Tagged: switzerland

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

February 21, 2023 @ 6:22 pm By JD Alois  |  

TP24 is a new digital lender that provides credit secured by borrowers’ invoices. The company’s mission is to solve lending challenges by “offering flexible funding solutions … without the hassle of traditional credit providers.” CI had the chance to connect with Zurich-based TP24 during the… Read More

February 18, 2023 @ 9:41 am By Omar Faridi  |  

Klarpay AG is pleased to announce that it has achieved profitability in its first operational year. The company claims that its profitability and the interest from venture capitalists “are a testament to its team’s hard work and dedication.” Klarpay notes that it is now “well-positioned… Read More

February 17, 2023 @ 10:27 am By Omar Faridi  |  

Fluid Finance, a Fintech company headquartered in Geneva, has partnered with Sumsub, a global all-in-one verification platform, “to enhance user onboarding and ensure bulletproof fraud protection.” Fluid’s aim is “to create a new financial model by combining traditional and digital finance.” Strict compliance, Know Your… Read More

February 16, 2023 @ 8:39 am By Omar Faridi  |  

Obligate, formerly known as FQX, is a Switzerland-based company that provides a blockchain-based bond platform. The Obligate platform is designed to streamline the debt issuance process and make it more accessible to businesses of all sizes. The platform provides a secure and transparent way of… Read More

February 13, 2023 @ 9:15 am By JD Alois  |  

Bitpanda, launched in Austria but now serving a broader European market, has set up a holding company in Switzerland, according to a report. Bitpanda provides both a labeled and white-labeled Fintech as a service platform offering crypto trading, payments as well as traditional investments. Bitpanda… Read More

February 8, 2023 @ 12:12 pm By JD Alois  |  

According to an email, X8 AG has submitted the application to the Swiss Financial Market Supervisory Authority (FINMA), for a Swiss Fintech license according to Article 1b Banking Act. X8 AG aims to emerge as a “regulated global stablecoin system.” X8 AG said that it… Read More

January 24, 2023 @ 9:04 am By Omar Faridi  |  

SCRYPT Digital, the Swiss-regulated company offering a single point of access into digital assets for institutions, has been chosen by Kiln, the tech provider behind the first enterprise-grade liquid staking protocol, in order “to provide a seamless on/off-ramping service for its treasury.” The partnership will… Read More

January 23, 2023 @ 8:24 am By Omar Faridi  |  

On 20 January 2023, Huobi announced that it is currently cooperating with Fireblocks on institutional crypto custody and payments, and Off-Exchange services “to better serve clients who want greater security, control and capital efficiency on their assets.” Fireblocks is the digital asset infrastructure “for thousands… Read More

January 20, 2023 @ 9:11 am By Omar Faridi  |  

Bitpanda announced that the successful Austrian-only phase of their partnership with N26, one of the largest digital banks in Continental Europe, has been expanded. N26 customers from Germany, Portugal, Belgium, Ireland and Switzerland will now “be able to invest in a wide range of over… Read More

January 17, 2023 @ 11:56 am By JD Alois  |  

Bison Bank, a regulated bank licensed by the Banco de Portugal, has inked an agreement with Sygnum Bank to enter the global crypto markets. The move follows the announcement of Bison Digital Assets, a subsidiary of the bank aiming to provide digital asset services like … Read More

January 15, 2023 @ 11:20 pm By Omar Faridi  |  

Zurich-headquartered startup TONI Digital has secured $12.5 million in a Series B funding round. The company is a digital insurance-as-a-service provider, “offering personal and commercial insurance lines such as motor insurance, payment protection insurance, and life solutions on top of its market-leading insurance technology platform.”… Read More

January 7, 2023 @ 12:27 pm By Omar Faridi  |  

Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, announced a definitive agreement “to acquire Imburse Payments, a Swiss-based modern payments platform.” Imburse’s cloud-native software-as-a-service (SaaS) payment solution is “built for the insurance industry.” The modern… Read More

December 21, 2022 @ 7:07 pm By Omar Faridi  |  

Cardano Foundation, the Swiss non-profit that promotes the growth of the Cardano protocol and contributes to the advancement and development of blockchain technology, has shared key updates and insights with Crowdfund Insider. Frederik Gregaard, the CEO of the Foundation, has commented on his thoughts about… Read More

December 20, 2022 @ 6:38 pm By JD Alois  |  

The Hashgraph Association has announced the funding of its first round of projects for its innovation program. Based in Switzerland, the Hashgraph Foundation aims to accelerate the adoption of its distributed ledger technology.  Hashgraph states there are three cohorts of 12 projects each which will… Read More