Leonteq founder, CEO and major shareholder Jan Schoch is also launching digital wealth manager Flynt. The planned bank for the super-rich notched up a key milestone this week.
Flynt Bank AG first fintech firm to win a bank license from Switzerland's financial regulator Finma. The firm was submitted to Zug's commercial on Friday and will be published in coming days.
The bank license is a long-in-the-doing development step which affords Flynt the independence to pursue wealth management with what it calls technologically innovative ways, according to a statement. CEO Stijn Vander Straeten (pictured above) said Flynt will target private and institutional clients such as entrepreneurs and family offices, with the aim of helping them exercise independent control over their finances.
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Flynt said it employs a 43-person team of 10 nationalities, combining software engineers with wealth management specialists. The spectrum of specific knowledge allows the firm to combine technology, innovation and finance into a digital ecosystem, Flynt said.
The bank, launched by by Leonteq founder, CEO and major shareholder Jan Schoch, is working on a «wealth ecosystem» platform which will provide investors with complete and independent management of their complex financial structures.
The platform will combine bankable and non-bankable assets in order to show potential and offsets which go beyond the liquidity, risk and portfolio management views that banks have traditionally provided to wealthy clients.
