Frank Schwab joins the Sonect Advisory Board
With Frank Schwab, Sonect was able to win one of the most influential fintech and banking experts in the German speaking countries as an advisor.
As former Chairman of Hufsy and as former CEO of Fidor TecS AG, Frank Schwab has profound knowledge of the market launch of disruptive, digital banking solutions.
Thanks to Frank Schwab, Sonect gains access to a wide cross-industry network in the German fintech sector. With his many years of experience in the strategic development of future-oriented payment technologies, he will support Sonect in positioning the brand sustainably in the German market.
Frank Schwab is a strategic consultant, member of the Board of Directors of Gulf International Bank in Bahrain and member of the Risk Advisory Committee of PayU in Amsterdam. He is co-founder of the Frankfurt FinTech Forum, which was founded in 2013.
Quote Frank Schwab
“To me, Sonect is the “Uber of ATMs.” In view of the current digitalization in banking and mobile and contactless payment, hardly anyone knows that – in absolute terms – we are still dealing with annually increasing cash volumes. This is a FinTech niche that Sonect already successfully serves in Switzerland.
Quote from Sandipan Chakraborty, CEO Sonect
“We are proud to welcome Frank, a fintech pioneer and one of the most respected people in our sector. Frank joining our advisory board is a vote of confidence in our solution in the German market. With his experience and his network, Frank will play an important role in our international expansion”.
Sonect, a Zurich-based fintech start-up, was founded in 2016 and employs 30 people in Zurich, Vilnius, and Mexico City. The start-up provides a platform that makes financial services easily accessible from anywhere. Through Sonect, every cash register becomes an ATM, and thanks to the Sonect app, cash withdrawals are simpler, faster, and more cost-efficient. With over 2300 Sonect shops, Sonect already operates the largest ATM network in Switzerland.