The Swiss bank inked a strategic tie-up with a fintech whose digital platform is roiling the Swiss mortgage lending market.
Zurich-based Credit Suisse is partnering with Moneypark and with Pricehubble in a home equity loan cooperation, it said in a statement on Tuesday. It revealed no financial details of the tie-up.
Moneypark, a Swiss fintech backed by insurer Helvetia, is the market leader in online mortgage broking in Switzerland, usurping major home equity lenders UBS, Credit Suisse, Raiffeisen, and cantonal banks. Pricehubble, also co-founded by Moneypark founder Stefan Heitmann, offers property valuations and market insights to financial service providers.
Data Plus Financing
Specifically, Credit Suisse clients will have access to a property dashboard with data such as property valuation and market dynamics baked in. They can also search for property investments or find potential buyers – with Credit Suisse's financing solutions.
The tie-up «complements our product portfolio in line with the bank’s strategic focus and represents a great advancement for innovative banking in the Swiss real-estate market,» said Anke Bridge Haux, who is head of digital banking at Credit Suisse.
