Category : Switzerland

Miami Sees Booming Fintech Ecosystem Amid Favorable Political Environment and Latam Opportunity

As Miami rapidly becomes a central destination for technology development and a symbol for the tech exodus from Silicon Valley, fintech companies are flocking in the city, looking to leverage its Latin American (Latam) ties and crypto-friendly politi...

Swiss Bitcoin Investment App Relai Bags CHF 2.5 Million in Series A Led by Redalpine

Swiss bitcoin investment app Relai announced that it has raised CHF 2.5 million in a Series A round led by Swiss VC Redalpine less than one year after going to market. Relai received additional backing from Polytech Ventures, Bitcoin-focused Fulgur V...

Swiss Federal Council Brings DLT Act Into Force and Issues Ordinance

The Swiss Federal Council has introduced the Federal Act on the Adaptation of Federal Law to Developments in Distributed Electronic Register Technology which will come into full force on the 1st August 2021. The associated blanket ordinance will also...

Swiss BBVA Rolls Out Crypto Asset Trading for Its Private Banking Clients

BBVA Switzerland makes its first crypto asset trading and custody service available to all its private banking clients after six months of testing with a selected group of users. The new service is available only in Switzerland and has started operat...

BBVA Switzerland Rolls Out Crypto Asset Trading for Its Private Banking Clients

McLaren Inks Deal With Tezos as Official Blockchain Partner, Creates NFT Fan Platform

McLaren Racing has selected Tezos, a Luxembourg-based open-source blockchain protocol for assets and applications, to become the team’s official blockchain partner in a new multi-year technical partnership across Formula 1, INDYCAR and esports. McLar...

EU’s Shareholder Rights Directive II, a Catalyst for Change in the Securities Industry

September 10, 2020 marked the deadline for member states of the European Economic Area (EEA) to implement new measures required by the Shareholder Rights Directive II (SRD II). SRD II, which came into force on June 09, 2017, amends the Shareholder Ri...

Freight Payments Platform PayCargo Secures US$125 Million From Insight Partners

PayCargo, a freight payment platform in the U.S., has announced a US$125 million Series B investment by global venture capital and private equity firm Insight Partners. The Series B Round comes just nine months after Insight Partners’ previous...

JPMorgan Chase to Acquire Robo-Advisor Nutmeg Ahead of U.K. Digibank Launch

JPMorgan Chase announced it has entered into an agreement to acquire U.K.’s digital wealth manager Nutmeg Saving and Investment Limited, subject to regulatory approval. The acquisition will complement the digital bank that is planned for launch...

BearingPoint Inks Deal to Acquire Ireland’s Vizor to Combine Their Regtech Portfolio

BearingPoint RegTech, a European provider of innovative regulatory, risk, and supervisory technology solutions, has acquired Vizor Software, a Dublin-based regulatory and supervisory technology provider for an undisclosed sum. The current management...

Prominent VC Firm Andreessen Horowitz Warns of Long-Term Costs Implications of Cloud

In a lengthy analysis, Silicon Valley venture capital (VC) firm Andreessen Horowitz (a16z) argues that software companies could save billions by “repatriating” workloads from the cloud and running IT infrastructure themselves, shattering the common b...

Wise Seeks to Be the First Tech Firm With Direct London Listing

Wise, a London-based remittance firm formerly known as TransferWise, is seeking the first direct listing of a technology company on the London Stock Exchange. The firm said that it has no plans to raise capital ahead of the listing. Reuters had previ...

UK Fintech 10X Future Technologies Raises US$187 Million in Series C Fundraise

10x Future Technologies, London-based cloud banking platform, announced the completion of an oversubscribed US$187 million Series C financing round. The funding round was co-led by funds managed by BlackRock and Canada Pension Plan Investment Board (...

VALK Secures a Place in the UK FCA’s Regulatory Sandbox

VALK, the London-based end-to-end digital transaction solution for private markets built on Corda, has secured a place in the UK Financial Conduct Authority’s regulatory sandbox. Launched in 2016, the FCA regulatory sandbox is designed to help the fi...

Mexican Fintech Credijusto Acquires Banco Finterra for Under US$50 Million

Credijusto, a Mexican lending platform for small businesses, announced the acquisition of a local bank Banco Finterra which specialises in financing solutions for small businesses and the agriculture sector. According to Reuters, Credijusto acquired...