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Konrad K Häuptli

ABOUT THE AUTHOR

Konrad Häuptli graduated from the University of Berne, qualified as an attorney-at-law and was admitted to the Bar of the Canton of Berne. He joined HSBC in 2002 after working with Swiss Re for over 20 years. He then went on to work for KENDRIS in 2016 after retiring as former CEO of HSBC’s Trust Companies in Switzerland. Konrad Häuptli is a member of the Advisory Board of the Swiss Association of Trust Companies (SATC) and is also a member of mixed expert groups representing SATC. He has been managing family assets and has been involved in entrepreneurial activities, board assignments as well as private equity investments.
Neobanks

by Konrad K Häuptli | May 8, 2024 | Regulatory

The case

Neobanks generate revenue from sources such as interchange fees for transactions, interest on loans and deposits, subscription fees for premium services and partnerships with other financial institutions. The diversification of revenue streams contributes to long-term sustainability.

Source: ​SDK.finance and Le Temps “Neobanques” (06/05/2024)

The commentary

The banking services of the two models (traditional banks as opposed to neo-banks) will probably become more and more similar over time, an expert states, pointing out “But that’s not really surprising. Ultimately, the banking business is simple: saving, paying, investing, financing. Neobanks can’t reinvent the wheel – they can only make their services cheaper, faster and better than those of traditional banks.”

Yet one should also note that neobanks are also tapping into new business areas. According to the Financial Times, Revolute has been looking into monetising its customer data with advertising partners to diversify its revenues. According to the Financial Times, Revolute has set the target of generating £ 300 million by 2026. Contacted by Le Temps, Revolute did not want to provide any further information. At the beginning of 2024, Revolute also launched a service as a mobile phone provider with a paperless SIM card for travellers who can use a mobile data top-up service in around 100 countries. (Excerpt “Neobanques” Le temps 06.05.2024).

This publication has been prepared solely for information purposes and is does not constitute a recommendation, a solicitation, or an offer. The information on which this publication is based has been obtained from sources that we believe to be reliable and in good faith, but we have not independently verified such information and no representation or warranty, express or implied, is made as to its accuracy. All expressions of opinion are made as of the date of publication and may be subject to change without notice. k-flash and all related affiliates accepts no liability or responsibility whatsoever for any consequential loss of any kind arising out of the use of this publication or any part of its contents. The use of this publication should not be regarded as a substitute for the exercise by the recipient of his or her own judgment. This publication is not directed to any person in any jurisdictions that prohibit such publication.
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