What does it mean to create a whole new kind of bank? What will the banking of the future look like? And what are the obstacles?
i-vest is proud to present the first episode of our new series, which is all about Switzerland’s first digital private bank: Alpian.
Alpian today announced its FINMA banking license and a CHF 19 million Series B+ financing. On this occasion, Olga Miler spoke to CEO Schuyler Weiss in our podcast.
Originally incubated by REYL Intesa Sanpaolo, the Swiss banking group majority-owned by Fideuram – Intesa Sanpaolo Private Banking, Alpian secured a third round of financing which was fully subscribed by the Intesa Sanpaolo Group. It follows a Series A of CHF 12.2 million in 2020 as well as a Series B of CHF 16.9 million in 2021 and will directly support the deployment of Alpian’s whole range of services in Switzerland, comprising both private- and online banking services.
Thanks to the newly obtained FINMA license, which will enter into force upon the completion of certain formal conditions, Alpian will shortly launch its alpha release to internal employees and is set to offer its services to the public by Q3 2022. Through the combination of both machine and human intelligence, Alpian will introduce private banking services and investment expertise to the Swiss affluent.
This hybrid model combines a secure, state-of-the-art banking experience with the support and guidance of Alpian’s qualified wealth advisors, giving affluent clients access to a service normally reserved for those at a traditional private bank.
To complement its private banking services, Alpian has seamlessly woven everyday banking features into its digital client experience, including a simple and cost-effective foreign exchange and bank transfer service, an exclusive metal debit card with in-app card controls, and a chat interface allowing clients to communicate with Alpian’s Swiss-based banking specialists in the four supported languages.
Stay tuned for our next episode – and for the future of banking.
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