Avaloq vs Skaleet Core Banking Platform
Avaloq
avaloq.comSkaleet Core Banking Platform
skaleet.comSide by side
| Figure | Avaloq | Skaleet Core Banking Platform |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | Yes | Yes |
| Plans published | 1 | 1 |
| Spec score · Core Banking Software | 8.2 (#3) | 7.8 (#7) |
| Deployment | Avaloq offers SaaS Go, software as a service, platform as a service and on-premises deployment options. | Skaleet describes the platform as primarily cloud-based SaaS, with on-premise delivery possible under specific conditions. |
| Founded | Avaloq says it was founded in 1985 as BZ Informatik, an IT subsidiary of BZ Bank. | 2015 |
| Headquarters | Avaloq Group Ltd. identifies itself as a Swiss company registered at Allmendstrasse 140, 8041 Zurich, Switzerland. | Boulogne-Billancourt, France |
| Integrations | The Avaloq ecosystem connects clients with over 200 fintechs and providers and offers more than 7,500 REST API endpoints. | Skaleet says customers can use pre-integrated card processors or connect their own through a dedicated API. |
| Payments | Payments capabilities support major networks and schemes, ISO 20022, instant payments, standing orders, direct debits and card processing. | Supported payment methods listed include credit transfers, direct debits, checks, and debit cards. |
| Security | Avaloq says its database architecture handles data modifications through a single code base and is designed to provide high levels of protection. | The FAQ describes risk-based security, protections for confidentiality, integrity and traceability, two production sites, a disaster recovery site, two backup sites, and use of the French EBIOS-RM method. |
| Support | Avaloq advertises 24/7 support with continuous monitoring, fast issue resolution and dedicated global support through its managed services. | The site invites visitors to contact Skaleet and book a demo; it does not state support response times or service levels on the pages reviewed. |
Plans
Skaleet Core Banking Platform
- Custom Skaleet Core Banking PlatformPriced on request
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.
Skaleet Core Banking Platform
Skaleet Core Banking Platform is a configurable core banking offering for banks, neobanks, payment service providers, and Banking-as-a-Service providers. Its modules cover accounts and cards, payments, loans and savings, customer records, process automation, and connectors. The platform supports multiple account types, multi-currency balances, and transaction recording; account products have more than 50 configuration options and pre-integrated KYC solutions. Listed payment methods include credit transfers, direct debits, checks, and debit cards. Customers can use pre-integrated card processors or connect their own through an API. Skaleet describes its architecture as modular, API-centric, and event-driven, with real-time transaction triggers. The offering includes white-label mobile and web fronts, while clients may build their own applications. Pricing is on request, with modules and features tailored to customer needs. Skaleet describes a private-cloud option using EU-based data centers and states that it is ISO 27001 certified, with 99.99% uptime since launch. Its advertised implementation window is four to six months, depending on scope and migration.