Tagged: switzerland

Switzerland: FINMA Adjusts Sandbox, Fintech Licenses

The Swiss Financial Market Supervisory Authority (FINMA) has published a set of adjustments regarding their policy for their Fintech License and Sandbox structure. In June of 2018, the Swiss parliament introduced a new licensing category for Fintech companies. The following August FINMA launched a consultation… Read More

Deutsche Borse Partners with Swisscom and Sygnum on Digital Asset Ecosystem

Deutsche Börse, Swisscom and Sygnum are partnering on the creation of a “trusted digital asset ecosystem” to build a platform to provide digital asset issuance, liquidity and banking services. The partnership is indicative of the growing acceptance by mainstream finance regarding the potential of distributed… Read More

Swiss Fintech Avaloq Joins the Enterprise Ethereum Alliance

Avaloq, an international fintech providing services and digital solutions to banks and wealth managers, announced on Thursday it has joined the Enterprise Ethereum Alliance (EEA), which is an open source blockchain initiative. Avaloq reported that as a member of the EEA it will collaborate with… Read More

Dukascopy Bank Launches Cryptocurrency “Dukascoin”

Dukascopy Bank, a Switzerland-based banking group, announced on Friday the launch of its very own cryptocurrency, Dukascoin (DUK+). Dukascopy Bank claims that Dukacoin is the first payment coin issued for public use by a licensed and regulated Swiss bank. In an open letter, Dr. Andre… Read More

China: WeiyangX Fintech Review

LipPass: a New Type of User Authentication for Mobile Phones Sometimes, people might use fingerprint film or avoice recording, as shown in some movies, to bypass fingerprint or a voiceprint authentication checks on the phone. However, such tricks may not always succeed in the future…. Read More

Farewell Venture Capital: The Shift to Crowdfunding and Other Sources for Scaling Startups

A successful startup needs successful venture capital (VC) backing, right? Well, not always. The status quo of startup funding is beginning to shift as smaller, more nimble outfits backed by crowdfunding campaigns have proven that they, too, can reach stratospheric heights. Moreover, the founders of… Read More

Crypto Valley Assocation Announces New Board Members

The Crypto Valley Association (CVA) has announced new board members following their annual meeting Zug, Switzerland – also known as Crypto Valley. CVA is a leading blockchain focused advocacy group which has worked closely with Swiss public officials to foster an ecosystem of innovation in… Read More

Swiss Big-Ticket Lending Platform Loanboox Secures $22 million in Series B Funding

Loanboox, one of the lending platforms participating in the panel about “Improving Credit Access and Transparency,” which I chaired for Crowdfund Insider at the Paris Fintech Forum 2019, announced that it has raised CHF 22 million ($22 million) in a Series B round of financing. How Stefan… Read More

Concordium Foundation Launches Blockchain Research Center, Partners with Aarhus University in Denmark

The Concordium Foundation has partnered with Aarhus University and their Department of Computer Science to launch the  Concordium Blockchain Research Center. The Concordium Foundation is expected to receive approximately 10 million DKK per year for five years for the Research Center (about USD $ 1.5 million or USD… Read More

GLX Stablecoin Backed by 15 Currencies and Gold Launched by Globcoin

In commemoration of Davos 2019, Globcoin is launching a stablecoin backed with the top 15 global currencies, weighted by their GDP and adjusted for purchasing power parity, and gold. The GLX coin is claimed to be the most stable means of payment as it is… Read More

Switzerland: Falcon Private Bank Offers Direct Transfers to Crypto

Falcon Private Bank says it is the first Swiss private bank to enable direct transfers of several cryptocurrencies for both private and institutional clients. According to a release from the firm, clients may now transfer to and from segregated Falcon wallets, Bitcoin, Bitcoin Cash, Ether,… Read More

Raisin Added to Temenos Marketplace

Temenos AG (SIX: TEMN), the Switzerland based banking software provider, has added Fintech Raisin to their Marketplace. Raisin is an online service that enables savers to earn the highest interest rate possible in a current account regardless of geography. Temenos provides banking software to more… Read More

MassChallenge Switzerland Announces Partnership with the FIA Smart Cities Initiative

MassChallenge, a global network of zero-equity startup accelerators, recently announced it has formed a new partnership with the FIA Smart Cities Initiative to support the Global Start-Up Contest, to identify and support the most innovative and impactful startup technology companies that have the power to… Read More

Temenos Banking Software Selected by PayPal

Digital payment platform and online lender PayPal (NASDAQ: PYPL)  has selected Temenos (SIX: TEMN) to provide digital banking services. The announcement by Temenos was buried in a brief release last Friday. Temenos stated: “PayPal, Inc. has selected Temenos T24 Core Banking. The Temenos T24 banking platform will run… Read More

Opening the Floodgates: What is Holding Back the Crowdfunding Tsunami?

Equity crowdfunding platforms have democratized the way that individuals and organizations raise and invest capital, by lowering the previously high barrier to entry for investment. And, ever since these platforms emerged, expectations have been high about the effects that this new utilitarian form of investment… Read More

Swiss Government Seeks to Improve Framework for Blockchain / Distributed Ledger Technology for Financial Services

Last week, the Swiss Federal Council announced a report on the legal framework for Blockchain and Distributed Ledger Technology (DLT) for the financial services industry. According to the Council, the Swiss legal framework “is well suited to deal with new technologies including blockchain.” Even while noting… Read More

Swiss Financial Regulator FINMA Outlines AML Requirements for Fintech License

The Swiss Financial Market Supervisory Authority (FINMA) has outlined the requirements for anti-money laundering (AML) and firms seeking a Fintech license. Last week, FINMA issued the general guidelines for their Fintech license which is designed to encourage innovation in financial services by providing a streamlined approach… Read More

Swiss Financial Market Supervisory Authority Issues Guidelines on Fintech License

The Swiss Financial Market Supervisory Authority (FINMA) has published their guidelines pertaining to a new Fintech license. which will be available beginning in 2019. FINMA will be issuing and regulating accepted Fintech companies. The goal of the new licensing structure is to boost Fintech innovation by… Read More

“Green” Crypto Mining Venture, Envion, Shut Down by Swiss Judge

A purported environmentally-friendly project for the mining of cryptocurrencies in Switzerland has been dissolved by a Swiss court as a result of bitter infighting by founders, Michael Luckow and Matthias Woestmann, Swiss news outlet Handelsblatt reports. A reported 30 000 investors may now have a… Read More

Nexo Joins Mistertango’s Newly Launched Crypto Service Platform “Offers”

Mistertango, a Switzerland-based crypto-friendly payment company, announced on Wednesday the launch of its crypto-as-a-service platform, Offers. Founded in 2014, Mistertango claims to be the first fintech company that offers dedicated IBAN accounts to individuals and businesses. According to Mistertango, the Offer platform is integrated into… Read More

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