Tagged: switzerland

March 27, 2020 @ 7:00 pm By Max Lyadvinsky  |  

Do you ever step back and consider how quickly tech has changed, well, everything? Better devices spurred better internet connection and new cultural contexts. It is almost hard to remember a time when people did not always have connected computers in their back pockets. The… Read More

March 27, 2020 @ 12:20 pm By JD Alois  |  

Mt Pelerin, in partnership with ID Quantique (IDQ), has started testing its digital asset custody solution in Switzerland, according to a release The “Quantum Vault” is described as being an ultra-secure digital asset custody solution. In October 2019, IDQ and Mt Pelerin received funding from… Read More

March 24, 2020 @ 4:12 pm By JD Alois  |  

Sygnum Bank, a licensed digital asset bank, has launched a stablecoin labeled Sygnum Digital CHF (DCHF) – a crypto tied to the Swiss Franc. This is a first stablecoin launched by a regulated Swiss bank. Sygnum also holds a capital markets services (CMS) license in… Read More

March 22, 2020 @ 5:50 pm By Omar Faridi  |  

Switzerland-based Temenos (SIX: TEMN), a banking software company, has teamed up with ClearBank, a challenger clearing bank (the UK’s first new clearing bank in over 250 years), in order to help local banks access UK’s payment platforms and real-time payment services in the cloud. Clearbank’s… Read More

March 17, 2020 @ 1:50 pm By JD Alois  |  

The Coronavirus pandemic has disrupted the entire world. Traditional financial markets, as well as digital asset markets, have experienced extreme volatility. One asset that has held out relatively well is physical gold – a commodity that continues to interest certain investors in times of extreme… Read More

March 14, 2020 @ 4:33 pm By JD Alois  |  

Yapeal, an aspiring digital bank based in Zurich, has received the very first Fintech license in Switzerland. In 2019, the Swiss Parliament introduced the Fintech license enforced by the Financial Market Supervisory Authority (FINMA). The requirements for Fintech companies are based on the established auditing… Read More

March 11, 2020 @ 6:33 pm By Omar Faridi  |  

Finantix has reportedly signed an agreement for the acquisition of Zürich-based InCube Group AG, a company with a team of artificial intelligence (AI) specialists, quant and application developers and finance professionals that create data-driven, AI-powered products for wealth managers and insurers. Finantix’s acquisition of InCube… Read More

March 9, 2020 @ 7:46 am By Omar Faridi  |  

Zürich-based Swiss Infrastructure and Exchange (SIX) Group AG, the operator of Switzerland’s stock exchange, will be integrating a platform developed by Know Your Customer, in order to enhance its existing procurement process and to be able to perform a better assessment of risks when dealing… Read More

March 7, 2020 @ 4:21 pm By JD Alois  |  

The growth of Fintech has slowed in Switzerland but simultaneously, the sector is maturing and showing signs that Fintechs are “beginning to outpace the [traditidional[ financial companies,” according to the IFZ Fintech Study 2020 from the Lucerne University of Applied Sciences and Art. The report… Read More

March 6, 2020 @ 3:19 pm By Omar Faridi  |  

Digital banks are establishing new financial industry standards when it comes to better usability, and are introducing handy features such as card management and personal money management. For digital bank users, this will come as no surprise. A recent study published by the consulting company… Read More

March 5, 2020 @ 12:15 am By Omar Faridi  |  

Swisscard AECS, a company that provides American Express, Mastercard and VISA cards for private and business customers, has updated its early collections by using FICO analytics. This has reportedly resulted in a net 50% increase in revenue generated from billable collection expenses.  The update has… Read More

February 28, 2020 @ 11:58 pm By Samantha Hurst  |  

Omniex, an institutionally focused investment and trading platform for digital assets, announced this week it received an investment, as well as formed a strategic partnership with Swiss infrastructure and exchange platform, SIX – the operator of the Swiss Exchange, the principal stock exchange based in… Read More

February 10, 2020 @ 12:06 pm By Samantha Hurst  |  

Blockchain software firm BitGo announced on Monday it is expanding its global presence with new custodial entities in Switzerland and Germany. According to BitGo,  BitGo’s Swiss entity BitGo GmbH is a member of the Financial Services Standards Association (VQF), supervised by the Swiss Financial Market… Read More

January 29, 2020 @ 4:28 am By JD Alois  |  

Switzerland has approved the first articles of incorporation hosted on blockchain, according to a note from advisory firm Andriotto Financial Services. Overfuture expects to have is class A shares hosted on blockchain as well as it moves forward with an initial public offering (IPO), or… Read More

January 23, 2020 @ 8:10 am By Omar Faridi  |  

Adam White, president at Bakkt, recently shared some details regarding a major development currently underway at the Intercontinental Exchange (ICE)-owned digital assets trading desk while attending a conference at Davos. White noted during a panel discussion held at the World Economic Forum (WEF) in Davos,… Read More

January 21, 2020 @ 4:15 pm By Samantha Hurst  |  

Neon, a Switzerland-based mobile banking app, announced on Monday it is eliminating extra fees for card payments abroad. The company revealed the exciting news by stating the following: “To pay so much in fees while abroad is just not ok anymore. Card payments and cash… Read More

January 19, 2020 @ 5:27 pm By Omar Faridi  |  

SEBA, a Switzerland-headquartered digital asset bank that holds regulatory licensing, is reportedly planning to raise $96.5 million in capital. During the fundraising, SEBA’s management intends to secure 100 million Swiss francs (appr. $96.5 million) from new investors, which include established financial institutions, family offices and… Read More

January 9, 2020 @ 7:43 am By Samantha Hurst  |  

AlgoTrader AG, a Swiss platform services provider for fully-integrated and automated quantitative trading and trade execution, for both traditional and digital assets, announced on Wednesday it secured CHF 3.7 million through its Series A funding round, which was led by an undisclosed global Tier 1… Read More

December 28, 2019 @ 9:00 am By Cali Haan  |  

Switzerland’s finance minister and outgoing president, Ueli Maurer, says he doesn’t think Facebook’s proposed Libra cryptocurrency project can proceed in its current form, Reuters reports. This is mainly, “because central banks will not accept the basket of currencies underpinning it,” Maurer claimed. “The project, in… Read More

December 15, 2019 @ 4:10 pm By JD Alois  |  

Switzerland based SEBA Bank, a financial service firm for both digital and traditional assets that is licensed by the Swiss supervisory authority FINMA, is now onboarding clients from 10 jurisdictions, according to a company release. SEBA Bank reports that it is now accepting institutional and… Read More