28 February 2017
Visit dh.com

Credit Suisse to launch online financial technology marketplace

16 December 2013  |  8187 views  |  2 Credit suisse Building 2

Credit Suisse is to launch an online app store where investment banks can buy and share their proprietary source code.

The eCO Financial Technology marketplace is due to launch in January and will focus on the investment banking and hedge fund space, where rapidly rising costs have forced banks to look for new ways to get a return on their heavy tech spend.

eCO says it will match buyers and sellers, and provide a standard contract to expedite the procurement process. All apps loaded on the store will be quality-tested and scored for their interoperabilty and suitability for particular lines of business.

In a holding statement on the eCO Web site, the company states: "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."

Comments: (2)

A Finextra member
A Finextra member | 17 December, 2013, 13:05

You mention the website but do not provide a link. Can you add one or is this market place private?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Paul Penrose
Paul Penrose - Finextra - London | 17 December, 2013, 13:39

Here you go: http://www.ecofintech.com/

1 thumb up! 1 thumb up! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

UNX launches financial app store

UNX launches financial app store

21 December 2011  |  6957 views  |  0 comments
Backbase launches banking app store

Backbase launches banking app store

11 May 2011  |  9199 views  |  0 comments
Misys plans app store for BankFusion core banking package

Misys plans app store for BankFusion core banking package

05 March 2010  |  12160 views  |  0 comments

Related company news

 

Related company information

Credit Suisse

Related blogs

Create a blog about this story (membership required)
visit dh.comvisit BNP paribas

Who is commenting?

A Finextra member Finextra Member Commented on: Really really really K...
A Finextra member Finextra Member Commented on: In wake of Cloudflare...

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
14184 views comments | 53 tweets | 74 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
8201 views comments | 7 tweets | 4 linkedin
hands typing furiouslyBlockchain Technology
7960 views 1 | 18 tweets | 8 linkedin
Starling releases Open API, talks up marketplace modelStarling releases Open API, talks up marke...
7791 views comments | 19 tweets | 18 linkedin
Barclaycard strikes new wearable deals for contactless jewellery and watchesBarclaycard strikes new wearable deals for...
7274 views comments | 17 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job