Yuh, the financial app from Swissquote and Postfinance is expanding its offering to include the third pillar of Swiss pensions. The technology comes from a Zurich-based digital asset management pioneer.
The finance app Yuh is expanding its offerings to include a digital product for Switzerland's privately funded pillar 3a pension program. To do so, it's relying on technology from digital asset manager Descartes. Yuh and Zurich-based wealth-tech, co-founded by ex-banker Adriano Lucatelli, made the announcement Thursday.
Private Bank is Aboard
Lienhardt & Partner, a private based in Zurich, partnered with Descartes to launch digital retirement savings in 2019, along with Simply3a, the mandatory retirement foundation for Pillar 3a offerings.
Descartes and Lienhardt & Partner provide Yuh with a platform on rented IT infrastructure for Software as a Service (SaaS). Descartes implements the asset allocation of the model portfolios with Zuercher Kantonalbank's index funds.
Yuh, headquartered at Swissquote in Gland in the Canton of Vaud, launched offers for paying, saving, and investing since its launch two years ago and reaches more than 140,000 users. The Pillar 3a offering is expected to go live in the next few months.
