Swiss neobank neon and Hypothekarbank Lenzburg have extended their banking as a service (BaaS) partnership to develop new digital platform features.
The renewed agreement will pave the way for the introduction of instant payments for neon customers in the coming weeks.
The partnership dates back to 2018.
Under the arrangement, Hypothekarbank Lenzburg and its IT subsidiary Finstar provide the underlying banking, technological, and regulatory infrastructure that allows neon to operate in Switzerland.
The collaboration currently supports around 250,000 neon customers.
At the end of 2025, Hypothekarbank Lenzburg managed 1.4 billion Swiss francs in deposits from the neobank’s users.
Custody account volumes for the neon Invest wealth product stood at 445.3 million Swiss francs during the same period.
“As a banking partner from the very beginning, we are pleased to continue supporting neon and thank them for the trust they place in us,”
said Silvan Hilfiker, CEO of Hypothekarbank Lenzburg.
Hilfiker added that the new agreement provides the bank with more security and greater options for managing its balance sheet, which has grown significantly due to its banking as a service operations.
“With the new agreement, we are consolidating the basis for further cooperation and ultimately creating the conditions for additional growth in the coming years,”
said Jörg Sandrock, CEO of neon Switzerland.
The companies plan to announce further innovations built on the Finstar platform in due course.
Featured image credit: Edited by Fintech News Switzerland, based on image by Achmad Khoeron via Magnific
