Tagged: switzerland

May 3, 2020 @ 8:25 pm By Omar Faridi  |  

Sygnum Bank, a licensed digital asset bank, confirmed on April 30, 2020, that XRP digital tokens will be available through its banking services platform. Customers now have the option of depositing, trading, and accessing credit services using the XRP cryptocurrency. Headquartered in Switzerland, the FINMA-licensed… Read More

May 3, 2020 @ 3:47 pm By Omar Faridi  |  

Over 150 different Ethereum (ETH) projects have acquired almost $25 million in total grant funding to date. The Ethereum Foundation, a Switzerland-based non-profit entity supporting the ongoing development of Ethereum, is the largest donor. The foundation has allocated more than $21 million (of the total… Read More

April 29, 2020 @ 1:35 am By JD Alois  |  

Blockchain Trust Solutions BCTS is introducing a blockchain network, SwissDLT, that is said to combine Swiss features such as “reliability, security, neutrality” along with being compatible with other common blockchain systems, according to a release. BCTS has developed the solution with its infrastructure partner Axpo… Read More

April 27, 2020 @ 7:51 am By Omar Faridi  |  

  The Swiss Crypto Valley Association, a Fintech and blockchain-focused organization based in a region located near Zurich, is reportedly asking Switzerland’s government to provide CHF 100 million (appr. $102.7 million) in relief funding. This fund, if approved, would help with bailing out crypto and… Read More

April 16, 2020 @ 11:01 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has distributed a statement on Libra’s application for a “payment system license.” Initiated by Facebook, Libra is a digital currency attempting to facilitate payments globally outside of the traditional payments rails. The Libra Association is headquartered in Geneva,… Read More

April 16, 2020 @ 10:34 am By JD Alois  |  

The Libra Association, Facebook’s push to create a global non-sovereign digital currency, is applying for a Payment System License from the Financial Markets Supervisory Authority (FINMA) in Switzerland. In addition to applying for the FINMA license and updating the white paper, the Libra Foundation reports… Read More

April 2, 2020 @ 8:08 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has published its annual report for 2019. FINMA said that blockchain technology continued to “preoccupy FINMA intensively.” FINMA currently oversees over 29,200 financial services firms and products. FINMA said it is increasingly seeing the development of digital securities… Read More

March 27, 2020 @ 7:00 pm By Max Lyadvinsky  |  

Do you ever step back and consider how quickly tech has changed, well, everything? Better devices spurred better internet connection and new cultural contexts. It is almost hard to remember a time when people did not always have connected computers in their back pockets. The… Read More

March 27, 2020 @ 12:20 pm By JD Alois  |  

Mt Pelerin, in partnership with ID Quantique (IDQ), has started testing its digital asset custody solution in Switzerland, according to a release The “Quantum Vault” is described as being an ultra-secure digital asset custody solution. In October 2019, IDQ and Mt Pelerin received funding from… Read More

March 24, 2020 @ 4:12 pm By JD Alois  |  

Sygnum Bank, a licensed digital asset bank, has launched a stablecoin labeled Sygnum Digital CHF (DCHF) – a crypto tied to the Swiss Franc. This is a first stablecoin launched by a regulated Swiss bank. Sygnum also holds a capital markets services (CMS) license in… Read More

March 22, 2020 @ 5:50 pm By Omar Faridi  |  

Switzerland-based Temenos (SIX: TEMN), a banking software company, has teamed up with ClearBank, a challenger clearing bank (the UK’s first new clearing bank in over 250 years), in order to help local banks access UK’s payment platforms and real-time payment services in the cloud. Clearbank’s… Read More

March 17, 2020 @ 1:50 pm By JD Alois  |  

The Coronavirus pandemic has disrupted the entire world. Traditional financial markets, as well as digital asset markets, have experienced extreme volatility. One asset that has held out relatively well is physical gold – a commodity that continues to interest certain investors in times of extreme… Read More

March 14, 2020 @ 4:33 pm By JD Alois  |  

Yapeal, an aspiring digital bank based in Zurich, has received the very first Fintech license in Switzerland. In 2019, the Swiss Parliament introduced the Fintech license enforced by the Financial Market Supervisory Authority (FINMA). The requirements for Fintech companies are based on the established auditing… Read More

March 11, 2020 @ 6:33 pm By Omar Faridi  |  

Finantix has reportedly signed an agreement for the acquisition of Zürich-based InCube Group AG, a company with a team of artificial intelligence (AI) specialists, quant and application developers and finance professionals that create data-driven, AI-powered products for wealth managers and insurers. Finantix’s acquisition of InCube… Read More

March 9, 2020 @ 7:46 am By Omar Faridi  |  

Zürich-based Swiss Infrastructure and Exchange (SIX) Group AG, the operator of Switzerland’s stock exchange, will be integrating a platform developed by Know Your Customer, in order to enhance its existing procurement process and to be able to perform a better assessment of risks when dealing… Read More

March 7, 2020 @ 4:21 pm By JD Alois  |  

The growth of Fintech has slowed in Switzerland but simultaneously, the sector is maturing and showing signs that Fintechs are “beginning to outpace the [traditidional[ financial companies,” according to the IFZ Fintech Study 2020 from the Lucerne University of Applied Sciences and Art. The report… Read More

March 6, 2020 @ 3:19 pm By Omar Faridi  |  

Digital banks are establishing new financial industry standards when it comes to better usability, and are introducing handy features such as card management and personal money management. For digital bank users, this will come as no surprise. A recent study published by the consulting company… Read More

March 5, 2020 @ 12:15 am By Omar Faridi  |  

Swisscard AECS, a company that provides American Express, Mastercard and VISA cards for private and business customers, has updated its early collections by using FICO analytics. This has reportedly resulted in a net 50% increase in revenue generated from billable collection expenses.  The update has… Read More

February 28, 2020 @ 11:58 pm By Samantha Hurst  |  

Omniex, an institutionally focused investment and trading platform for digital assets, announced this week it received an investment, as well as formed a strategic partnership with Swiss infrastructure and exchange platform, SIX – the operator of the Swiss Exchange, the principal stock exchange based in… Read More

February 10, 2020 @ 12:06 pm By Samantha Hurst  |  

Blockchain software firm BitGo announced on Monday it is expanding its global presence with new custodial entities in Switzerland and Germany. According to BitGo,  BitGo’s Swiss entity BitGo GmbH is a member of the Financial Services Standards Association (VQF), supervised by the Swiss Financial Market… Read More