Fintechs, banks and insurtechs form synergies

Established organisations are leaping into digital services thanks to technologies developed by Swiss startups. While fintech startups Alpian and vestr are working on new solutions for their new partners, Approovd has already digitised over 160 model contracts for Swico and SwissICT.

Following Fideuram- Intesa Sanpaolo’s CHF 19 million equity investment into Alpian, the private bank has Fideuram-ISPB has identified Alpian as a strategic partner to advance its digital wealth management offerings, which currently serve 60’000 clients. This strategic partnership will accelerate the evolution of the digital wealth management offering of Fideuram-ISPB. The Geneva based startup has developed expertise in building mobile-first digital wealth management offerings using cloud-based technologies and agile product development. Combining this expertise with Fideuram-ISPB’s private banking knowledge will create a product roadmap designed to enhance the digital wealth management offerings for Fideuram-ISPB’s clients.

Luzerner Kantonalbank chooses vestr
Founded in 2017, vestr built an easy-to-integrate platform that digitises the life-cycle management of issuers’ actively managed investment products. The tuneable software engine handles everything from portfolio rebalancing to investor reporting and audit trails, so issuers and asset managers can focus on their core competencies. The Luzerner Kantonalbank (LUKB) is partnering with vestr to scale up its active management business through certificates. The development of a cloud-based platform allows LUKB to swiftly and elegantly launch and issue AMCs. This type of structured product offers attractive opportunities for investors to benefit from exposure across industries, regions, or asset classes. LUKB’s B2B clients have the full overview of their investment portfolios via the platform. Asset managers can adjust their portfolios in a few clicks, anywhere and anytime. They can also create customised reports that they can share with their investors for a detailed overview of their respective portfolios.

Swico, swissICT und Approovd
Zurich based Legaltech startup Approovd is a specialist in digitising contracting. The startup combines legal know-how with pattern recognition and machine learning to enable companies to create automated and verified contracts efficiently and cost-effectively. The startup will be automating the model contracts for Swico and SwissICT with over 160 other high-quality templates provided on a subscription. The model contracts of the two ICT associations have been available as Word templates for over 20 years. Developed by renowned lawyers and proven themselves in practice, the contracts are being transferred to a new, digital format. After evaluating various solutions, the two associations deliberately decided against developing a new store themselves. Instead, the contracts were automated by Approovd. Thanks to the cooperation, members of Swico and swissICT benefit from preferential prices.

(Press release/RAN)