Incumbents queue up to follow fintechs onto ClearBank’s platform

The banking-as-a-service provider enjoys a boost as older banks accelerate digital transformation. It also harbours ambitions to become a cross-border clearing bank.

Credit Suisse is the latest traditional bank to launch a new digital brand. At the end of October, it will offer CSX, a digital service for new clients that lets them conduct all their banking business by smartphone.

CSX is intended for all private clients in Switzerland who want to complete their banking business swiftly and easily

Anke Bridge Haux, Credit Suisse
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It includes a private account in Swiss francs, a debit Mastercard for online use that waives foreign transaction fees and an app with various self-service functions.

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