Major banking giant JPMorgan Chase prepares to unveil a new digital retail bank in Germany.
Credit Agricole next bank, the Swiss subsidiary of the French banking group, has partnered with additiv to launch a new digital pension service called Pilla. This service is set to revolutionise the pension sector, offering a fully digital, mobile-first experience that is fully compliant, scalable, and ready to accommodate new solutions as they evolve.
At the heart of Pilla is additiv's orchestration capability. This technology digitises the entire customer journey, from onboarding and risk profiling to investment allocation. The partnership between Credit Agricole next bank and additiv demonstrates additiv's expertise in digital pensions and investment solutions.
Michael Stemmle, the founder of additiv, has been instrumental in the development of Pilla. He stated that the service represents a strategic leap for Credit Agricole next bank, offering a fully digital, mobile-first pension experience that improves access, advice, and efficiency for their customers.
Pilla targets Switzerland's 3a and vested benefits market, allowing cross-border clients living in France, Germany, or Italy while working in Switzerland to manage, contribute to, and monitor their accounts entirely via the app. This eliminates the need for branch visits, providing a more convenient and streamlined approach for managing pension savings.
Pierre Fortis, Development Director at Credit Agricole next bank, stated that Pilla marks a strategic step for the bank as they launch a modern, mobile-first pension product for a more digital-oriented, independent target group. The service is intended for clients seeking a simple and streamlined approach to managing their pension savings.
The partnership between Credit Agricole next bank and additiv also illustrates additiv's open sourcing model. This approach allows banks to incorporate both their own and third-party regulated products into a single, coordinated process without extensive system changes. In this case, additiv's platform enabled Credit Agricole next bank to launch Pilla quickly, with full regulatory alignment and a fully digital customer journey.
The featured image credit for this article is edited by the platform's team, based on an image by EyeEm via Freepik. It is important to note that Pilla complies with Swiss pension regulations.
Through additiv's open sourcing approach, Credit Agricole next bank can orchestrate regulated third-party pension solutions seamlessly into a mobile-first journey. This partnership proves that additiv's platform can set the standard for end-to-end digital pensions, ready to adapt and grow as the pension sector evolves.
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