16 August 2017
Find out more

Swiss Life to launch pan-European Internet bank

09 November 2000  |  2744 views  |  0 close up of laptop

Zurich-based insurance outfit Swiss Life has announced plans to launch a European online banking portal, redsafe.com.

Scheduled to open in January 2001, Swiss Life says the new bank will provide clients with a comprehensive range of online financial services. Expansion to other European countries is planned for later in the year.

Billed as the first exclusive online bank in Switzerland, Redsafe says it will offer a range of solutions for asset gathering and wealth management on a single platform. Banking products and securities trading will be supplemented by fund and insurance products from multiple providers, including the Swiss Life/Rentenanstalt Group.

The aim of the bank is to provide customers with a complete overview of their current financial position online. All investors will have the option of drawing up their individual risk profile with specific investment recommendations and carrying out transactions in real-time, says the company.

Redsafe Bank CEO is Volker Gerlach, 43, a former manager of Gemini Consulting Switzerland. The bank is headquartered in Zurich and currently employs 40 individuals.

In a seperate announcement, Swiss Life says it will establish an independent company in the UK before the end of the year, with the aim of providing a service platform for expatriates under the name of "Propeller". The new division will offer advice on tax, visas, work permissions and financial services. It is planned to quickly expand into Switzerland and other countries. Business operations will be managed by David Kneeshaw, who was responsible for the private individual insurance business at Swiss Life UK.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Credit Suisse investment service to feature on MSN

Credit Suisse investment service to feature on MSN

27 October 2000  |  2925 views  |  0 comments
Competition tops security in bank Internet fears

Competition tops security in bank Internet fears

28 September 2000  |  2865 views  |  0 comments
Credit Suisse launches European online investment service

Credit Suisse launches European online investment service

19 September 2000  |  3096 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.eudownload the paper nowvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10877 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
9951 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9267 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
8994 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8173 views comments | 6 tweets | 21 linkedin