Swiss private bank partners with digital adviser
Zurich-headquartered Falcon Private Bank has entered into a partnership with Baar-based Move Digital, that provides automated systems including business and market news, data, third party research and analysis as well as digital asset management and investment advisory services.
The partnership, which includes a minority equity investment of Falcon into Move Digital, will enable Falcon to access Move Digital’s platform.
Also Falcon and Move Digital will further develop Move Digital’s offering in portfolio and trading solutions, supporting the bank’s hybrid approach to digital investing.
The offering is planned to be rolled-out to clients in the first quarter of 2018.
Arthur Vayloyan, global head Products & Services, said: “We are delighted to start our first major partnership with Move Digital. Falcon acts as early adopter of Move’s products and services and we are excited to further develop them in close cooperation with Move Digital and its high calibre team. We are convinced that these new technology driven state-of-the-art solutions increase our attractiveness and have a positive impact on our organisation and growth.”
Mohammed Alaoui, co-founder & CEO of Move Digital, added: “We are excited to partner up with an agile bank like Falcon that shares our vision of digitally enabled financial institutions and look forward to realise the synergies the cooperation will bring.”