A major development is about to shake up the Swiss mobile banking market. Next Tuesday, 11 May 2021, PostFinance and Swissquote will present their collaborative digital banking app Yuh to the public. The innovation project is the result of the joint venture between the two financial pioneers, announced in November 2020.
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PostFinance and Swissquote launch Yuh
The newly founded joint venture aims to consistently adopt fresh approaches in mobile banking. “Yuh will provide people with an app on their mobile phones that gives them the freedom to manage their money as they wish. And they’ll have partners in the background who they know and trust,” says Markus Schwab, CEO of Yuh.
The companies behind Yuh – PostFinance and Swissquote – are both leading providers of online financial services with many years of experience in the Swiss market. The joint solution was developed from scratch and comprises features not yet available on any other banking app in Switzerland.
The best of two outstanding, reliable partners
“A new mobile solution that simplifies banking for customers but also behind the scenes was a logical step in the development of our digital services,” explains Marc Bürki, CEO of Swissquote. “We’re delighted to have found a partner in PostFinance that not only supports us in terms of development, but also has many years of experience in Swiss retail banking.”
PostFinance regards Yuh as a key element and a further milestone in its SpeedUp strategy period. “Customers are increasingly seeking smart digital solutions for their finances. At the moment, they are mainly looking to international providers and fintechs for such solutions. Yuh combines Swissquote’s online banking technology and experience with our high profile and strong position in the retail banking sector,” underlines PostFinance CEO Hansruedi Köng.