Credit Suisse is latest finance firm to launch app store

Credit Suisse is set to launch an online technology marketplace focused on providing apps to the investment banking and hedge fund sectors.

The eCO Financial Technology marketplace, which will launch in January, will match up buyers and sellers of apps and provide standardised contracts to smooth procurement.

Download this free guide

Definition guide: Unified Communications

In this e-guide, we break down what unified communications actually is through a series of definitions. Also, discover how UC is still relevant to mobile, why the mobile UC market is struggling and how blockchain can help to make you a happier person.

Start Download

• Corporate E-mail Address:

  You forgot to provide an Email Address.

  This email address doesn’t appear to be valid.

  This email address is already registered. Please login.

  You have exceeded the maximum character limit.

  Please provide a Corporate E-mail Address.

• • I agree to TechTarget’s Terms of Use, Privacy Policy, and the transfer of my information to the United States for processing to provide me with relevant information as described in our Privacy Policy.

  Please check the box if you want to proceed.

• • I agree to my information being processed by TechTarget and its Partners to contact me via phone, email, or other means regarding information relevant to my professional interests. I may unsubscribe at any time.

  Please check the box if you want to proceed.

By submitting my Email address I confirm that I have read and accepted the Terms of Use and Declaration of Consent.

A statement on the eCO website said: “eCo maximises the buyer’s chances of successful deployment through independent quality and interoperability analysis. Service partners – the industry’s most experienced software and services companies – provide support contracts to avoid dependencies between banks while enabling all parties to achieve the cost and quality savings of staying on a common code line.”

Finance firms, like the government, are looking at ways to reduce how much they spend on IT. By opening up choice and smoothing procurement through app stores, firms can contribute to this.

French banking giant Credit Agricole, which has 150,000 employees and 51 million customers, has already created an app store to provide banking apps to customers and get ideas from customers for new apps.

The Credit Agricole Store is a platform that puts developers in touch with the bank's customers. Customers can download any apps they want and make suggestions for new ones. 

The app store currently has 21 apps and received more than 100,000 visits in its first three months. Apps cover services such as balance checking and fund transferring, as well as one to help visually impaired people use the online banking interface.