A1 Bank completes digital transformation journey with Synpulse and Avaloq [Yahoo! Finance]
A-1 GROUP INC (AWON)
NASDAQ:AMEX Investor Relations:
a1.group/en/investor-relations
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Source: Yahoo! Finance
A1 Bank is wholly owned by A1 Group, the CEE-based telecom provider. Since its formation in 2000, the bank has focused on innovative mobile commerce solutions. Specifically, it was one of the first banks to launch a comprehensive commercial near-field communication (NFC) offering. Synpulse's fastest ever implementation of the Avaloq core platform The bank has deployed on the cloud in a software as a service (SaaS) model. It also leverages Synpulse's proprietary integration layer and open-source components. Synpulse says its Plug & Bank service gives A1 Bank the flexibility to expand into any business area as a licensed online bank. With the Avaloq Core Platform, A1 Bank can operate as a digital bank in full compliance with Austria's Financial Market Authority (FMA) and Germany's Federal Financial Supervisory Authority (BaFin), while continuing to drive innovation in Europe's financial sector. Avaloq's core banking system automates and streamlines fundamental processes across A1
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