Avobis Group AG and Hypothekarbank Lenzburg AG enter partnership
The Avobis Group will work more closely with Hypothekarbank Lenzburg (HBL) on digitisation. Avobis will use the Finstar® open banking platform to process loans for its customers.
The focus is on the core functionality of Finstar® with master data and account management in particular. The Avobis Group can also benefit from the payment transaction options offered by the open banking platform of Hypothekarbank Lenzburg.
As part of the partnership, the two companies also intend to jointly promote the Finstar® open banking platform in the area of financing and lending. The existing open interfaces (Open Application Programming Interfaces, Open API) will be expanded substantially for this purpose. In addition, the two companies plan to develop further joint solutions in order strengthen their strategic positioning in the real estate and mortgage markets.
Marianne Wildi, Chief Executive Officer of Hypothekarbank Lenzburg, stresses, "We are delighted to enter into this partnership with Avobis. It demonstrates that we can deliver genuine added value to third parties with our Finstar® platform. As a proven mortgage specialist, Avobis fits perfectly into the new digital ecosystem that we are currently building with our Finstar® Open Banking platform and various partner companies".
Thomas Abegg, CEO of the Avobis Group, explains, "With the HBL solution, we can optimally meet the requirements of our customers and further develop them in a targeted manner. This is another important step on our way to digitisation. We are very happy to have found an innovative partner in Hypothekarbank Lenzburg."