Category : News

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...

PropTech Innovation Ranking 2021: Das sind die Top-20-Firmen der Schweiz

Die PropTech Academy Schweiz hat einen internationalen «PropTech Innovation»-Bewertungsprozess entwickelt. Damit wurden nun erstmals 155 Schweizer Firmen der Bau- und Immobilienwirtschaft nach ihrem Innovationsgrad bewertet und ein «PropTech Innovati...

Stripe Raises $600 Million in Funding, Pushing Its Valuation To $95 Billion

Stripe, an Irish-American payment processing platform, has raised $600 million (€500 million) during a funding round, pushing its valuation to $95 billion (€80 billion). Primary investors include Allianz X, Axa, Baillie Gifford, Fidelity Management &...

Rivero and Viseca Launch the First End-to-End Digital Chargeback Solution amiko

Rivero, a Swiss fintech company providing payments processing solution, has launched “amiko”, the first end-to-end digital chargeback solution. The solution was launched in partnership with Viseca Payment Services, an issuer and processor of Masterca...

swisspartners erweitert mit Sygnum Bank sein Angebot im Kryptobereich

Als einer der grössten External Asset Manager entwickelt und vertreibt swisspartners individuelle Lösungen in der klassischen Vermögensverwaltung und -strukturierung. Mit der Kooperation mit der Sygnum Bank reagiert swisspartners auf die steigende Ku...