TWINT is a leading payment app in Switzerland and already has over four million users. It allows customers to make payments via smartphone with various types of merchants, including in-store, online, when parking, on public transport, or peer-to-peer. "Launching Swissquote TWINT is the next logical step towards our goal of becoming the first bank for…
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Swissquote also published its guidance for 2022 and medium-term for 2025. The company noted that during the two first months of 2022, it experienced strong customer growth. It’s expectation for net revenues in 200 is to reach CHF 475 million. The company also expects net revenues and pre-tax profit to be CHF 750 million and…
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Marc Bürki, CEO of Swissquote, said: Swissquote’s move to become an issuer for structured products is a further milestone in the continuous development of our product range, and will raise our bank’s profile amongst retail and institutional investors. We are convinced that, by cooperating with Leonteq, we will be able to offer our clients a…
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New appointments Swissquote also revealed that Michela Pollini and Jack Rawlings have been appointed as Executive Directors. Their appointments aim to ensure the continuity and stability of business development as well as the firm’s expansion on UK territory following the CEO’s departure. Marc Burki, said: The UK office will remain a key pillar for our…
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Pre-tax profit came at CHF 223 million in 2021. This represents a 111.2% jump from CHF 105.6 million in 2020. Customer growth Swissquote highlighted that the record results for the year were driven by customer growth and organic net new money inflow of CHF 9.6 billion, higher than previous year’s CHF 5.3 billion. Moreover, client…
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Marc Bürki, CEO of Swissquote, said: With the acquisition of Keytrade Bank Luxembourg we will strengthen our European expansion. Moreover, we will continue to develop our service offering to suit the needs of institutional as well as private clients in Luxembourg and the European Union. We will bring together the strengths of both institutions –…
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The company has adjusted its expectations of the full year, now targeting CHF 465 million in net revenues and CHF 210 million in pre-tax profit, which was initially CHF 130 million. Swissquote continued to expand its crypto-asset offering for retail and institutional customers. The company has over 20 cryptocurrencies and CHF 1.9 billion in crypto-assets…
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Luzerner Kantonalbank (LUKB) and Swissquote will aim to offer clients of Swissquote more attractive terms when it comes to online mortgages for mortgage redemption and home financing. Both banks plan on offering binding financial offers in the space of 24 hours via their largely automated processes and standardised product structures. Marc Bürki, CEO of Swissquote,…
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The announcement stated: The strong organic growth that has been ongoing for months continues at Swissquote. Since the beginning of the year, Swissquote has been registering a massive inflow of new clients and new assets. The first months of 2021 have seen strong trading activities in Swissquote’s main revenue segments (fee and commission, eForex and…
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Canada-based payments processor, Nuvei, are rumoured to be in the process of acquiring Simplex. This Israeli start-up company works to provide crypto companies with a fiat infrastructure. Though the acquisition is yet to be officially confirmed, there have been reports that the companies are in definitive talks surrounding a deal worth around $250 million, paid…
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