The latest technology news in the wealth management sector from around the world.
Swiss digital bank Alpian has gone live with banking and payment services on Temenos Banking Cloud, provided by Zurich-listed Temenos.
The cloud is hosted on Microsoft Azure to create an accessible offering that unifies everyday banking with personalised investment and private banking services in a mobile app. The Alpian app is now available for customers to download and open an account.
The move comes a few days after Alpian partnered with Napier, global provider of financial crime compliance solutions, to build a risk management platform for the bank.
The bank, incorporated in 2019 and launched in 2020, targets individuals with assets of between SFr100,000 ($106,277) and SFr1.0 million. It provides services such as accounts in Swiss francs, euros, sterling and dollars. It also offers a foreign exchange and bank transfer service, metal debit card with in-app card controls, and a chat interface allowing clients to communicate with Alpian’s Swiss-based banking specialists in four supported languages.
Incubated by REYL Intesa Sanpaolo, Alpian was granted a banking licence from Switzerland’s Financial Market Supervisory Authority (FINMA) in March 2022. This news service interviewed Alpian about its strategy here.
“Huge congratulations to the Alpian team on this go-live. Alpian is reinventing wealth for the mass affluent, and we are excited to see the bank launch in the Swiss market,” Max Chuard, CEO, Temenos, said. “Temenos is supporting wealth management and private banks old and new to meet the needs of a new generation of investors. Our open platform will help Alpian to operate more cost efficiently, with more agility, enabling them to drive innovation in the market and grow sustainably.”