Competition in Swiss digital banking heats up as FlowBank enters the fray

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FlowBank, a new Swiss digital bank founded by online trading veteran Charles-Henri Sabet, is set to enter the market in coming months after securing its banking license last month. The Geneva-based venture aims to take on established players including Swissquote by offering online trading and everyday banking services at competitive prices. With more people choosing to invest independently, there is room in the market, Sabet says.