Published on November 5, 2024 at 05:40.
The news had been expected for several months. And it is now done. Revolut has established itself physically in Switzerland to be able to expand its offering: the British fintech launched last week a range of investment products such as European and American stocks, exchange-traded funds (ETFs) and automated tools of portfolio management.
“Revolut’s expansion is an exciting step for the digital banking sector. It offers the Swiss customer more choice,” emphasizes Andreas Dietrich, professor of finance at the University of Lucerne (HSLU). The announcements from one of the largest fintech players on the Old Continent, however, do not revolutionize the sector because the products launched are already partly available from local competition, made up of a multitude of small players, the best known of which are notably Yuh and Neon.
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