On Friday, digital wealth management FLYNT announced it obtained a banking-license from the FINMA and operates now under FLYNT Bank AG. The start-up stated:
“The banking-license allows FLYNT the required independence to approach Wealth Management in new ways and using innovative technologies, thus enabling private and institutional clients, such as entrepreneurs and family offices, to independently control their total wealth at all times.”
FLYNT stated it is currently developing a proprietary technology platform that enables the holistic and independent management of complex wealth structures for private and institutional clients. The company added:
“FLYNT’s WEALTH ecosystem will connect the dots of bankable and nonbankable assets to unlock multiple opportunities and impacts in liquidity, risk and wealth management and beyond. FLYNT`s WEALTH ecosystem meets the highest security standards and stands-out by independent software modules that enable clients full transparency and control over their total wealth network at any time.”