Tagged: switzerland

April 25, 2023 @ 10:17 pm By Omar Faridi  |  

CAT Financial Products Ltd. (CATFP), which claims to be one of the leading independent Swiss providers of securities and investment services for structured products, has transformed its front to back office processing efficiency “by implementing the international multi-asset post-trade processing solution” from global Fintech Broadridge… Read More

April 24, 2023 @ 8:33 am By Omar Faridi  |  

The team Klarpay recently shared what they have achieved so far in Q1 2023. During the first quarter of 2023, Klarpay AG announced it “achieved profitability in its first year of operations, despite the challenging economic conditions of the global markets.” The company claims it… Read More

April 23, 2023 @ 10:17 am By Omar Faridi  |  

The Cardano Foundation, an “independent,” Swiss-based non-profit organization tasked with advancing the public digital infrastructure Cardano, launched its inaugural Annual Report today. From technical infrastructure support to spreading knowledge or establishing targeted partnerships and collaborations, the report highlights the Foundation’s work “across its three core… Read More

April 6, 2023 @ 8:08 am By Omar Faridi  |  

PostFinance, one of Switzerland’s major financial institutions and largest retail banks, partners with Sygnum, which claims to be one of the world’s first digital asset banks, “to offer its customers a range of regulated digital asset banking services via Sygnum’s B2B banking platform.” PostFinance‘s partnership… Read More

April 6, 2023 @ 7:54 am By Omar Faridi  |  

21Shares AG, which claims to be the world’s largest issuer of cryptocurrency exchange traded products (ETPs) and a subsidiary of 21.co, unveiled the 21Shares Stacks Staking ETP (ASTX) – the “world’s first” ETP offering exposure to Stacks. Stacks is “a crypto asset protocol that unlocks… Read More

April 5, 2023 @ 12:53 pm By JD Alois  |  

Metaco has revealed a partnership with Liechtenstein private bank VP Bank (SWX: VPBN). According to a statement distributed by Metaco, the bank will incorporate Metaco’s Harmonize platform to enable digital asset custody and tokenization services, including financial assets, minting, burning, and storage of tokens. VP… Read More

April 4, 2023 @ 12:51 pm By JD Alois  |  

Kashet, a neobank that is based in the UK, says it has closed on a CHF 6.2 million (~USD $ 6.7 million) in its Series A funding round. Trifork Labs, a Copenhagen-based technology accelerator, participated in the funding. Kashet notes that it has been operating… Read More

March 27, 2023 @ 9:16 am By Omar Faridi  |  

Jens Plath, Adrian Plattner and Thomas Graf will join the Executive Board of TWINT from 1 April 2023. They will support TWINT in “positioning itself for future growth.” TWINT claims that it “continues to see robust growth and is reinforcing its future strategy.” As a… Read More

March 27, 2023 @ 9:10 am By Omar Faridi  |  

Obligate, a Zürich-based investment platform that enables companies to issue on-chain bonds and commercial paper to receive funding, recently “opened onboarding for issuers and investors.” Built on Polygon, the L2 blockchain for institutional finance, the platform “enables the management of corporate debt financing in a… Read More

March 26, 2023 @ 11:37 pm By Omar Faridi  |  

Sygnum, the digital asset bank, announces the opening of its Middle East hub in the Abu Dhabi Global Market international financial centre “to provide a portfolio of Swiss-regulated crypto banking services.” This move should further strengthen Sygnum’s global reach, “following Sygnum Singapore’s growth via corporate… Read More

March 23, 2023 @ 7:13 pm By JD Alois  |  

As part of the deal to reanimate Credit Suisse, Swiss regulators cut a deal with UBS that included writing down the AT1 bonds to zero. Holders are not pleased. In light of the “numerous inquiries,” Swiss regulator FINMA has issued a statement on wiping out… Read More

March 22, 2023 @ 11:49 pm By Omar Faridi  |  

Swiss payment startup Centi announces the launch of its Swiss Franc pegged stablecoin, backed 1:1 by a Swiss bank, which will “serve as the basis for Centi’s groundbreaking Global Payment Network.” Combining the efficiency of blockchain technology with the rigor of Swiss banking, Centi has… Read More

March 22, 2023 @ 10:33 pm By Omar Faridi  |  

Arf, the Swiss-regulated global settlement banking platform, with support from the Stellar Development Foundation, is now offering what it claims is “the world’s first unsecured, short-term, USDC-based working capital financing solutions for licensed financial institutions.” Making cross-border payments faster, cheaper, and more transparent and inclusive… Read More

March 19, 2023 @ 3:13 pm By JD Alois  |  

The Swiss Financial Market Supervisory Authority FINMA has approved the acquisition of Credit Suisse by competitor UBS. The move was announced earlier today as Credit Suisse had endured a difficult week after rumblings of financial challenges at the bank. On March 15, FINMA issued a… Read More

March 16, 2023 @ 8:36 am By JD Alois  |  

Credit Suisse (NYSE:CS) has taken “decisive action” to buttress its balance sheet by tapping into a CHF 50 billion ($54 billion) loan from the Swiss National Bank. (SNB) In recent days, shares of Credit Suisse had been hammered by speculation that the bank was in… Read More

March 15, 2023 @ 3:47 pm By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB) have issued a joint statement on “market uncertainty.” The statement follows the rapid decline in the share value of Credit Suisse (NYSE:CS). The global bank is viewed as the worst home in… Read More

March 12, 2023 @ 11:11 pm By Omar Faridi  |  

Strong ecosystems and client proximity are key prerequisites for sustainably driving innovation and helping to shape the future of the Swiss financial center. A strategic partnership between UBS (SWX: UBSG), the universal bank and digital market leader in Switzerland, and the largest Swiss innovation ecosystem… Read More

March 9, 2023 @ 8:03 am By Omar Faridi  |  

Intergiro, a European Banking as a Service (BaaS) platform based in Sweden, announces its partnership with Retreeb, a Swiss payment solution empowering consumers to support social causes. This partnership marks a significant milestone “towards the launch of Retreeb‘s sustainable payment solution and reinforces its commitment… Read More

February 26, 2023 @ 11:39 pm By Omar Faridi  |  

wefox, which claims to be one the world’s leading Insurtechs, has received the Digital Trust Label by The Swiss Digital Initiative, a Geneva based independent foundation for advancing digital trust and transparency globally. This Label recognizes wefox’s commitment “to data protection and information transparency.” The… Read More

February 24, 2023 @ 12:33 pm By JD Alois  |  

DZ Bank, a Bafin-regulated financial institution, has chosen Metaco to power its digital asset custody solution. DZ Bank is the central institution of the Volksbanken Raiffeisenbanken cooperative financial network. As a central institution, DZ Bank provides various services, particularly asset management services, being one of… Read More