ndgit and Synpulse launch first international fintech marketplace in Switzerland with best-of-breed apps and APIs
ndgit, provider of the leading Open Banking platform in Europe and the globally active management consultancy Synpulse team up to launch Switzerland's first fintech marketplace that features international best-of-breed providers. By the end of the year, services from over 50 fintech partners in Europe should be available. The marketplace enables banks and other digital providers to integrate innovative services from fintechs into their offerings either as an app or an application programming interface (API). It allows for faster implementation of digital processes and services as well as the development of new banking ecosystems.
The «ndgit marketplace» offers a broad range of fintech services, some of which are from Swiss providers. Examples of the Swiss services include Contovista’s personal finance management used in the banking app «neon» or Sonect’s «virtual ATM» used by Hypothekarbank Lenzburg. The selection of modules is complemented by services that have been tried and tested throughout Europe, e.g. financial planning as a service or innovative financial products such as international savings accounts and asset management based on exchange traded funds (ETFs).
Stephanie Feigt, Founder and CEO of «3rd-eyes AG», intends to distribute the fintech service to banks/insurers with the support of the platform. «We are pleased that our digital solution for professional wealth planning can be easily integrated through the ndgit marketplace.»
Enabler for digital innovations and Open Banking ecosystems
Developers can easily test, customize and flexibly combine APIs and apps at the ndgit marketplace. All services are centrally managed on a single platform and can be used with only one connection, one contract and one central contact person. As a hub for the best fintech services, the platform simplifies the digitization of banking processes and the integration of new APIs. The platform supports banks in their efforts to set up their Open Banking ecosystem and to position themselves as innovators towards customers in the long term.
Robin Welsch, Head of IT Applications at MünchenerHyp, is a convinced user: «With the help of the API marketplace we can quickly integrate the participating fintechs into our systems. We also benefit from technical support that includes comprehensive services and service level agreements.»
More than 50 fintech APIs and apps by the end of the year
In their marketplace, ndgit and Synpulse combine the functions of the best-of-breed APIs with ndgit’s leading Open Banking platform in Europe, which was implemented in over twenty banks only last year. With UBS, Cornèr and Lenzburg these include the most digitized banks in Switzerland. Now more than 50 fintechs are to be connected to the new marketplace by the end of 2019. In this effort, an expert team from ndgit and Synpulse will analyze the market, choose the best fintech providers in each segment, agree contractual conditions with those providers and subsequently integrates their services.
Successful strategic partnership
ndgit and Synpulse formed a strategic partnership at the end of 2018. «We are delighted to support financial service providers so efficiently in increasing their innovation capability. This will enable them to find new revenue streams, expand their customer service and maintain a stable pole position in a disruptive market environment,» remarked Simon Alioth, Head of Open Banking at Synpulse. Oliver Dlugosch, CEO of ndgit added: «Our successful partnership has now even accelerated: With the new fintech platform, we can provide banks, insurance companies and others with a set of APIs and apps that are unique and cost-effective.» As part of the collaboration, Synpulse integrates the software into the complex infrastructure of banks, insurance companies and enterprises while ndgit provides its innovative and regulatory compliant Online Banking platform.
For those wanting to stay at the forefront of financial services, ndgit is engineering the backbone for connected banking and insurance that drives the transformation of everyday banking. Its API platform enables banks to open up to digital partners using Open Banking APIs and PSD2 solutions to deliver, consume, or control microservices. In 2017, ndgit, together with Hypothekarbank Lenzburg AG, implemented Switzerland's first Open Banking platform. The project was awarded the EURO FINANCE TECH Award for the best cooperation between bank and fintech in 2017, and the 2019 Finance IT Innovation Award. In 2018, the ndgit API platform won the CEE Fintech Challenge, the largest fintech competition in Central and Eastern Europe.
More information about ndgit can be found at www.ndgit.com.
About Synpulse Management Consulting
Synpulse is an international management consultancy and a valued partner of many of the world’s largest financial service companies. Since its founding in 1996, Synpulse has supported banks and insurers along the entire value chain – that is from the development of strategies and their operational realization to technical implementation and handover. Synpulse stands out due to the industry expertise, passion and commitment of its more than 350 employees. Synpulse has offices in Zurich, Geneva, Dusseldorf, Frankfurt, Bratislava, Vienna, Sydney, Singapore, Hong Kong, New York and London.
More information about Synpulse can be found at
 The term «best-of-breed» means selecting the best solution from every area of application when purchasing enterprise software (i.e. APIs or apps) and then integrating it into one's own IT infrastructure instead of relying on complete solutions from just one manufacturer.