Avaloq vs MX
Avaloq
avaloq.com
MX
mx.comSide by side
| Figure | Avaloq | MX |
|---|---|---|
| Price from | — | Free |
| Free plan | — | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | Yes | — |
| Plans published | 1 | 2 |
| Spec score · Digital Banking Platforms | 8.3 (#1) | 7.9 (#2) |
| 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 | The Avaloq ecosystem connects clients with over 200 fintechs and providers and offers more than 7,500 REST API endpoints. | 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. |
Plans
In their own words
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.
MX
MX provides financial data and banking tools for financial institutions and fintechs. It lets consumers bring accounts together for viewing, while providers can use permission-based access to support digital experiences. Its APIs cover account linking, account and identity verification, balance checks, and data sharing. MX says direct OAuth connections can validate accounts in less than five seconds; its data access platform is built on FDX standards. Transaction details can be standardized and categorized, and external brokerage and retirement accounts can be combined with other financial data. Supported data includes accounts, balances, transactions, investments, statements, identity, ownership, and rewards. Connections include OAuth APIs, tokenized and direct connections, whitelisted screen scraping, and microdeposits, with real-time refresh and PDF statements. MX also offers mobile banking software and a mobile SDK for approved third parties or contracted customers. It lists Android, iOS, web, and API platforms. A free account is free for 100 users; MX Platform pricing is available by demo request.