Consulting and IT service provider adesso Schweiz has entered into a strategic partnership with Hypothekarbank Lenzburg to further develop and market open banking solutions in the Swiss market.
Hypothekarbank Lenzburg had added an open interface architecture to Finstar, a core banking system it developed in-house, four years ago to create one of the first open banking platforms in Switzerland.
Since then a number of domestic and international fintech companies have linked up with Finstar to establish a unique digital financial ecosystem.
Following the integration of open programming interfaces (APIs), which was completed in 2017, the bank is committed to a hybrid strategy that complements personal banking with modern digital services.