Selector 8:00pm - 10:00pm

Listen Live

Search

Potential new bank coming to Switzerland

Thursday, 17 September 2026 06:35

Fintech giant Revolut is applying for a full Swiss banking licence and wants to become Swiss customers' everyday bank

 Directors Julian Biegmann and David Tirado said that Finma approval would let clients receive their salaries directly and deposit their savings with Revolut in Switzerland for the first time.

The company has committed to investing more than CHF 150 million locally over five years, tripling its Swiss team from 30 to around 90 people by end of 2027.

If granted, the licence would put Revolut in direct competition with Switzerland's established banks.

The final decision rests with the Swiss regulator.

 

Share

More from Bitesize News

  • Lausanne bike shelters get an upgrade

    Lausanne's grey metal Vélobox bike shelters, mocked as "Soviet bunkers" since their rollout in January, are getting an artistic makeover

  • Cook from Vaud goes global

    A 31-year-old Vaudois cook is finding a global audience for a very local idea — low-calorie versions of classic comfort food

  • Lake Zurich at record low

    Lake Zurich is at its lowest level ever recorded, 22 centimetres below the previous 1952 low

  • Ticks more prevalent in Switzerland

    Ticks are moving to higher altitudes in Switzerland, with researchers now recording them at up to 2,300 metres

  • Winter flu wave expected

    The Federal Office of Public Health expects Switzerland's flu wave to hit from mid-December, but some vaccine deliveries are already running late

  • Cross border gun burglaries

    French criminal networks are recruiting teenagers on Snapchat and TikTok to break into Swiss gun shops and feed the black market across the border

Follow WRS

Download our app

  • Available on the App Store
  • Available on Google Play