Tagged: switzerland

July 5, 2021 @ 10:56 am By Omar Faridi  |  

Startups currently being supported by the Swiss Innovation agency Innosuisse will soon have the option to visit Japan or South Korea in order to expand their businesses globally. These initiatives will be supported and facilitated by setting up two new camps this year to address… Read More

July 3, 2021 @ 2:17 pm By Omar Faridi  |  

The St.Gallen-headquartered wealthtech company Kaspar& reveals that it has managed to secure a seat in the second stage of Switzerland’s startup accelerator program, Venture Kick. The company’s management states: “We want to take care of your financial life. That’s why Kaspar& is designed to provide… Read More

July 3, 2021 @ 1:15 pm By Omar Faridi  |  

Cornèr Bank Group, an established issuer of credit and prepaid cards to individuals and companies across Europe, has reportedly reached a key milestone in its digital transformation efforts by successfully migrating its card portfolios across all products and markets to an advanced and more consolidated… Read More

July 1, 2021 @ 11:11 am By JD Alois  |  

Covario, a digital asset prime broker, has selected METACO to scale its digital asset custody operations according to a statement from the firm. Covario says that METACO’s Harmonize will coordinate existing vault and sub-custody solutions and provide policy management framework for Covario’s technology solutions. Covario… Read More

June 30, 2021 @ 5:19 pm By Tony Zerucha  |  

One out of every four dollars stored offshore heads to Switzerland, data from AksjeBloggen.com reveals. A total of $2.4 trillion is stored in the country, with Hong Kong in second at $2.1 trillion. Singapore sits in the third spot at $1.2 trillion. The United States,… Read More

June 30, 2021 @ 9:31 am By JD Alois  |  

Deutsche Börse Group has acquired majority ownership in Crypto Finance AG. In a public statement, Deutsche Börse said this builds upon its ability to support digital assets by providing a direct point to invest in crypto as well as providing custody. Deutsche Börse said it paid… Read More

June 30, 2021 @ 7:25 am By Omar Faridi  |  

Switzerland-based Fintech firm neon has reportedly secured 5 million CHF through a crowd investing campaign that lasted for less than an hour. 🚀 oder 🛸Das war wirklich Wahnsinn. Wir sind überwältigt! Der Staub setzt sich gerade und unser Adrenalin auch grad dazu….🙌💗 pic.twitter.com/jG7xSJj5Qd — neon… Read More

June 26, 2021 @ 2:42 pm By Omar Faridi  |  

PriceHubble, a B2B Proptech firm, has finalized its fourth acquisition by adding Czech Proptech company Realtify. Pricehubble is currently operating in nine different countries. As noted by its management: “PriceHubble is a PropTech company, set to radically improve the understanding and transparency of real estate… Read More

June 26, 2021 @ 12:39 pm By Omar Faridi  |  

Switzerland’s Instimatch Global, a digital platform for institutional short-term money market trading, is teaming up with Swiss Fintech FQX to complement its main offering by providing  eNotes™, which is described as a disruptive short-term financing and payment tool. As noted by its management: “FQX provides… Read More

June 24, 2021 @ 10:11 am By JD Alois  |  

Digital Assets AG, a Swiss-based blockchain firm supporting the issuance of tokenized financial instruments, says its tokenized stock infrastructure will move to the Solana blockchain. Simultaneously, the company said it will launch the first free-floating security tokens allowing the compliant transfer of tokenized stocks on… Read More

June 24, 2021 @ 1:12 am By Omar Faridi  |  

Accenture (NYSE: ACN) has reportedly made an investment, via Accenture Ventures, into Imburse, a Cloud-powered, payments-as-a-service enterprise platform that aims to simplify the way businesses gain access to the international payments ecosystem. Established in Zurich, Switzerland in 2018, Imburse works cooperatively with various insurers, banking… Read More

June 23, 2021 @ 11:51 pm By Omar Faridi  |  

Neobanking platform Yapeal has started offering cross-border money transfers to its clients through Fintech Wise (formerly Transferwise and now pursuing listing on the LSE). Through the partnership, Yapeal will work with Wise to make cross-border transactions fast, simple, and cheap for their app’s users. Wise,… Read More

June 23, 2021 @ 3:43 pm By Tony Zerucha  |  

Swiss-based SEBA Bank, along with partners Banque Internationale à Luxembourg and LuxCSD, has successfully completed their CBDC experiment with Banque de France. The process involved completing the delivery versus payment of a listed security with TARGET2-Securities as a delivery platform in a test environment along… Read More

June 23, 2021 @ 9:25 am By Omar Faridi  |  

Analytics software company FICO recently revealed that Switzerland-based PostFinance will be protecting almost 3 million debit cards with the FICO® Falcon® Platform, an AI-enhanced payments card protection solution. PostFinance, the financial services division of Swiss Post, says it will be using the Falcon Platform to… Read More

June 22, 2021 @ 1:40 pm By Omar Faridi  |  

Switzerland-based Relai, the provider of a Bitcoin investment app, has revealed that it secured CHF 2.5 million in capital via a Series A round that was led by Swiss VC Redalpine. The funding has been acquired less than a year after the company entered the… Read More

June 22, 2021 @ 8:02 am By Omar Faridi  |  

The Swiss Federal Council, the seven-member executive council that constitutes the federal government of the Swiss Confederation and serves as the collective head of state and government of Switzerland, announced recently that the DLT Act has come “fully into force” and the agency also  issued… Read More

June 21, 2021 @ 9:26 am By Omar Faridi  |  

BBVA Switzerland has opened its Bitcoin trading service to all private banking customers. After six months of in-house testing with a certain group of users, BBVA Switzerland has decided to make its first digital asset trading and custody service accessible to all its private banking… Read More

June 14, 2021 @ 8:30 am By Omar Faridi  |  

The Swiss National Bank, the Banque de France and the BIS Innovation Hub and a private sector consortium being led by Accenture will be carrying out a pilot program by using wholesale central bank digital currencies (CBDCs) for settling cross-border transfers. The private sector consortium… Read More

June 14, 2021 @ 8:30 am By Tony Zerucha  |  

With most areas of finance exploring tokenization, it was only a matter of time before somebody applied it to the courts. Swiss litigation finance fund Liti Capital is expected to soon launch the LITI token, as an asset-backed equity token. That backing comes from ongoing… Read More

June 12, 2021 @ 10:06 am By Omar Faridi  |  

Global Fintech Circle is now providing what it claims to be a “market-leading” Yield product developed on major stablecoin USDC. The new product is currently available for certain clients through an Early Access Program, the Circle team confirmed in a recent blog post. As mentioned… Read More