Zürcher Kantonalbank realizes second open banking application on bLink

Zürcher Kantonalbank is the first bank to offer standardized interfaces in two business areas via the bLink platform from SIX. Accounting solutions have been able to access the account and transaction data of SMEs via API since the start of the year. With the implementation of “OpenWealth”, Zürcher Kantonalbank is now also making asset data available to external asset managers via API.

Zürcher Kantonalbank realizes second open banking application on bLink
Published at
Medium
News

One of the key advantages of the bLink open finance platform is the scalability of standardized interfaces and the associated collaborations. Once participants are connected to the platform, they can use interfaces for various business areas and form partnerships with all other participants. Zürcher Kantonalbank is providing an example how this looks in reality. This year alone, it has gone live with several new interfaces that can be easily connected to the digital accounting solutions of small and medium-sized enterprises (SMEs) as well as the portfolio management systems of external asset managers for the exchange of data.

The platform of choice
“bLink helps us to efficiently expand our API offering and position it correctly,” explains Béatrice Sidler, Head of Multichannel Management at Zürcher Kantonalbank. “Having already established the interface for accounting solutions, that is why we decided to also realize the OpenWealth APIs via bLink.” In doing so, the cantonal bank is making rapid progress with its open banking proposition and positioning itself as one of the clear trailblazers in the Swiss financial center.

Customers also benefit
In addition to the scaling effect for platform participants, bLink offers significant added value for their customers in terms of user experience. Bank customers can enable or disable the services arising from the various open banking partnerships in their e-banking autonomously and paperlessly. This is made possible by a fully digitalized consent management process that bLink provides to the platform participants for integration into their systems.