Abacus Research AG, located in Wittenbach, St. Gallen, has recently established a connection between its Abacus Business Software and bLink, the open banking platform provided by SIX. This move highlights the company’s commitment to modern, API-based connections with financial institutions and reinforces its position as a leading provider of accounting and ERP software in Switzerland, serving over 65,000 SME users.
With over four decades of experience, Abacus is recognized as a key technology partner across various domains including finance, human resources, administration, and supply chain management. This integration of its Business Software with bLink represents a significant step towards embracing open and standardized interfaces within the financial sector.
Abacus has previously utilized the bLink platform when it launched AbaNinja, a cloud-based solution, allowing it to gather valuable insights and experience. With the recent addition of the Business Software to the bLink ecosystem, Abacus’s primary product is now aligned with the capabilities provided by the platform.
Daniel Geisser, who serves as the Product Manager for Expense Management & Electronic Banking at Abacus, emphasized the advantages of the bLink connection. He stated that it establishes a secure and uniform foundation for the electronic exchange of data with banks. By adopting a standardized system through this platform, it becomes easier to integrate various bank details, transaction records, and payment processes into the software.
SIX bLink stands out as Switzerland’s premier open banking platform, offering a uniform, secure, and scalable connection between financial institutions and third-party service providers, including software developers, fintechs, and wealth-tech firms. This platform facilitates the digital transformation of financial processes, minimizes integration challenges via a central interface, and instills trust by collaborating with certified partners who adhere to high security standards.
Currently, bLink hosts over 60 banks and more than 30 fintech organizations, encompassing major banks, cantonal banks, and progressive technology providers. The continuous growth in the number of participants on the platform reaffirms bLink’s essential role in the Swiss financial ecosystem.