SIX and Inventx Cooperate on Open Finance
Fazzaco learned that SIX has entered into a partnership with Inventx to enable financial institutions and third-party providers to gain easier access to the Swiss open-finance ecosystem.
Just a year ago, there was a noticeable reluctance to embrace the growing open-finance movement in Switzerland. Not enough standardization or coordination between the various initiatives and market solutions. Inventx and SIX have therefore decided to make their respective platform offers interoperable. In this way, the market will be offered a comprehensive end-to-end solution for the operationalization of open finance in the future.
Inventx and SIX are combining the strengths of their respective ix.OpenFinancePlatform (ix.OFP) and bLink offerings to make it easier for financial institutions and third-party providers to connect to each other or integrate into ecosystems through a coordinated process. The respective platform offerings will continue to exist independently in the market.
With this cooperation, the two technology providers are sending another positive signal in the discussion about more standardization – especially when it comes to financial institutions. Both companies are convinced that all participants and the Swiss financial center as a whole will benefit from the formation of overarching open-finance ecosystems.
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