St. Galler Bank Acrevis enables asset managers, foundations and family offices to access a new wealth platform that offers clients the highest level of transparency and control over all their assets.
Acrevis Bank from Eastern Switzerland and the Zug-based fintech company Altoo have sealed a partnership for a digital wealth platform, according to an announcement made on October 29th.
For Acrevis Bank, which has branches from Lake Constance to Lake Zurich, the partnership with Altoo represents a further step in the expansion of its network: “By working together with specialized partners, we can offer our customers the best investment solutions in a flexible and independent manner,” explained Sandro Schibli, Head of Private Banking at the institute.
Find more details about the recent partnership between Acrevis Bank and the fintech company Altoo with our companion app Born2Invest. Discover the world’s most interesting business headlines with the mobile app Born2Invest. The app provides its readers access to the latest news in global business, stock market, finance news, and also trending topics like bitcoin, cryptocurrency, biotech, and fintech.
Altto is a slightly different equivalent twin of Flynt
The Zug-based fintech company Altoo emerged in April 2018 from the earlier, never-ending Flynt banking project launched by former Leonteq co-founder Jan Schoch. However, Altoo is not a baby of Flynt, but rather the equivalent twin – but with one important difference.
“Altoo differs in particular in that we are not a bank, but as a pure software company, we focus on developing the technology. This gives us greater leeway in terms of geographical expansion as well as with potential customers,” said Altoo CEO Martin Stadler at the time.
Control over total assets
It may be an irony that of all things the lack of a banking license, which Schoch had striven for with great consistency and financial commitment, should now help him to succeed.
With regard to the cooperation with Acrevis Bank, Stadler said on Thursday: “We are pleased to intensify our cooperation with Acrevis Bank. The positive feedback from the first joint client relationships has shown that the added value of being able to obtain transparency and control over total assets in a simple way is highly appreciated.”
Altoo’s services can also be accessed via a mobile phone
One of the greatest benefits of the Altoo Wealth Platform is the consolidated overview of assets of all kinds. “This gives clients a complete and up-to-date overview, even of complex structured assets.”
Schibli continued: “And that’s also possible while on the move,” Schibli added, “using a mobile app, access can be set up specifically for self-selected parts of the assets.”
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in finews.ch, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Vans Launches Hemp-Based Sneakers
Analyzing every detail necessary for the development of the product, Vans incorporated sustainability where possible. The unique piece carries a...
Which Are the Best Securities Accounts for Sustainable Active Funds
A total of 24 providers of custody accounts for active ESG funds were evaluated, three times receiving the grade "Very...
The Weekly Export Sales Report for Rice Showed Poor Demand
Rice was lower on Friday but higher for the week and sideways trends held together in response to the USDA...
Solana Price Forecast for July: Trading Volume on NFT Marketplace Magic Eden Increases
Most recently, Solana was used to develop Magic Eden, the fast-growing non-fungible token (NFT) marketplace. It has become a leading...
Dedalus Extends its Network in Spain with the Creation of a Digital Health ‘Hub’ in Barcelona
Currently, Dedalus has a presence in the UK and Ireland, Northern Europe, Austria, Switzerland, Spain, China, Brazil, Australia, New Zealand,...
Biotech2 weeks ago
Satellos Bioscience’s Stem Cell Signaling Research Could Turn the Tables on Muscular Dystrophies
Featured2 weeks ago
Ecopetrol Shares Led the Stock Market Decline, with a Drop of 11.92%
Biotech2 weeks ago
Biotech Startups Double their Innovative Capacity
Featured2 weeks ago
A History of Market Dips: Where’s the Market Headed?