Financial Services (105)
Somewhere in the German winegrowing region Rheingau, deep down under the Ress’s vineyard estate, there is a bank - the wineBANK. It offers a perfectly well-tempered and secure wine storage space for rent to keep the value of your beloved red and white wines growing. A special degustation room complements the service.
Why it matters
As a reaction to the implosion of the art-market bubble and the ongoing gold-rush, smart investment alternatives like vintage wines are gaining popularity. Will we see ‘high-street banks’ hopping on the train and cooperating with specialists in these alternative areas such as winemakers to expand their offer?
Italian bank Intesa Sanpaulo has sponsored film-makers Ermanno Olmi, Gabriele Salvatores and Paolo Sorrentino to produce ‘Per Fidula’ (meaning ‘Through Trust’), a series of short films exploring the theme of trust. The morale-boosting shorts are not direct plugs for Intesa Sanpaolo, who just have a mention in the closing credits.
E-billing (www.e-rechnung.at) is a new service provided by PostFinance (Yellowbill) and the Swiss banks (Paynet) that gives consumers complete control over bill payments by adopting an online invoicing system. Invoices appear in the consumer’s e-billing mailbox and can be checked and modified before releasing payment. If you are not completely happy with the invoice it can be declined.