Tagged: switzerland

SIX Announces Acquisition of Majority Stake in Fixed Income Data and Solutions Provider FactEntry

SIX announced that it had acquired a majority stake in FactEntry, a global provider of fixed-income reference data, analytics, and solutions for financial market participants. SIX is the the stock exchange of Switzerland. This strategic acquisition significantly enhances SIX’s data offering and aligns “with its… Read More

DeFi Technologies Subsidiary Valour, Bitcoin Suisse AG, STOXX Launch Digital Asset Blue Chip ETP

DeFi Technologies Inc., a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi), is pleased to announce that its subsidiary, Valour Inc., an issuer of exchange traded products (ETPs) that provide simplified access to digital… Read More

Backed Launches Tokenization Services for Financial Institutions

Backed, a key player in the tokenization of real-world assets, has unveiled a new suite of services tailored for financial institutions looking to enter the digital asset space with security and compliance at the forefront. The Swiss-based company is expanding its offerings to include the… Read More

Switzerland: SIX Announces Investment in BITA, Expands Indexing and Tech Partnership

SIX, the global financial information provider, and BITA, a provider of indexing technology and services, announced that SIX has made a strategic investment in BITA to strengthen a series of existing joint projects and accelerate the expansion of SIX’s global benchmark platform. Existing BITA shareholders,… Read More

Sygnum Tokenizes Matter Labs’ Treasury Reserves in $6.9B Fidelity MMF

Sygnum, a global digital asset banking group, is tokenizing USD 50m of Matter Labs‘ treasury reserves onto the zkSync blockchain. The Sygnum-issued security tokens act as on-chain representations of units from Fidelity International‘s USD 6.9bn Institutional Liquidity Fund (ILF) to generate a secure and transparent… Read More

Bitcoin Suisse Reports CHF 5B Assets Under Custody and CHF 2B Assets in Staking Offering

Bitcoin Suisse has achieved significant milestones in two of its core business areas, custody and staking, with both sectors reaching new highs in client assets. This accomplishment is said to highlight the demand for Swiss-based digital asset services accompanied by the highest security standards. For… Read More

Switzerland: Levenue Acquires Fintech MidFunder

Levenue, a revenue-based financing company, has acquired MidFunder, a Zurich-based Fintech that provides financing for companies with recurring revenue. The acquisition marks a strategic move to enhance its Swiss operations. As entrepreneurs and early-stage investors, Patrick Frei, Founder of MidFunder, and Pascal Schumperli, Co-Founder, identified… Read More

IQ-EQ Appoints Romain Mifsud as CCO for France and Switzerland

IQ-EQ, a global firm focused on investor services, has appointed Romain Mifsud as Chief Commercial Officer for activities in France as well as Switzerland. With 14 years’ experience in the private market industry, Romain reportedly “specializes in private equity, real estate, private debt and securitisation.”… Read More

SafePal Announces Investment in Swiss Bank Fiat24, Introduces In-App Banking Gateway, Linked Virtual Crypto Visa Card

2024 has ushered in more mainstream attention with the approval of the Bitcoin ETFs, the team at SafePal noted in a recent update. Regardless of market movements, the team at SafePal claims that it continues to focus on building products, developing features, and “improving their… Read More

Switzerland’s eBill Surpasses 3 Million Users for the First Time

eBill has reportedly surpassed three million users for the first time. More and more people in Switzerland are said to be “opting for the eBill digital invoice.” At the end of February, SIX recorded “more than three million registered users for the first time.” This… Read More

Fireblocks Will Target Retail Customers, Continue to Grow Institutional Business

Enterprise digital asset platform FireBlocks says it will begin onboarding “thousands” of new retail customers as well as institutional firms. The company predicted this would be accomplished due to the new hire of CMO Michal Ferguson. Michael Shaulov, CEO of Fireblocks, says the innovations over… Read More

Digital Asset Custody Firm Safe Tops $100 Billion in Assets

Smart wallet tech provider Safe is reporting that it has surpassed $100 billion in assets secured. At the same time, Switzerland based firm has hired Julian Grigo, former Managing Director at Solaris, as Head of Institutions and Fintech. Safe, previously Gnosis Safe, is an on-chain… Read More

Switzerland’s SIX to Link Connexor to D7, Deutsche Börse’s Digital Post-Trade Platform

SIX is partnering with Clearstream in order for the Connexor service of SIX to become a D7 Digital Market Partner to process and distribute reference data of financial instruments. D7 is Deutsche Börse’s digital post-trade platform for digitizing financial instruments, which allows for the issuance… Read More

Vencora UK Announces Acquisition of CREALOGIX Holding AG

Vencora UK Ltd announced the settlement of its public tender offer for all publicly held registered shares of CREALOGIX Holding AG with “a nominal value of CHF 8.00 each. The Offer was completed successfully on February 21, 2024.” The acquisition of CREALOGIX “is expected to… Read More

Swiss Fintech Klarpay Launches Entrepreneur Accounts

Klarpay, a Swiss financial institution, has launched a new service called Entrepreneur Accounts, a tailored financial solution designed exclusively for Business Founders, UBOs, and Senior Management members who already hold accounts with Klarpay. Recognizing the intrinsic link between entrepreneurs and their businesses, Klarpay is committed… Read More

Lithuania’s Šiaulių Bankas Selects Temenos to Enhance Core Banking Platform

Temenos (SIX: TEMN) announced that Šiaulių Bankas, which claims to be the largest independently-owned bank in Lithuania with over €4 billion in assets, has selected Temenos to modernize its core banking platform. Šiaulių Bankas will migrate its retail and corporate banking “including trade finance to… Read More

SIX Introduces SME Sustainability Assessment Solution Enabled by Greenomy

SIX is driving forward the increased inclusion of SMEs in financial markets. With their partnership, SIX and Greenomy are recognizing the pivotal role that SMEs can play in the transition to a sustainable and low-carbon economy. SIX’ new SME Sustainability Assessment Solution draws “on Greenomy’s… Read More

Switzerland’s Consumers Still Prefer Cash Payments But Fintech Payment Apps Are Becoming Popular – Survey

In the Spring of 2023, the Swiss National Bank conducted its second payment methods survey of companies in Switzerland. Around 1,750 companies, across all sizes, language regions and industries, participated in this survey on payment method topics. In-depth knowledge of these topics helps the SNB… Read More

Switzerland’s Luzerner Kantonalbank Introduces FM Converge, the Risk Platform for Financial Institutions.

Luzerner Kantonalbank AG (LUKB), Switzerland’s 3rd largest cantonal bank, has rolled out FM Converge, the markets and risk platform for banks and financial institutions. FM Converge comes from Finmechanics Pte. Ltd., the Singapore headquartered fast growing software company. FM Converge is described as “a high… Read More

Temenos to Pursue an Independent Review of Hindenburg Allegations

Temenos AG (SWX:TEMN) says it will pursue an independent examination of the claims of financial irregularities raised by Hindenburg Research in a report shared this past week. Bloomberg reported that the review is expected to take less than 5 months. Temenos did not share who… Read More

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