Category : Switzerland

UBS’ Roboadvisor Wealthfront Announces $50 Billion AUM Milestone

Wealthfront, a leading robo-advisor industry, announced that the company now oversees more than $50 billion in assets for over 700,000 clients, largely young professionals across the United States. This year Wealthfront’...

Swiss Digital Asset Company Taurus Expands to Dubai

Taurus, a Swiss fintech company regulated by FINMA in Switzerland, has recently announced its expansion into the Middle East with a new office located in Dubai. The company, known for providing institutional-grade digita...

Central Bank Money Fintech Raises £77.7M in Series B from Banks and Clearing Houses

Fnality – a UK based fintech bringing together the safety and institutional quality of central bank money with the innovative functionality and resilience of blockchain technology – announced a £77.7m Series B funding ro...

Commerzbank Granted Crypto Custody Licence

Commerzbank is the first German full-service bank to be granted the Crypto Custody Licence pursuant to Article 1 Section 1a Sentence 1 No 6 German Banking Act (KWG). The licence will enable the Bank to build up a broad r...

Reports Look at FTX’s 2021 Pitch Deck, Highlighting its Successful Fundraising Strategy

Earlier this month, Sam Bankman-Fried, the founder of defunct cryptocurrency exchange FTX, was found guilty for his role in the collapse of the company. The disgraced founder, who once ran one of the world’s biggest cryp...

New Country Manager in Germany for Truelayer Joins from Payoneer

TrueLayer, the European open banking payments network, has appointed Sebastian Vetter as Country Manager to lead the company’s push in Germany as the market matures for open banking payments. Before joining, Sebastian wa...

Sebastian Vetter Exits Payoneer, Joins Truelayer as Germany Country Manager

TrueLayer, a prominent player in Europe’s open banking payments sector, has recently appointed Sebastian Vetter as its new Country Manager for Germany. This strategic move aims to strengthen TrueLayer’s presence in the G...

Digital Euro Project Moves to Preparation Phase

Europe’s digital euro project is moving to its next stage of development and entering the preparation phase. This new phase will seek to establish the foundations for the potential issuance of a central bank digital curr...

AI to Save Banks $900 Million in Identity Operational Cost

by Fintechnews Switzerland November 15, 2023 A new study from Juniper Re...

Billte Receives Financing Led by Spicehouse and SICTIC

by Fintechnews Switzerland November 15, 2023 Billte , a Swiss company sp...

Neobanking Revenues Climb 43%; Total Number of Customers Surpasses 1 Billion Threshold Worldwide

The neobanking sector is undergoing significant changes where priorities are being shifted from rapid expansion to profitability. New data from Simon-Kucher indicate that the strategy has so far paid off, with an increas...

European Fintech Startup Accelerator Consolidation: Tenity Acquires Hackquarters

by Fintechnews Switzerland November 14, 2023 Tenity announced the agreem...

Viseca Payment Services ernennt ex UBS Digital Banking MD zum neuen CPO

Der Verwaltungsrat der Viseca Payment Services SA ernennt Stefan Brunner zum Chief Product Officer. In der neu geschaffenen Position verantwortet er das Business Development, das Product Management, das Digital Business...

ETF Studie aus Deutschland zeigt Potential für Robo-Advisors

Der Hype um börsengehandelte Indexfonds (ETFs) nimmt kein Ende, wie aus einer neuen ETF Studie von Business2Community hervorgeht. Allen voran in Deutschland scheinen sich ETFs grosser Beliebtheit zu erfreuen. So haben di...

HSBC Executes First Tokenised Physical Gold Trades

HSBC announced the first trades tokenising the ownership of physical gold held in HSBC’s London vault, using distributed ledger technology (DLT). HSBC has developed this capability by creating a ‘digital twin’ of an exis...