Various

Former UBS CEO Joins Board of Directors of a Swiss / Singaporean Fintech Venture

Sygnum informed the nomination of Peter Wuffli, former Group CEO of UBS, to its Board of Directors subject to the formal election by an Extraordinary General Assembly of shareholders. As a member of Sygnum’s Advisory Council and an active investor

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Swiss Fintech Licence and Sandbox: Adjustments to FINMA Circulars

The introduction of the new FinTech licence and a revision of the provisions relating to the sandbox necessitate certain technical changes to supervisory practice. The Swiss Financial Market Supervisory Authority FINMA is publishing the relevant revised circulars. The Swiss parliament

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Bank Frick Acquires Majority in the Fintech Group 21.finance AG

Following a capital increase at 21.finance AG, Bank Frick now holds a majority in the Liechtenstein-based fintech company of 50.14 %  of the share capital. Founders Max J. Heinzle and Udo Oksakowski hold just under 30 per cent of the

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SIX FinTech Ventures Acquires Stake in a Swiss Online User Verification Software

SIX Fintech Ventures has acquired a stake in PXL Vision AG, a Zurich-based start-up that began as a spin-off from the ETH Zurich and offers solutions in the area of online user verification. SIX Fintech Ventures acquisition was made in parts, to

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Swiss Entrepreneurs Foundation Sammelt 190 Millionen Franken ein und Beginnt zu Investieren

Der von der Swiss Entrepreneurs Foundation im Februar 2019 lancierte Swiss Entrepreneurs Fund hat die erste Fundraising-Phase erfolgreich abgeschlossen und Gelder im Umfang von 190 Millionen Franken eingesammelt. Der Fonds kann nun ab August in Schweizer Startups und innovative KMUs in

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5 Key Solutions for Digitization of Corporate Payments

Corporate payments constitute a significant share of the revenue-pie in corporate banking. But banks have struggled with challenges of slow and sluggish reconciliation due to batch processing and lack of straight-through processing in this crucial line-of-business for a long time.

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BIS to Establish Innovation Hub in Collaboration with Swiss, Singapore and HK Monetary Authority

The Bank for International Settlements has today announced that it is establishing an Innovation Hub aimed at fostering collaboration between central banks in the area of innovative financial technology. As an initial step, Hub Centres will be set up in

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AXA Beteiligt sich an den Startups Accounto und Swibeco

Die AXA arbeitet mit verschiedenen Startups zusammen, um Kundenbedürfnisse über den klassischen Versicherungsbereich hinaus zu bedienen. Nun beteiligt sich der grösste Schweizer Versicherer an Accounto und Swibeco, zwei Startups, die innovative Lösungen für KMU anbieten. Die AXA investiert gezielt in

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The Fintech Awards Highlight Luxembourg’s Standing as Model Digital Nation

The winner of this year’s Fintech Awards Luxembourg is Tokeny, a fintech startup from Luxembourg in alternative finance, followed by runners up OKO (Israel) and Uniken (USA). The Lighthouse Award, given to the startup that best harnesses data-driven technology, went

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Online Invoicing and Accounting Solutions for Self-Employed and SMEs in Switzerland

In the traditional business model, invoices are created at the end of each billing period, then printed, put in an envelope and mailed to the customers. However, there are several problems and drawbacks with this method including the fact that

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