Avaloq, headquartered in Switzerland, and ACTICO in Germany have signed a software partnership. The result of the joint development is the Avaloq Business Rules Standard Adapter. It makes it possible to load technical rules from the ACTICO Decision Management System into the Avaloq Banking Suite and to execute them there. Hence Avaloq customers profit from the graphical modeling of the rules in ACTICO Decision Management. A current application is the MiFID II and FIDLEG implementation to ensure investment suitability.
Stable Connection between Core Banking System and Management of Business Rules
The adapter provides a reliable connection between the Avaloq Banking Suite and ACTICO Decison Management. The advantage of this is the graphical user interface, which is used to model business rules. These rules, in other words – the decision logic – are transparent and comprehensible for the departments of a financial institution.
“Through the partnership with ACTICO, we enable the decision rules from the Avaloq Banking Suite to be graphically visible and intuitively modeled. In the digital world our customers can now adjust their automated decisions quickly, safely and flexibly”, states Thomas Beck, CTO at Avaloq.
Thomas Cotic, CEO at ACTICO, anticipates major benefits for the automation in financial institutions: “Our partnership with Avaloq enables the banks to use graphical decision rules directly in the Avaloq Banking Suite. Hence, the business department can control the automated decisions in the entire IT landscape on a central base.