Category : Switzerland

Klarpay Enables Digital Businesses to Transact in USD and GBP Globally

Business payments platform Klarpay has expanded its international payment capabilities with the launch of dedicated USD and GBP accounts. The addition, which enables companies to collect and disburse USD and GBP payments globally via their corporate...

Charlotte Crosswell Appointed as Chair of UK’s New Fintech Hub CFIT

The UK’s newly established Centre for Finance, Innovation and Technology (CFIT) has named Charlotte Crosswell OBE as its first Chair, starting on 4 January 2023. Crosswell is the current Chair and Trustee of the Open Banking Implementation Entity (OB...

BIS To Develop Scalable, Resilient and Privacy-Focused Prototype CBDC

The BIS Innovation Hub’s Swiss Centre has launched Tourbillon, a new project that explores improving cyber resiliency, scalability and privacy in a prototype central bank digital currency (CBDC). Central banks have identified cyber resiliency, scalab...

J.P. Morgan and Mastercard Launch Pay-by-Bank Service

J.P. Morgan Payments and Mastercard have launched Pay-by-Bank to enable consumers to permission their financial data to be shared so they can pay bills directly from their bank account. The service means that consumers will not need to type in their...

Baloise and UBS Increase Their Stake in Proptech Houzy

Swiss insurtech Baloise and UBS have increased their stake in Houzy, a proptech startup which supports owners of houses and apartments with their property-related needs. Both Baloise and UBS invested in Houzy at an early stage and this announcement e...

Adoption of Digital Assets Among Institutional Investors Increases

Despite turbulent conditions in the crypto markets, adoption of digital assets among institutional investors is increasing worldwide, driven by improved perception of the emerging asset class and investors’ attraction to the prospect of high returns,...

Komplett digitale und schnelle Kreditvergabe führt zu Win-Win

Die Digitalisierung schreitet in allen Branchen schnell voran – auch im Finanzsektor. Online-Banking und Banking Apps gehören nun zum festen Bestandteil der meisten Schweizer Kreditinstitute. Und nicht nur die jüngeren Generationen nutzen die digital...

DACH Insurtech Industry Has Grown 45% Over the Past Year

In Germany, Austria, Switzerland and Liechtenstein, also referred to as the DACH region, the insurtech space is growing at a promising pace. Over the past year, the sector has increased by 45%, rising from 141 players in March 2021 to now 202, data f...

Splint Invest sichert sich 500’000 Franken in der «Die Höhle der Löwen»

Das Zuger Wealhtech-Startup Splint Invest konnte sich bei der Schweizer Ausgabe von «Die Höhle der Löwen» ein Investment von 500’000 Franken sichern. Mit der gleichnamigen App ermöglicht das Team rund um die Solothurner Gründer Mario von Bergen, Robi...

El Salvador and Switzerland Share Common Love of Burgers and Bitcoin

El Salvador has partnered with the Swiss city of Lugano to promote bitcoin adoption. It’s an unlikely partnership and an obscure reason to join forces, but for both parties this is an earnest and worthwhile endeavour. The glue that binds the Central...

The Rise of IDtech: Next-Gen Digital Identity Verification

A revolution is taking place in the field of digital identity, driven by advances in technology, rapid adoption of digital tools and online channels, and soaring identity fraud activity. So-called IDtech providers are arising on the back of COVID-19...

Zurich Insurance Launches Global API Marketplace With 50 Open APIs

Zurich Insurance Group has launched Zurich eXchange, a global API marketplace that brings together services from across the Zurich Group. The shared API management platform has been adopted by 15 Zurich business units and currently covers 1,433 manag...

UBS Launches the World’s First Dual-Blockchain Listed Digital Bond

UBS has launched the world’s first digital bond — a CHF 375 million three-year bond with 2.33% coupon — that is publicly traded and settled on both blockchain-based and traditional exchanges. The digital bond will be dual listed at SDX Trading and SI...

neon Raises CHF 11 Million From Institutional and Crowdfunding Investors

Swiss neobank neon has closed last week a CHF 11 million financing round from existing investors and some 5,000 investors through its crowdfunding campaign. Investors in the crowdfunding campaign which ran from October 24 to 31 invested at an averag...

Swiss Roboadvisor True Wealth Finally Offers also a Pillar 3a Solution

Saving in Pillar 3a becomes an integrated part of wealth management within True Wealth. Since being founded in late 2014, True Wealth has grown to become an established wealth manager in Switzerland in just eight years. The fintech company currently...