Category : Switzerland

German Central Bank: DLT-Based Securities Settlement Successfully Tested

Deutsche Börse, Deutsche Bundesbank and Germany’s Finance Agency have developed and successfully tested a settlement interface for electronic securities, working with a range of other market participants. Securities settlement using distributed ledge...

European Trading-App Freetrade Secures $69 Million in Series B Funding

Freetrade, a London-based investment platform, announced that it has raised $ 69 million during a Series B funding round. The company said that the funds will be used to accelerate its growth in international markets and allow the team to scale its p...

METACO Leverages IBM’s Capabilities for Its Digital Asset Orchestration System

IBM announced that METACO, a provider of security-critical infrastructure that helps large banks manage digital assets, will leverage confidential computing capabilities through IBM Cloud and IBM Cloud Hyper Protect Services for their digital asset o...

Digital Banking Solution Provider Meniga Closes €10 Million Investment Round

Meniga, a provider of digital banking solutions, announced that it has closed a €10 million strategic investment round. The round was led by institutional investors, Velocity Capital Fintech Ventures, and Frumtak Ventures. Other participants in the r...

Fintech Platform Feedzai Raises $200 Million at a Unicorn Valuation

Feedzai, an American cloud-based financial risk management platform, announced that it has secured $200 million during a Series D investment round, valuing the startup at more than $1 billion. The funding round was led by leading global investment fi...

33% of European Fintechs Face Regulatory Intervention Due to Partner Banks

ClearBank, UK’s cloud-based clearing bank, has released a report that revealed 33% of European fintechs have faced regulatory intervention due to agency banking resiliency failures. Agency banking is when a fintech offers its customers a servic...

Kontist: 25 Millionen Euro für Expansion von Echtzeit-Steuerservice für Selbständige

Kontist, Deutschlands erste Neo-Bank mit Fokus auf Freelancern und Selbstständigen, gibt eine weitere Finanzierungsrunde bekannt. Im Rahmen einer Series-B-Runde erhält Kontist von seinen Investoren insgesamt 25 Millionen Euro, mit denen der neue Gesc...

Regtech Spending to Exceed a Whooping $130 Billion in 2025

A new study from Juniper Research has found that spending on regtech, systems that enable banks and other heavily regulated sectors to meet their compliance burdens, will exceed $130 billion in 2025 from $33 billion in 2020. The report named The Role...

Top 50 in Swiss Crypto Valley in 2021

Crypto Valley has been growing rapidly over the past year despite COVID-19. The hub, which includes both Switzerland and Liechtenstein, is home to 960 blockchain/cryptocurrency companies, among which 11 unicorns, that employ over 5,000 people, a new...

Open Banking Becomes a Reality in Latin America

The open banking movement has reached Latin America (LatAm) on the back of a booming fintech sector. The growth of fintech in LatAm started later than in other regions but quickly picked up steam. From 2017 to 2019, fintech investment in LatAm grew m...

Launch of the First Interactive Insurtech DACH Map

Showcasing more than 140 InsurTechs in Switzerland, Liechtenstein, Germany and Austria, in order to better connect the ecosystem, increase its visibility and empower stronger collaboration. ‍House of InsurTech Switzerland (HITS), F10 and Kick...

FINMA CEO to Step Down and Move to German’s BaFin; Jan Blöchliger Takes over

Mark Branson is stepping down as Chief Executive Officer of the Swiss Financial Market Supervisory Authority FINMA. He will take on the role of President of the Federal Financial Supervisory Authority BaFin in Germany from mid-2021. Mark Branson has...

Growth of Switzerland’s Fintech Sector Stalls: Fintech Report 2021

Despite an increase in the number of Swiss fintech companies in 2020, an evaluation of fintech companies’ capitalization and the number of employees working for them signals a slowdown in the growth of the sector, according to the Lucerne University...

Central Banks Ramp up Digital Currency Plans

Around the world, interest in central bank digital currency (CBDC) is growing in response to changes in payments, finance and technology, and on the back of rising digital adoption triggered by COVID-19. A 2021 survey of central banks conducted by th...

Migros Bank kooperiert mit FinanceScout24 für Online-Kredit Vertrieb

Ab sofort werden Privatkredite der Migros Bank auch über die digitale Finanz- und Versicherungsplattform von FinanceScout24 angeboten. Die Migros Bank forciert seit Jahren die Ergänzung traditioneller Vertriebskanäle mit Online-Abschlussmöglichkeiten...