Avaloq joins Enterprise Ethereum Alliance

Avaloq, a fintech solution provider of software as a service (SaaS) and business process as a service (BPaaS) solutions to banks and wealth managers, has announced that it has joined the Enterprise Ethereum Alliance (EEA), the world's largest open source blockchain initiative.

“We are very excited about joining the Enterprise Ethereum Alliance. This is an important step for us to further drive innovation connected to the blockchain technology”, said Thomas Beck, CTO at Avaloq. “The EEA offers us access to additional knowhow and ideas to leverage this ground-breaking technology to address specific, enterprise-based use cases in the financial industry, but also in other fields relevant to our clients.”

With more than 400 member companies, the EEA membership base represents a wide variety of business sectors from every region of the world, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance. The EEA’s industry-focused, member-driven working groups are each tasked with creating and delivering specific advancements to the development and use of ethereum-based technologies.

In December 2018, Avaloq and Metaco the company that created SILO  a solution that enables custodians to deploy a complete crypto-wallet ecosystem and manage transactions from a unified environment blended in the banking system, announced an innovative partnership with Gazprombank (Switzerland) Ltd to implement their integrated crypto asset solution