The Swiss financial sector has formally entered a new phase of digital integration with the launch of multibanking for private customers, enabled through the open banking platform bLink from SIX.

The rollout, announced on November 25, allows individuals to consolidate account information from multiple banks into a single application, and, with explicit consent, to share that data securely with non-bank financial apps.

The development is being presented as a major step toward an open, interoperable financial ecosystem in Switzerland - one that could reshape how consumers manage money and how financial services firms design products.

Beginning this week, customers at eight Swiss banks and two licensed third-party providers can aggregate their accounts and view balances, transactions, and spending insights in one unified dashboard. More than 30 banks now support the technical interface required for the service, and that number is expected to rise.

Swiss banks and financial institutions are signaling that this is only the beginning of a much larger transition. More banks are expected to enable data sharing through third-party apps in the coming years, while others will create proprietary multibanking tools and services.

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