Virtual Banking

Postfinance and Swissquote To Jointly Launch Digital Banking Application

PostFinance and Swissquote will jointly launch a digital banking app scheduled for the first half of 2021. The two entities have collaborated on online trading for several years and have now extended their partnership with this collaboration and have reportedly

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German Challenger Bank Vivid Money Raises 15 Million Euro in Funding

Vivid Money, a Berlin-based challenger bank, raised 15 million Euro during its Series A funding round for expansion and product development, reaching a valuation of 100 million Euro. Vivid Money launched its financial platform in 2020 in Germany, offering a

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Digital Banking Champions Lead in UX, Functionalities and Ecosystem Building

So-called digital banking champions are delivering the best UX in account opening, transfers and buying a credit product. They are also leading their peers in products and personal finance management, as well as in expanding their digital functionalities to provide

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The Future of Retail Banking is Ecosystem-Based, Mobile-First and Data-Driven: Study

The future of retail banking in Switzerland will be data-driven, ecosystem-based and run primarily through mobile consumer interfaces, a new study conducted by Business Engineering Institute St. Gallen found. The study, commissioned by Contovista, Viseca, smama and e.foresight, is based

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COVID-19 Accelerates Shift to Digital Payments, Virtual Banking: McKinsey

The COVID-19 pandemic and its many repercussions have dramatically changed consumer behaviors, accelerating the move from physical to virtual banking and boosting digital payments, according to a new report by McKinsey. All forms of electronic payments, whether peer-to-peer (P2P) or

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New Swiss Challenger Bank FlowBank to Be Powered by Temenos

Temenos announced that FlowBank has selected Temenos Transact to power its new digital bank in Switzerland. Temenos Transact core banking technology is said to enable FlowBank to rapidly launch and offer a new investing experience to private and institutional investors

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Huawei Developer Conference: Brett King Talks Financial Inclusion, Banking 4.0, and More

At the 2020 Huawei Developer Conference held earlier this week, fintech influencer, best-selling author, and entrepreneur Brett King joined the finance tech.session to talk about the role of technology to improve financial inclusion and shared his views on how banking

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Credit Suisse Tries to Challenge Neobanks

Credit Suisse has entered the challenger banking race with its plans to launch CSX and CSX Young, a digital banking offering at the end of October 2020. CSX claims to combine the flexibility and cost effectiveness of a digital bank

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Helvetia Venture Fund Acquires Stake in Swiss Challenger Bank Neon

The Helvetia Venture Fund invested and holds a stake in neon, which offers app-based banking. This follows a previous partnership where Smile, a Swiss digital insurance solution from Helvetia, and neon offered a mobile bancassurance solution in Switzerland. This round

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10% in Switzerland Use Already Neo and Challenger Banks

Neobanks are on the rise in Switzerland. Every tenth person has already used these new online banking solutions, as the latest Swiss Payment Monitor shows. At the same time, the eradication of cash is not an option for the majority

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