Tagged: switzerland

Switzerland’s Credit Suisse, a Global Wealth Manager, to “Explore Synergies” with Brazilian Digital Bank modalmais

Switzerland-based Credit Suisse, a multinational wealth manager, investment bank and financial services firm, has made a deal with modalmais, a Brazilian digital bank. According to the terms of the agreement, the Swiss bank will purchase preferred shares that will be “equivalent to up to 35%”… Read More

SIX Swiss Exchange listed Indonesian Fintech Achiko to Move to Switzerland to Offer Payments Services to European Markets

Switzerland listed Fintech firm Achiko is reportedly planning to offer payment services to European businesses. Based in Indonesia, the company is now moving to Switzerland after its shareholders supported the decision during a recent meeting. Established in 2018, the Jakarta-headquartered company currently offers payment services… Read More

Blockchain Platform Ontology and Bitcoin Suisse to Strengthen European and Asian Digital Asset and DLT Ecosystems

Ontology (ONT), a “high-performance” enterprise blockchain platform developed in 2017 by a Chinese firm called OnChain, which is headed by Erik Zhang and Da HongFei, the developers of the NEO Blockchain (which was initially used to launch Ontology), has confirmed that it will be working… Read More

Switzerland’s Interchain Foundation Awards Grants to Blockchain Artchitects Looking to Expand Cosmos Network

  Interchain Foundation (ICF), a Switzerland-based foundation that is supporting, promoting, and advancing open and decentralized systems, announced last week it was awarding grants to blockchain architects Althea, Chainsafe, Confio, Lunie, Iqlusion and Regen Network. According to ICF, the funding will help these projects build… Read More

Fortress Management: Libra Association Continues to Add High Profile Executives to Management, MD and Global Head of Financial Crime Compliance at Credit Suisse Joins Libra

  The Libra Association continues its push to create a fortress management team with another high-profile appointment. Today, Libra has announced Sterling Daines as its Chief Compliance Officer. Daines is said to be an expert in financial crime and compliance. Currently, Daines is the Managing… Read More

Switzerland’s New QR-Bill Payments to Use Digitally Readable Code for Holding and Processing Payment Data

Switzerland will be introducing QR-bill payments by the end of this month. They will reportedly have a digitally readable code that will hold all payment data. QR-bill payments will be offered along with seven other existing paper-based payment slips that are used to process transactions…. Read More

Wealthtech: Martin Stadler, CEO at Swiss Wealth Management Fintech Altoo, Says it’s Important to Work with Incumbents to Offer Quality Services

Martin Stadler, CEO at Altoo, the developer of a wealth platform which focuses on connecting people, wealth, and related processes by leveraging the latest technology, says that his company has onboarded significantly more clients recently because of the current market situation which has seen highly… Read More

Swiss Financial Giant UBS Group AG Is Reportedly Planning to Invest Hundreds of Millions of Dollars into Fintech VC Fund

UBS Group AG (SWX: UBSG), a Swiss multinational investment bank and financial services company based in Switzerland with around $1 trillion in assets, is planning to invest hundreds of millions of dollars of its own funds into various Fintech firms. As reported by Bloomberg (which… Read More

Swiss Financial Services Firm Eidoo Introduces Stablecoin based, Visa Crypto Debit Card

Bitcoin (BTC) and other digital currencies can be difficult to spend because most merchants still do not accept them. The Switzerland-based firm, Eidoo, is planning to help consumers easily spend virtual currencies by launching a Visa crypto debit card that will use regulated or compliant… Read More

Libra Association Hires Former FinCEN Director Robert Werner as General Counsel

The Libra Association, based in Switzerland, continues to build out its executive bench. Today, Libra has announced the selection of Robert Werner as its General Counsel. Created by Facebook (NASDAQ:FB), Libra is envisioned as a digital currency operated on a distributed ledger platform. According to… Read More

Digital Asset Platform SEBA Bank Joins Forces With Tokensoft For Asset Tokenization

SEBA Bank, a Switzerland-headquartered digital asset bank that holds regulatory licensing, announced on Monday it has formed a new strategic partnership with technology platform Tokensoft International AG (Tokensoft) for asset tokenization. SEBA reported that it and Tokensoft have been working closely together on a range… Read More

Zurich-based Mobile Banking App Provider Numbrs to Lay Off 62 Employees, After Investors Decide to Back Out

Zurich-based Numbrs, a mobile banking app provider, will be laying off 62 employees after investors backed out of a deal to allocate funds toward the development of the firm’s business. In August 2019, the Fintech firm claimed that it was valued at around CHF 1… Read More

Bitcoin Suisse Looks to Raise Funding at CHF 275 Million Pre-Money Valuation, Reports Commitments of CHF 20 Million

Bitcoin Suisse has announced a Series A funding round at a pre-money valuation of CHF 275 Million (~USD $ 283 million). The company reports commitments of around CHF 20 million from “friends and family.” The funding round is being led by Roger Studer, a Swiss… Read More

The Libra Association Announces New CEO as Stuart Levey Steps Into Leadership Position

The Libra Association, founded by Facebook to create a global payments cryptocurrency, has announced the selection of Stuart Levey as its first CEO. Levey will step into the leadership position from HSBC, a global bank with 235,000 employees across 64 countries. Levey is currently serving… Read More

Switzerland-based Alpian, a Financial Services Firm for Affluent Investors, Secures CHF 12.2 Million in Funding via Series A Round

  Switzerland-based firm Alpian has secured CHF 12.2 million (appr. $12.54 million) through a Series A investment round. The funds raised will be used to establish a digital-first private bank, which will cater to the nation’s affluent market. As noted in a company release: “Independent… Read More

Blockchain based ID Firm Vereign AG Closes on CHF 2.5 Million Seed Round

Vereign AG, based in Zug, Switzerland, has closed on a financing round of CHF 2.5 million (~ $2.58M) to establish a Swiss network for a verified and self-managed identity service. The financing round was led by AquilaDirekt AG and a renowned Swiss entrepreneur through a… Read More

Switzerland’s Sygnum Bank Now Supports XRP Digital Tokens via its Online Banking Platform

Sygnum Bank, a licensed digital asset bank, confirmed on April 30, 2020, that XRP digital tokens will be available through its banking services platform. Customers now have the option of depositing, trading, and accessing credit services using the XRP cryptocurrency. Headquartered in Switzerland, the FINMA-licensed… Read More

More than 150 Ethereum Projects have Received Nearly $25 Million in Funding: Report

Over 150 different Ethereum (ETH) projects have acquired almost $25 million in total grant funding to date. The Ethereum Foundation, a Switzerland-based non-profit entity supporting the ongoing development of Ethereum, is the largest donor. The foundation has allocated more than $21 million (of the total… Read More

Blockchain Trust Solutions and Axpo WZ-Systems AG Launch Next-Generation Swiss Blockchain Network

Blockchain Trust Solutions BCTS is introducing a blockchain network, SwissDLT, that is said to combine Swiss features such as “reliability, security, neutrality” along with being compatible with other common blockchain systems, according to a release. BCTS has developed the solution with its infrastructure partner Axpo… Read More

Swiss Crypto Valley Association Requests CHF 100 Million in Relief Funding from Government to Cope with Economic Challenges Due to COVID-19

  The Swiss Crypto Valley Association, a Fintech and blockchain-focused organization based in a region located near Zurich, is reportedly asking Switzerland’s government to provide CHF 100 million (appr. $102.7 million) in relief funding. This fund, if approved, would help with bailing out crypto and… Read More

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