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Swiss digital private bank startup, Alpian, raised $ 18 million | Instant News

Alpian, Switzerland’s first mass-market digital private bank, has raised US $ 18 million in its Series B funding round

Alpian, which is incubated by Swiss banking group Reyl & Cie, plans to launch this year – subject to a full banking license from the Swiss Financial Market Supervisory Authority.

This startup is targeting a sizeable demographic in Switzerland – those with investable assets of between CHF100,000 and CHF1 million.

The company plans to persuade these mass wealthy clients by using a combination of machine intelligence and human advisors to create a unique portfolio aligned with personal “preferences, beliefs, philosophies and goals.”

In addition to the core personal banking offering, each account will come with a debit card and a multi-currency account. Alpian also invests in the creation of educational content on financial matters through its recently launched i-vest platform.

Schuyler Weiss, CEO, Alpian, said: “While the Series A fundraiser was aimed at building a digital bank, the Series B fundraising was intended to be used in principle to launch the bank on the Swiss market.

“This approach ensures that Alpian will be in a strong position to provide the best possible service to its customers by the end of this year subject to the issuance of a full banking license by Finma.”


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Commerzbank will lay off 1,700 jobs in Germany | Instant News

Commerzbank will cut 1,700 jobs in Germany under a voluntary redundancy program due to be completed by the end of the year.

The cuts mark the start of a three-year cost reduction program announced in January that will result in 10,000 job losses and the closure of 340 branches by 2024.

The bank, which employs nearly 50,000 people worldwide, said that one in every three jobs in its home market in Germany would be lost while its 790 branch network would be reduced to 450.

Following negotiations with union leaders, Commerzbank will offer workers a voluntary termination agreement starting July 2021.

“The voluntary program is an important step in reducing the number of staff required,” commented Sabine Schmittroth, a board member in charge of the group’s human resources. “We are quickly providing instruments that will reduce the cost base in the coming year.”

In the first quarter of 2021, the bank will post restructuring fees totaling around € 470 million to cover program costs.


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Railsbank is launched in Australia in collaboration with Volt | Instant News

Railsbank’s embedded finance platform has been launched in Australia in partnership with digital challenger bank Volt.

Under the partnership, Railsbank will leverage the banking platform and infrastructure as Volt services to distribute products such as bank accounts, cards and payment solutions to Australian consumers.

Volt will in turn leverage Railsbank’s global network of partner brands to build on a broader BaaS offering that will enable companies to prototype, launch and scale financial products across a variety of use cases.

Nigel Verdon, co-founder and CEO of Railsbank, said: “This deal has a personal resonance for me because one of my ancestors, Sir George Verdon, was general manager and founder of ANZ Bank, so it’s great to be back in Australia again. “

Railsbank is headquartered in the UK and has offices in Singapore, Philippines, Malaysia, Vietnam, Sri Lanka, USA, Germany and Lithuania.

In November 2020, Railsbank raised US $ 37 million to support global growth and product expansion. The deal with the Volt is seen as a launch pad for a more expansive play across Asia, with a view to deepening its footprint in Japan, the Philippines, Thailand and Vietnam later this year.

“Working closely with Volt gives us access to local knowledge and capabilities to help us succeed,” said Justin Xiao, COO of Railsbank, Asia Pacific. “This is a significant partnership for Railsbank as we continue global expansion and strengthen our foothold in the Asia Pacific.”


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Techemynt launches the first New Zealand dollar stablecoin | Instant News

New Zealand listed financial services provider, Techemynt, has launched the first stablecoins pegged to the country’s dollar.

Backed 1: 1 by the New Zealand dollar, $ NZD is used on the Ethereum blockchain by Blockchain Labs, using the FiatToken framework developed by the Center.

Techemynt says $ NZD combines the stability and value of the dollar with cryptocurrency’s intrinsic utility to enable arbitrage, remittances and digital payments.

The stablecoins will be immediately available to customers who wish to earn NZ $ 100,000 or more $ NZD tokens. It will also be available on secondary markets including the Dassetx.com cryptocurrency exchange.

Fran Strajnar, executive director, Techemynt, said: “After nearly a year of development, $ NZD is now the first to fully execute and fulfill its promise to bring New Zealand Dollar stablecoins to the world.”


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The App State 2021 schedule features two national TV games and one last season against Georgia Southern | ASU | Instant News

Running Camerun Peoples again helped Appalachian State hit a 9-3 record last season.

Andrew Dye, Journal

Appalachian state football announced its full schedule on Monday, a 12-game set featuring three midweek and end-of-season fixtures with Georgia Southern.

This will be the first time Mountaineers will host the Eagles on Saturdays since 2013.

The Appalachians will also get more than a week between some of their famous conference games: An opening 10 days ahead of their fight with Louisiana, and an opening eight days before their home game against Coastal Carolina. Both games are said to be broadcast on national TV, according to a school release.

App State went 9-3 last season, winning its first Myrtle Beach Bowl.

Following are the details of the 2021 team schedule:

September 2 (Thu) – East Carolina

The Mountaineers open their season at Bank of America in Charlotte, playing in East Carolina for the first time since 2012.

This will be former assistant Frank Ponce’s debut as App State’s offensive coordinator. He was on staff from 2013 to 2018, and spent the last two seasons at Louisville.

September 11 – in Miami (Fla.)

App State takes a trip to Coral Gables to complete a home-and-series between two schools. Miami came to Boone in 2016 for a 45-10 win in what was, at the time, a record attendance for the Kidd Brewer Stadium.


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