FlowBank is a multi-asset trading platform that provides online banking and investment services specifically designed for brokers and corporate clients. The platform facilitates efficient asset management and trading operations, addressing the need for streamlined financial transactions in a complex regulatory environment.
Funding
Funding not disclosed
Founders
Product
Problem
Brokers and corporate clients face challenges in efficiently managing assets and executing financial transactions due to complexities in the regulatory environment and the need for streamlined online banking and investment services. Traditional multi-asset trading platforms often lack the specific features required for professional asset management.
Solution
FlowBank provided a multi-asset trading platform designed to offer online banking and investment services tailored for brokers and corporate clients. The platform aimed to streamline asset management and trading operations by facilitating efficient financial transactions. However, FlowBank SA is now in liquidation, with bankruptcy proceedings initiated by the Swiss Financial Market Supervisory Authority (FINMA) and its license as a bank and securities dealer withdrawn. The appointed liquidators are managing the process of asset distribution and claim settlements.
Target Audience
The intended primary customers were brokers and corporate clients requiring a platform for multi-asset trading, online banking, and investment services.
Features
- Facilitated multi-asset trading.
- Offered online banking services.
- Provided investment services for brokers and corporate clients.
- Aims to streamline financial transactions.