Asseco def3000 vs Avaloq

Asseco def3000 is a banking system for banks’ products, services and operations. Its Core Banking module processes transactions, customer data and contracts for accounts, deposits, loans and cards. Asseco describes the system for universal, retail, corporate, mortgage, auto-financing and cooperative banks, and says Core Banking can connect to external bank systems through APIs. A BOŚ deployment combined Core Banking with General Ledger, Treasury, foreign-currency clearings, print formatting, mass payments, and currency-position and risk reporting. That installation used a three-tier architecture with Oracle WebLogic, an Oracle relational database and browser access without additional workstation software. Listed controls include real-time account processing, multi-level credit-limit checks, and four-eyes monitoring of business-data changes. General Ledger supports access-right settings and second-person approval, with records identifying operator, time and bank unit. The platform listing names Linux, web and Windows; deployment is described as hybrid. Pricing is on request, with implementation requiring contact with Asseco. Asseco states 24/7/365 access to infrastructure, the current system version and specialist support.

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.