Aduno Group relies on Swiss start-up when it comes to digitisation
Zurich, 30 March 2016
The Aduno Group is investing in Contovista, a Swiss fintech start-up and leading Swiss provider of personal finance management solutions (PFM). Following the successful launch of the financial assistant for the Schwyzer und Zürcher Kantonalbank, further banks will be going live with Contovista’s PFM solution this year. The Aduno Group has acquired a 14 per cent holding in Contovista and is represented on the Board of Directors.
The Aduno Group, Swiss specialist in cashless payments, now holds a 14 per cent participation in the Swiss fintech company Contovista AG. Following the successful collaboration in December for the launch of the PMF solution for the Zürcher Kantonalbank, the Aduno Group now holds a participation in Contovista and will be represented in its Board of Directors. The Aduno Group’s investment in Contovista will be used to accelerate the company’s growth and to promote the national and international diffusion of their solution. Contovista’s founding partners retain a majority holding in the company. The Aduno Group’s investment in Contovista is to offer its customers as well as partner banks a full-featured PFM and an innovative data analytics solutions. Whilst end customers benefit from a personal financial assistant, PFM offers partner banks an important basis for innovative data analytics solutions in banking.
Martin Huldi, CEO of the Aduno Group: “Digitisation affects all business segments and is gaining importance in the financial sector. This requires strong partnerships with fintech companies such as Contovista. Our customers want individual solutions that are user-friendly. With the personal financial assistant we can meet their requirements and enable our customers an attractive 360° view of their financial transactions. We are delighted about this strategic partnership and we are able to offer our partner banks a service which allows to benefit quickly and cost-effectively from these new technologies.”
Roland Zwyssig appointed new member of the Board of Directors of Contovista
The Aduno Group appointed Roland Zwyssig, Chief Marketing Officer and member of the Executive Board, to become a member of the Board of Directors of Contovista. The PFM solution provides a valuable addition to the range of services the partner banks offer their customers. Contovista’s software enables eBanking and eBanking mobile customers to have an overview of their expenses simply and tailored to their individual needs. The newly developed interface with Viseca Card Services SA, an Aduno Group company, enables the card holder to import credit card transactions into the PFM solution if so required. The integration of credit card data via Contovista’s software can be used by all partner banks of the Aduno Group.
Gian Reto à Porta, co-founder and CEO of Contovista: “We see enormous synergies in the collaboration of Contovista with the Aduno Group. The partnership will enable us to combine the know-how and experience of an established company with the agility and the innovative energy of a Swiss fintech start-up in a unique way. For our customers this means the even faster implementation of our planned solutions in the area of data analytics. We are delighted to be working together with the Aduno Group team.”