How can integration with third-party services be achieved in Avaloq ICE?

Integration with third-party services in Avaloq Integrated Customization Environment (ICE) is primarily achieved through the use of RESTful or SOAP APIs. These APIs provide a standardized method for communication between different software systems over the internet, allowing for seamless exchange of data and functionality.

REST (Representational State Transfer) and SOAP (Simple Object Access Protocol) are widely used protocols for web services that enable different applications from various sources to communicate with each other. By utilizing these APIs, Avaloq can effectively integrate with external systems, allowing for features like retrieving data from external databases, sending transactions to different financial services, or even interacting with external applications to streamline workflows. This approach supports scalability and flexibility, making it easier to adapt to changing business environments or technology stacks.

Other options, such as proprietary data formats or direct database connections, do not provide the same level of interoperability and standardization that RESTful or SOAP APIs offer. While CSV data uploads can be useful for importing data in bulk, they are not an optimal solution for continuous integration or real-time communication with third-party services. Thus, using APIs stands out as the most effective and efficient method for achieving integration with third-party services within the Avaloq ICE framework.