Category : Switzerland

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...

Julius Baer Rolls Out Digital Onboarding for Its Private Clients

Swiss wealth management group Julius Baer has introduced a guided digital onboarding solution for clients, including a complete video identification service. The bank claims to be one of the first wealth managers to provide a guided digital onboardin...

Global Mapping: Open Banking Key Players in 2021

Dutch payment news and intelligence the Paypers has released an updated version of its infographic of the global open banking ecosystem in 2021, mapping key solution providers and their core offerings and solutions. The map categories open banking co...

Avaloq’s CEO Steps Down Following NEC Merger

Swiss core banking solution provider Avaloq announced that Juerg Hunziker will be stepping down as CEO by the end of March following its recent acquisition by Japan’s NEC Corporation. In the meantime, the current Group Executive Board members M...

Neobanks Come for Kids and Teens

Neobanks and digital banks have set new standards in customer experience and expectations, pushing incumbents to get out of their comfort zone and innovate. After accumulating an estimated 39 million users worldwide, neobanks are now coming after the...

Crypto Firm Bitcoin Suisse’s Banking License Application Rejected by FINMA

The Swiss Financial Market Supervisory Authority (FINMA) has rejected Swiss cryptocurrency trading platform Bitcoin Suisse‘s banking license application, deeming it ineligible for approval. Bitcoin Suisse had previously submitted an application...

An Overview of the Swiss Green Fintech Sector

Riding on the rise of sustainable finance, a new wave of climate-focused fintechs are emerging in Switzerland to provide customers with environmentally-friendly digital financial services and investment opportunities. Thomas Ankenbrand and Marc Grau...

Austrian Crypto Broker Bitpanda Secures Unicorn Status With $170 Million Funding

Bitpanda, an Austrian digital investment platform dealing with cryptocurrency, announced that it has closed it Series B funding round with an investment of $170 million and attained unicorn status with a valuation of $1.2 billion. The funding round w...

Payments Provider SumUp Raises €750 Million in Debt Facility

London-based global payments service provider SumUp announced that it has raised a €750 million facility from Goldman Sachs, Temasek, Bain Capital Credit, Crestline, and funds managed by Oaktree Capital Management. The current round was oversubscribe...