Digital & Technology

CREALOGIX posts strong growth in the first half of the year

The international share of sales amounted to 64%, with simultaneous sales growth in Switzerland.

CREALOGIX expanded its position in digital banking in the first half of the financial year. The software specialist has particularly benefited from the open banking wave. The Payment Services Directive 2/PSD2, which celebrates its first anniversary this year, is driving the digital transformation of the financial industry in the EU. It requires banks to provide open interfaces, so-called APIs, for authorised third-party providers. The important extension of the directive, which has been in force since mid-March 2019, makes open banking a reality.

"Banks can profit from this opportunity. With the Digital Banking Hub, our customers can flexibly integrate services from the entire global Fintech world. Such open architecture enables the development of new business models and needs-oriented offerings. Bank customers, for their part, receive a broader range of products from a single source, rounded off by a highly attractive user experience. Banking will become much more convenient, versatile and customer friendly", said Thomas Avedik, President & Chief Executive Officer at CREALOGIX.