radicant bank has put in place a succession solution to ensure its customers continue to have access to banking services.
The boards of directors of both radicant and Alpian have signed a corresponding agreement.
Alpian, a Swiss bank regulated by the Swiss Financial Market Supervisory Authority (FINMA), forms part of the Intesa Sanpaolo Group, one of Europe’s largest banking groups.
On 11 November, radicant announced that, in agreement with its majority shareholder BLKB, it would cease banking operations and return its banking license.
This decision is part of an orderly process, with customer deposits remaining fully protected.
radicant and Alpian have developed a solution to ensure customers continue accessing digital banking services.
Both banks’ boards have signed the agreement, and they plan to complete the transition by April 2026.
The transaction is subject to the completion of all corporate formalities.
“Alpian combines a fully digital current account with investment services and personal, professional advice. For our customers, this represents an appropriate succession solution. We are pleased to offer this option together with Alpian,”
said Bruno Meyer, CEO of radicant.
“We look forward to welcoming radicant’s customers to our platform. Our approach is designed to meet the expectations of customers seeking a modern digital bank, and we will ensure the transition is as smooth as possible,”
said Gianmarco Bonaita, CEO of Alpian.
radicant will promptly and clearly inform approximately 20,000 customers about the next steps.
The aim is to ensure customers can continue their banking activities seamlessly with the new provider.
radicant will fully maintain all commitments to customers, employees, and partners.
Featured image credit: Edited by Fintech News Switzerland, based on image by ismode via Freepik
