Apiax Wins Swiss FinTech Awards 2019 and Announces Expansion into the UK

Apiax has been named “Early Stage Startup of the Year” at the Swiss FinTech Awards 2019. The startup is also announcing its expansion into the UK and has secured the services of a former FCA expert for this undertaking.

The Zurich-based regulatory technology (RegTech) startup helps banks and wealth managers to ensure their applications and processes are always compliant with financial market regulations. The startup transforms complex regulations into machine-readable rules, which can be integrated into an existing infrastructure via a standard programming interface.

Ralf Huber

Ralf Huber, co-founder of Apiax, stated:

“We are proud to have won this prestigious award. We would like to thank our fantastic team, our customers and our partners as well as the entire FinTech and RegTech ecosystems for their incredible support. We look forward to helping shape the future of compliance with our technology.”

Since the company was founded in May 2017, Apiax has grown to 19 employees today. The company’s success was built with the help of its seven major customers and six partnerships.

Apiax is currently preparing for its expansion into the UK. The startup has recruited Alan Blanchard, a RegTech expert from the Financial Conduct Authority (FCA), for this purpose.

Alan will be supported by additional staff in a new office in London. Apiax believes in the strong potential of the UK market, not only because it continues to hold an important share of the global wealth management and asset management market, but also because London is a rich source of exciting regulatory and technology talent.

Featured image credit: Apiax