Cash: Joint venture with Bank Zweiplus

Ringier and Bank Zweiplus have founded a joint venture, Ringier writes in a statement: Cash Zweiplus. Ringier is contributing the Cash brand and the business and finance platform of the same name with 170,000 unique users to the joint venture. Bank Zweiplus is contributing its direct customer business: The more than 30,000 bank customers will access online banking via the Cash platform with immediate effect. Bank Zweiplus will remain responsible for all account and custody account management and related tasks. For the first time, business and financial information, advice and banking services will be provided from a single source, the statement continues. Cash will continue to offer information as before: News, commentary, background reports and analyses, as well as market data. The platform provides its customers with the full range of financial services: savings, investments, pensions and financing - combined with personal advice from a team of 30 specialists. As a "cross picker," the user chooses for himself which parts of the offering he wants to use. Cash's existing information offering will continue to be available to all interested parties free of charge.

The business model

The business model of Cash Zweiplus is based on the one hand on the banking business, and on the other hand on the classic publishing business consisting of user and advertising markets. Cash Zweiplus is owned 50/50 by Ringier and Bank Zweiplus. The Board of Directors has equal representation. Bank Zweiplus is represented by Alfred W. Moeckli (Chairman) and Markus Aisslinger, Ringier by Michael Voss and Martin Werfeli.

Cash Zweiplus employs 46 people. The Executive Board consists of Christoph Hartgens (Chief Executive Officer), Marcel Gamper (Chief Customer Officer - Banking), André Michel (Chief Operating Officer - Publishing Business) and Urban Scherrer (Chief Technology Officer). The editorial team will continue to be headed by Editor-in-Chief Daniel Hügli.