channels deliver more than 100 banking features through web and mobile experiences, with biometric authentication by face or fingerprint. Trading capabilities cover order management through settlement for exchange-traded, OTC and crypto assets. Payment support includes major networks and schemes, ISO 20022, instant payments, standing orders, direct debits and card processing. Deployment choices include SaaS Go, software as a service, platform as a service and on-premises options. APIs, data streaming, standard interfaces and third-party components support integration. Avaloq describes an ecosystem of more than 200 fintechs and providers, with more than 7,500 REST API endpoints. Pricing is available on request. Founded in 1985, the company is headquartered in Zurich, Switzerland.