Flybits joins the Avaloq.one ecosystem to bring contextual, personalized customer experiences to digital banking
Flybits, the world’s first contextual experience platform for the financial sector, has joined the Avaloq.one Ecosystem. Flybits technology allows banks and wealth managers to unlock the power of context and to own lasting relationships with their customers on their digital platforms through 1:1 personalized customer engagement. The Avaloq.one Ecosystem is Avaloq’s unique open banking marketplace bringing together financial institutions and fintechs through the latest REST API and sandbox technologies. There are currently more than 100 of the world’s top fintechs on the platform.
The synergies between Flybits and Avaloq will create a new differentiated offering in the market giving Avaloq’s banking and wealth management clients seamless, simplified access to the Flybits platform. “Together we can accelerate innovation in privacy preserving personalization by helping wealth management providers engage with their customers like they never have before,” said Gerti Dervishi, Co-founder & Chief Growth Officer of Flybits. “This partnership fits well with our core strategy of ecosystem empowerment and we’re excited to partner with Avaloq in this space.”
Launched in 2013, Flybits works with some of the world’s largest financial institutions enabling them to break down data silos and create a centralized contextual data ecosystem, allowing them to understand how, when, and through what medium they can communicate with their customers.
The company has experienced rapid growth and expansion around the globe, which includes offices in the UK, New York, Toronto, and Dubai. Flybits has recently been recognized as one of Canada’s 50 Fastest Growing Technology Companies by Deloitte and its Founder & CEO, Hossein Rahnama has been recognized as a 2020 top global leader in AI. In 2019 the company raised $35 million in a Series C funding round, and has continued to deliver exceptional outcomes for its growing list of clients.
“Flybits’ end-to-end solution leads the market in delivering true personalization, generating high levels of engagement and loyalty from customers and giving financial institutions a strong competitive advantage, “ said Martin Greweldinger, Avaloq Group Chief Product Officer. “The calibre of Flybits’ platform is further testament to the strength of the Avaloq.one Ecosystem and its key role in bringing the best fintechs together with the world’s leading financial institutions.”
We enable enterprises to create and deepen customer engagement by delivering personalized, context-relevant experiences and engagement. Core to this is our expertise and deep IP in orchestrating and augmenting customer data with other datasets without privacy, interoperability or data movement concerns and complexities. The company was founded in 2013 with the core belief that data is the new asset class and trust is the currency.
Founded in 1985, Swiss-based Avaloq is a global leader in digital banking solutions, core banking software and wealth management technology. We provide powerful cloud computing solutions for banks and wealth managers through business process as a service (BPaaS) and software as a service (SaaS). Avaloq is the only independent banking software provider to develop and also operate its own software.
Our established core banking system is complemented by three innovative platforms – Engage, Wealth and Insight – providing end-to-end digital solutions at a level of simplicity that will pave the way for the democratization of wealth management. To further spur innovation, we connect our clients with selected fintechs through the Avaloq.one Ecosystem, our open banking marketplace.
More than 150 banks and wealth managers with around CHF 4.5 trillion in assets managed worldwide trust Avaloq for its award-winning products and services. Avaloq has its headquarters in Zurich and employs more than 2,000 people around the world.