Banking

MBaer Bank opts for banking services from Swisscom

As it moves into the digital future, MBaer Bank is outsourcing its IT and back-office processes to Swisscom, including payment transactions and securities handling. In spring 2024, the Zurich-based merchant bank will migrate to Swisscom’s managed banking platform using the Finnova core banking system, replacing the IT platform that the fast-growing bank has used since its launch five years ago. The bank is fully outsourcing its IT infrastructure and business processes: Swisscom will maintain and further develop MBaer’s IT systems and provide transaction processing for payment transactions and securities.