Switzerland first digital private bank offers a secure, ultramodern banking experience
Alpian SA is a new Swiss digital bank that provides people with assets of between CHF 100,000 and 1 million with tailored private banking and wealth management services. To capture a share of this market, which is worth an estimated CHF 660 billion, The Swiss digital bank looked for a partner who have demonstrated the ability to execute and to thrive. Alpian chose Temenos Transact and Temenos Payments delivered as SaaS to enable short time-to-market and a highly efficient cost model. Additionally, Temenos’ well proven products demonstrated to work in many regulatory environments, including Switzerland. To complement its private banking services, Alpian has seamlessly blended everyday banking features into its digital client experience. These include accounts in four currencies (CHF, EUR, GBP, USD) all connected under one IBAN using Temenos Multicurrency functionality. Also, a 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.
With the aim of bringing a new level of banking to the affluent population of Switzerland, Alpian combines machine and human intelligence to offer private banking services and investment expertise to the Swiss affluent. To build a modern experience, the new digital bank chose Temenos to provide the utmost security to its data and wealth clients. Its hybrid model offers a secure, ultramodern 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. The pioneering bank is running on Temenos Banking Cloud, hosted on Microsoft Azure to create an accessible offering that unifies everyday banking with personalized investment and private banking services in a state-of-the-art mobile app.
“The go-live on Temenos Banking Cloud is an important milestone in the launch of Alpian. We are committed to delivering a premium service and with support from Temenos and Microsoft we can focus on delivering an outstanding service and customer experience knowing our core banking technology is taken care of.”Schuyler Weiss, Chief Executive Officer, Alpian
Alpian takes advantage of localized, pre-configured functionality to develop an accessible, appealing banking app tailored to attract its target market. Temenos’ agile core banking and payments capability is combined with the security and efficiency of Microsoft Azure, while all data is stored in local Switzerland datacenters. With Temenos technology, Alpian can innovate faster and offer personalized, customer-relevant products at a lower cost. Temenos Banking Cloud enables Alpian to easily compose banking capabilities and scale based on business demand, helping it to grow profitably while offering exceptional service to clients. Alpian benefits from the elastic scalability of the Temenos Banking Cloud to grow rapidly and cost-effectively as it scales and expands outside Switzerland into Europe.
“Our cloud-based core banking partnership with Temenos has not only allowed alpian to launch truly new digital private banking, It is also enabled us to bring comfort to our clients that their wealth, data, and the relationship with Alpian adhere each of the regulations that apply to a swiss bank”Schuyler Weiss, Chief Executive Officer, Alpian