Geneva-based digital bank FlowBank has launched an app that connects users to the global financial markets with the aim to ease the investment process.
The app will enable users to invest in fractional shares as well as bitcoin.
For more experienced and professional traders, the FlowBank app will add to their existing access to FlowBank Pro, the multi-asset-trading platform. FlowBank’s clients will also benefit from educational webinars held by investment professionals, as well as from daily market insights provided by its own analysts.
Stressing on the importance of security and privacy, the firm’s app will keep to clients’ expectations of a bank account and will ensure full protection of deposits up to CHF 100,000 as foreseen by the Swiss Financial Market Supervisory Authority, it said.
Enabling access to a wide universe of financial products globally, the app will allow investors to leverage on stocks such as Amazon, Tesla or Berkshire Hathaway without having to break the bank. To add on, FlowBank clients will be able to invest in bitcoin for less than CHF 100.
With the app’s competitive exchange rates and low commissions, clients will cut costs and time. For a limited time, major Swiss stocks and US shares can be traded at zero commission, it added.
Furthermore, clients can create stock watch-lists on the app and capitalise on thematic lists curated by FlowBank to plan their next investment.
Looking ahead, the firm aims to launch its own FlowBank Card to smoothen everyday purchases for customers. The challenger bank also plans to expand its offering to a private-banking platform specifically targeted at corporate and institutional clients, including banks, asset managers, brokers and FinTechs.
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