Category : Switzerland

Stripe Rolls Out Tax Compliance Feature for Businesses in Over 30 Countries

Stripe, an Irish-American payment processing platform, announced the launch of Stripe Tax to help businesses automatically calculate and collect sales tax, value-added tax (VAT), and goods and services tax (GST) in over 30 countries. The Stripe Tax f...

Basel Committee Mulls Regulating Banks’ Exposure to Cryptoassets

The Basel Committee on Banking Supervision issued a public consultation on preliminary proposals for the prudential treatment of banks’ cryptoasset exposures. While banks’ exposures to cryptoassets are currently limited, the continued gro...

Swiss and French Central Banks to Pilot Wholesale CBDC Project

The Swiss National Bank, the Banque de France and the BIS Innovation Hub announced that, together with a private sector consortium led by Accenture, they will conduct an experiment using wholesale central bank digital currencies (wholesale CBDC) for...

Die Vaudoise Investiert weitere 10 Millionen CHF in Crowdlender neocredit.ch

Die Gruppe Vaudoise Versicherungen investiert CHF 10 Millionen in neocredit.ch, ein Crowdlending-Unternehmen, das sie 2019 mit Credit.fr initiiert hat. Mit dem Betrag werden Projekte von Schweizer KMU mitfinanziert. Mit neocredit.ch können private un...

Vaudoise investiert weitere 10 Millionen CHF in Crowdlender neocredit.ch

Die Vaudoise Versicherungs Gruppe investiert CHF 10 Millionen in neocredit.ch, ein Crowdlending-Unternehmen, das sie 2019 mit Credit.fr initiiert hat. Mit dem Betrag werden Projekte von Schweizer KMU mitfinanziert. Mit neocredit.ch können private und...

AntChain Inks Deal With UEFA EURO to Be Its Official Global Blockchain Partner

UEFA and AntChain, the blockchain business of Ant Group, announced a five-year global partnership around blockchain technologies and to jointly explore how blockchain technology can be used to further the digital transformation of football industry a...

COVID-19 Accelerates Digital Payment Adoption in Armenia

In Armenia, the COVID-19 pandemic has accelerated the adoption of digital payment solutions and boosted e-commerce activity. Beniamin Tadevosyan, CEO and co-founder of Armenian paytech startup PayX told local fintech news site Fintech.am that, while...

COVID-19 Accelerates Digital Payment and Fintech Adoption in Armenia

SoftBank Leads Swedish BNPL Firm Klarna’s Mega Fundraise of US$639 Million

Swedish Buy Now, Pay Later (BNPL) platform Klarna announced that it has secured US$ 639 million during a new equity funding round, pushing its post-money valuation to US$ 45.6 billion. The round was led by SoftBank’s Vision Fund 21, with additional p...

Global Spend on Financial Crime Compliance at Financial Institutions Reaches US$213.9 Billion

LexisNexis Risk Solutions, a global data and analytics company, has released its annual True Cost of Financial Crime Compliance Global Report. The results derived from the comprehensive survey of 1,015 financial crime compliance decision makers at fi...

Financial Crime Compliance at Financial Institutions Globally Reaches US$213.9 Billion

Financial Crime Compliance at Financial Institutions Globally Reaches US$213.9 Billions

German Rob Advisor Scalable Capital Raises €150 Million in Fundraise Led by Tencent

Scalable Capital, a German-based neobroker and digital wealth manager, has raised more than US$180 million (€150 million) in a Series E funding round led by China’s technology company Tencent. This purely primary investment round where existing share...

Nubank Bags US$ 750 Million in Two Series G Extensions, Now Valued at US$30 Billion

Brazilian challenger bank Nubank announced that it has raised a total of US$ 750 million during two extensions of its Series G funding round, raising the round to US$1.15 billion. During the first extension, the challenger bank secured US$500 million...

Digital Banking: Release a New Feature in the Swiss Market in Half the Time

The Swiss banking market is among the most traditional in Europe. With a number of native traditional, private banks and a few European challengers attempting to penetrate the market, it stands to say that the digital banking landscape is evolving ra...