Tagged: switzerland

September 20, 2023 @ 8:44 am By Omar Faridi  |  

has secured funding from Helvetia Venture Fund, the investment arm of the Swiss insurer group Helvetia, tasked with investing in businesses that will shape the future of the insurance industry. Alongside Helvetia, other financial backers reportedly include Autonom and The Mavers. Having raised over €6m… Read More

September 19, 2023 @ 8:18 am By Omar Faridi  |  

The DFINITY Foundation, a not-for-profit research and development organization and a major contributor to the Internet Computer blockchain announced a partnership with the Municipality of Lugano, Switzerland. The Foundation also launched “a $1 million grant fund to support Lugano-based startups in their endeavors to enhance, promote… Read More

September 6, 2023 @ 9:27 am By Omar Faridi  |  

GenTwo, a Swiss-based B2B Fintech platform specialized in securitization of bankable and non-bankable assets, announced that it has raised a USD 15 million Series A led by US-based Point72 Ventures. In conjunction with the investment round, Pete Casella, Senior Partner and Co-Head of Fintech investments… Read More

September 4, 2023 @ 9:13 am By Omar Faridi  |  

Keyrock, a digital asset market maker, is announcing the selection of eight web3 and Fintech startups for the 1st edition of its acceleration program in partnership with Tenity, a prominent global accelerator and incubator for fintech. The first edition of Keyrock’s Accelerator Program will “start… Read More

August 26, 2023 @ 11:42 pm By Omar Faridi  |  

11 early-stage startups from 7 countries (3 from Switzerland, 3 from Germany) have been selected for the upcoming Tenity Incubation Program starting “on August 28th, 2023, in Switzerland” Selected startups reportedly receive “an initial CHF50k investment from the Tenity Incubation Fund II.” The fund will… Read More

August 20, 2023 @ 10:22 pm By Omar Faridi  |  

PostFinance is boosting its mortgage lending: the financial service provider is acquiring a stake in Credit Exchange Ltd (CredEx) and taking a seat on its Board of Directors. The two parties have “signed a contract to that effect.” This partnership with the mortgage marketplace CredEx… Read More

August 12, 2023 @ 11:34 am By Omar Faridi  |  

Klarpay AG is pleased to announce the appointment of Markus Emödi as the Chief Legal & Compliance Officer and Deputy CEO. With a track record of over 20 years in the financial industry, Markus reporttedly “brings a wealth of experience and expertise to Klarpay.” Markus… Read More

August 3, 2023 @ 8:16 am By Omar Faridi  |  

PostFinance, which claims to be one of Switzerland’s leading financial institutions and largest retail banks, leverages its existing partnership with Sygnum, the “world’s first” digital asset bank, to reward their employees “with a free NFT issued by Sygnum as part of their educational game for… Read More

July 10, 2023 @ 11:53 pm By Omar Faridi  |  

UBS (NYSE:UBS) announced that it and Numarics are planning to enter into a strategic partnership to specifically digitize and expand financial and administration solutions for small and medium-sized companies in Switzerland. Administrative tasks mean “a lot of time for SMEs today and are often a… Read More

June 30, 2023 @ 5:56 pm By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, announced a strategic implementation partnership with BDO Germany to implement FloQast in the DACH (Germany, Austria, and Switzerland) region. Through the partnership, FloQast will leverage BDO Germany’s expertise “to continue international expansion… Read More

June 28, 2023 @ 12:59 pm By JD Alois  |  

Deloitte Switzerland has partnered with Polimec to provide reusable KYC or know your customer. These credentials will be using Polkadot, and the “banking grade” KYC credentials will be issued by Deloitte. The company explains that this information will be utilized to empower the global fundraising… Read More

June 27, 2023 @ 12:18 pm By JD Alois  |  

Rivero, Switzerland-based Fintech, is working with Cornèrcard, an issuer of Visa, Mastercard and Diners Club payment cards to leverage their compliance platform. According to a company statement, Cornèrcard will use Rivero’s compliance SaaS solution, Kajo, to digitalize its compliance processing requirements. Kajo is expected to… Read More

June 27, 2023 @ 8:10 am By Omar Faridi  |  

The Swiss National Bank (SNB) will reportedly be issuing a wholesale central bank digital currency (CBDC) on Switzerland’s SIX digital exchange as part of a pilot program, the central bank’s chairperson revealed at a recent conference that took place in Zurich on Monday (June 26,… Read More

June 20, 2023 @ 11:15 am By Omar Faridi  |  

Compass, the Mediobanca Group consumer credit arm, has signed an agreement to acquire 100% of HeidiPay Switzerland AG from HeidiPay AG. HeidiPay Switzerland AG is described as “a fast-growing Swiss company specializing in the Buy Now Pay Later (BNPL) segment, with over 400 commercial agreements… Read More

June 12, 2023 @ 6:57 pm By Omar Faridi  |  

AMNIS Treasury Services AG (amnis), a Fintech company founded in 2014 with the objective of simplifying international banking for SMEs, has recently acquired the SME portfolio of FX-Consulting AG. With this strategic move, the two Zurich-based companies aim “to enhance their support for Swiss SMEs… Read More

May 26, 2023 @ 2:04 am By Omar Faridi  |  

SC Ventures, Standard Chartered’s (LON: STAN) innovation, fintech investment and ventures arm, has exited its stake in Metaco SA, a Swiss-based tech firm offering critical software infrastructure that enables institutions to issue, secure, manage and trade digital assets. SC Ventures was “one of the early… Read More

May 20, 2023 @ 10:36 am By Omar Faridi  |  

The Hedera Governing Council, which stewards the Hedera open source, leaderless proof-of-stake public network, announced that COFRA Holding has joined the Governing Council. COFRA is “a 182-year-old family enterprise with more than 60,000 employees and business activities in sectors including real estate investment, sustainable food,… Read More

May 17, 2023 @ 8:32 am By Omar Faridi  |  

SIX, the global financial information provider, and FlexTrade Systems, a global firm focused on multi-asset execution and order management systems, have announced the integration and availability, as of now, of global real-time market pricing and reference data from SIX, into the Spark cloud-based EMS solution…. Read More

May 12, 2023 @ 5:14 pm By Omar Faridi  |  

Swissquote, which claims to be among Switzerland’s leading online banks, has chosen NetGuardians in order “to enhance fraud mitigation and comply with the AML requirements.” The NetGuardians AI-based financial crime solutions will “monitor all transactions at the bank and on the digital finance app ‘Yuh’,… Read More

May 11, 2023 @ 7:21 am By Omar Faridi  |  

Sygnum announces the addition of Cosmos’ native token ATOM to its expanding portfolio of regulated digital asset banking products and services. Sygnum clients “can now conveniently buy and hold ATOM on its institutional-grade platform and stake their holdings to earn attractive staking rewards” From today,… Read More