Credit Suisse has announced it will launch a digital banking app in October.
In Brief:
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The CSX banking app will offer free online banking capabilities.
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Customers will be able to take out mortgages, invest and plan their pensions.
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It will also include an online debit card.
What does this mean?
The bank says it will be closing around a quarter of its branches to cut costs but still wants to retain and add customers. To do so, it will need to offer digital offerings similar to its competitors such as Revolut and N26.
