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“Bank Cooperative” existed until 2017. After leaving the banking job, Coop became a Bank Clerk. Now Coop is returning to the banking business. And it’s versatile.
On the one hand, a partnership with Kreditarbank Lenzburg is planned. The purpose of the collaboration is to sell banking products to Coop customers, according to a statement from the bank on Monday. More details about the collaboration will only be available at the official launch at a later date.
A model is being set up where the partner launches a financial app, but the transaction is executed through the mortgage bank, as Neon already does, for example. Mortgage bank boss Marianne Wildi does not want to comment to Handelszeitung yet on how much new business she expects from the Coop partnership. However, he assures that the mortgage bank is technically capable of acquiring several thousand new customers per day.
Coop also operates in the field of prevention
On the other hand, Coop wants to work with Glarner Kantonalbank (GLKB), as well as Liberty 3a Vorsorgestiftung and other partners in the financial and service sectors. GLKB announced this on Monday. This second collaboration is related to products in the field of retirement services. Glarner Kantonalbank acts as the custodial bank and asset manager of the Liberty 3a pension foundation.
The partnership is linked to the recently launched “Fokus26” strategy and the planned strengthening of the pension sector. (SDA/rae)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
