Mobile news

Smile and Neon Launch Smartphone Product Line


Swiss digital finance companies Smile and Neon have signed an agreement for the launch of smartphone-based financial products that cover both the insurance and banking needs of customers.

The Swiss banking application Neon and online insurer Smile together will launch a smartphone-based bancassurance product line, according to a statement from Helvetia, the owner of Smile.

The first products to be launched are car, bicycle and home-insurance policies as well as basic bank account services, all for the use on smartphones. The aim of this offering is to provide customers the relevant product where they actually need it most.

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Smile, the digital insurance unit of Helvetia, is following its strategy of developing new business models. It will continue using co-operations with other companies, mainly in digital services.

A few weeks ago, Raiffeisen Switzerland cancelled an agreement with Helvetia for the distribution of bancassurance products. In Neon, the insurance giant has found a new partner for digital products that already is serving the fintech-community.




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