Tag "Switzerland"
Swiss-Backed CBDC Project Explored Feasibility of Cash-Like, Anonymous Digital Currency
Project Tourbillon, an initiative led by the Bank for International Settlements (BIS) Innovation Hub Swiss Centre and supported by the Swiss National Bank (SNB), explored the feasibility of a retail central bank digital currency (CBDC), finding that it is possible
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Switzerland Sees Slow Uptake of Open Banking
Despite ranking high in digital evolution, Switzerland lags behind some of its European counterparts in digital trust, behavior and demand. These attributes, coupled with consumers’ stronger affinity for cash and their loyalty to the traditional banking sector, have led the
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6 Prominent AI Investors in Switzerland to Know
Venture capital (VC) into Europe’s tech industry dropped by half this year, plunging from US$82 billion in 2022 to an estimated US$45 billion this year, a new report by European VC firm Atomico says. But in this gloomy VC landscape,
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Adoption of Mobile Payment Apps Among Swiss Online Retailers Soars
In Switzerland and Austria, online retailers are embracing mobile wallets at a fast pace, with local player Twint but also Apple Pay and Google Pay witnessing strong traction, a new report by the Zurich University of Applied Sciences (ZHAW) and
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Switzerland and Liechtenstein Remain Dynamic Centers for Crypto Asset Investments
Switzerland and Liechtenstein are maintaining their positions as vibrant hubs for crypto asset investments, a leadership that’s manifested by rising adoption of cryptocurrencies and digital assets, increased integration of crypto assets into traditional banking systems and the continuous introduction of
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Regulatory Clarity and Digital Innovation Enable Digital Bond Growth in Switzerland
The Distributed Ledger Technology (DLT) Act of Switzerland has placed the country among the global leaders in digital asset regulations and enabled the development of a rich and diverse ecosystem centered around DLT-based applications and systems. The regulatory clarity provided
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4 New Swiss Fintech Startups to Follow in 2023
After a declining year 2021, the Swiss fintech sector bounced back up in 2022 with an increase of 14% in the number of active companies in the country, data from the Lucerne University of Applied Sciences and Arts’ Institute of
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Swiss Fintech Funding Pulls Back 45% YoY
Venture capital (VC) financing going into Swiss fintech startups pulled back significantly in H1 2023, plummeting by more than 45% year-on-year (YoY) as the global economic downturn continued to weigh on startup valuations and the VC funding landscape as a
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Use of Digital Investment and Retirement Planning Solutions Picks up in Switzerland
In Switzerland, an increasing number of consumers are turning to digital solutions to independently build wealth and prepare for their future retirement life. A new study conducted by the Lucerne University of Applied Sciences and Arts in collaboration with Raiffeisen
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Swiss Banks Unlikely to Migrate to Blockchain, DLT Systems, Says SNB Advisor
While some banks have started experimenting with blockchain and distributed ledger technology (DLT), widespread migration to these systems are unlikely to occur due to a number of roadblocks, including regulatory and compliance challenges, the high costs of the endeavor, as
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