Current Projects

Open Banking players and initiatives in Switzerland

Current initiatives for this subject area in Switzerland usually originate from companies that have taken on the role of manufacturers of backend systems or providers. This is done with the aim of creating an attractive offering for financial service providers and TPPs and thus strengthening or expanding their business activities.

 

The following table provides a non-exhaustive overview of current projects in Switzerland (as of mid-2019):

Current Projects

Open Banking players and initiatives in Switzerland

Current initiatives for this subject area in Switzerland usually originate from companies that have taken on the role of manufacturers of backend systems or providers. This is done with the aim of creating an attractive offering for financial service providers and TPPs and thus strengthening or expanding their business activities.

 

The following table provides a non-exhaustive overview of current projects in Switzerland (as of mid-2019):

Initiative Type of offer target audience Specification of the APIs Current technical coverage maturity
avaloq.one Open Banking marketplace Avaloq banking clients and TPPs individual Account information, payment transactions, CRM, financing, asset management and more in use
Finnova Open Platform Integration platform incl. APIs Banks with Finnova as backend system individual Account information, payment transactions, financing, taxes and more under construction, pilot phase started
Hypothekarbank Lenzburg Open Banking API platform Banks with Finstar as backend system, TPPs individual Account information, payment transactions, digital customer opening planned: in use
Inventx Open-Finance Platform Open finance system Swiss banks, provider, TPPs, Insurance individual Account information, payment transactions, investing and more in use
OpenBankingProject.ch Knowledge platform, community APIs, developer portal Swiss banks, provider, manufactures backend systems, TPPs and more freely available Account Information service, payment initiation service, confirmation of funds service in use
Swiss Fintech Innovations (SFTI) Common API Banking API specifications (without security) TPPs, Swiss banks, providers, backend systems freely available Account information and payment transactions first version released
SIX Swiss Corporate API API Platform with service aggregation TPPs and Swiss banks individual and (potentially*) freely available Account information and payment transactions for business customers under construction, pilot phase started
Swisscom Open Banking Hub API marketplace TPPs and Swiss banks individual as needed under construction

*SIX plans to publish its Swiss Corporate API according to current statements.