Category : Switzerland

Generative AI to Produce up to US$340B Yearly in Additional Revenues for the Banking Sector

Generative artificial intelligence (AI) is expected to have a significant impact across all industry sectors but banking will be among those the most impacted, a new report by McKinsey and Company says. Estimates by the consultancy show that the tech...

Fintech Was Sequoia Capital’s Top Investment Category in 2022

2022 was a challenging year for the fintech sector. Funding dried up, stocks plunged and many companies were forced to shut down or sell themselves. But despite a trying environment that was marked by an uncertain economic picture and growing recessi...

Backbase Acquires UK Digital Wealth Platform Nucoro

Backbase announced its acquisition of Nucoro, the UK-based digital wealth platform for an undisclosed amount. The acquisition will allow Backbase to incorporate Nucoro’s headless platform capabilities directly into the Backbase Engagement Banking pla...

Bank of China and UBS Issue First Fully Digital Tokenized Structured Notes in Hong Kong

BOCI (Bank of China) has successfully issued CNH 200 million fully digital structured notes, making it the first Chinese financial institution to issue a tokenized security in Hong Kong. The product was originated by UBS and placed to its clients in...

EPAM Announces Strategic AI Partnership With Google Cloud

EPAM Systems, a digital transformation services and product engineering company, announced a strategic, global partnership with Google Cloud to develop and deploy Artificial Intelligence (AI)-first Google Cloud solutions to help enterprises overcome...

Neon Customers Tap Cross-Border Payments Thanks to Wise Platform Integration

The partnership between Swiss neobank Neon and cross-border payment specialist Wise is providing the neobank’s customers with faster, lower cost and more transparent international payments, allowing them to send move in more than 40 currencies around...

Martin Scholl wird Beirat der Finanzberater Matching Platform FinFinder.ch

Analog einer Börse kann man anhand individueller Suchkriterien auf der Finanzplattform www.finfinder.ch geprüfte Finanzcoaches auswählen. Bereits heute sind auf der Plattform über 200 Finanzberaterinnen und -berater registriert. Im Zuge der Weiterent...

BlackRock and Avaloq Form Strategic Investment Solution Partnership

Avaloq and BlackRock, through its Aladdin Wealth business, have formed a strategic partnership aimed at enhancing their investment technology solutions for wealth managers and private banks. As part of the strategic partnership, BlackRock is making a...

frankly – bietet neu auch digitale Freizügigkeits Lösung an

Die digitale Vorsorgelösung frankly gibt es neben der dritten neu auch für die zweite Säule. Genauer: für die Freizügigkeitsguthaben. Kundinnen und Kunden haben die Wahl zwischen einer Kontolösung oder mehreren Anlagelösungen. Für die indexierten und...

Blockchain Zug Initiative sichert sich vom Kanton 40 Milionen CHF

Der Zuger Regierungsrat will sich während fünf Jahren mit total 39,35 Millionen an den Aufbaukosten der «Blockchain Zug – Joint Research Initiative», einem gemeinsamen innovativen Projekt der Universität Luzern und der Hochschule Luzern, beteiligen....

Blockchain Zug Initiative sichert sich vom Kanton 40 Millionen CHF

The Winners of the Swiss Fintech Awards 2023 Are…

For the eighth time, the Swiss FinTech Awards are given to outstanding Swiss start-ups and influential organizations on the evening of June 13 at the Swiss FinTech Awards Night in Zurich. Winner Early stage startup category In the category “Early St...

Nasdaq to Acquire Software Firm Adenza from Thoma Bravo for 10.5 Billion USD

NASDAQ will acquire Adenza from US Private Equity company Thoma Bravo in a US$10.5 billion cash and common stock deal. Holden Spaht, a Managing Partner at Thoma Bravo, Adenza’s parent firm, is anticipated to join an expanded NASDAQ board post-acquisi...

New Challenger Bank Alpian Recognized as a Trailblazer in Digitalization Efforts, Customer Experience

Alpian, a digital private bank launched last year, has been named as one of Switzerland’s trailblazers in digital customer experiences and digitalization efforts, joining the ranks of digital innovators and pioneers in the Swiss retail banking indust...

Virtual Financial Advisory On the Rise

Ongoing economic uncertainty and geopolitical volatility are making wealth management more daunting for investors, fueling changes in preferences and expectations through greater demand for advice and virtual advisory experiences, as well as openness...