Author: Fintechnews Switzerland

Just a few years ago, no one would have predicted mobile and social media would play a big role in money management. Smartphone penetration is reaching a critical adoption level, and the technology provides new methods for conducting day-to-day financial activities. Considering how established financial players are rather slow in adoption new technologies, FinTech startups have a major advance in the mobile field. Spreading the word on new exchange trading strategies and financial solutions takes place all across social media. In fact, several financial platforms (such as Etoro) can connect to existing social media services such as Facebook and LinkedIn.…

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WealthInitiative a Zurich-based fintech startup, has announced the release of its online platform and marketplace that aims to empower wealth managers with a more efficient tool to monitor and manage real estate, art and passion investments. The WealthInitiative platform, launched today, aims to provide wealth managers and top tier wealth institutions with a competitive edge by allowing them to share a network of deals on behalf of their clients in the fields of real estate, art and passion investments. “A basic example would be where you have on one side a client based in Geneva who would like to sell…

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Swiss Fintech Report: Domestic startup activities have risen significantly in Switzerland and the country’s excellent pool of knowledge and talent makes it in good progress into becoming a major global fintech hub. However, in order to reach its full potential, the domestic fintech scene needs more governmental support, according to a new report from EY. In the report, entitled “Swiss Fintech Report 2016: The role of Switzerland as a fintech hub,” EY and Swiss Finance + Technology Association look at the Switzerland’s evolving fintech landscape and address the country’s strengths and weaknesses compared with other global financial services hubs such…

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MeetInvest seeks to democratize stock market investment with a free service that combines a social media platform and an investor toolkit, bringing in one place all the necessary resources for people to start trading like pros. “We want to empower investors by giving them the same toolkits that the professionals have,” Maria Jacquemai, co-founder of MeetInvest told the Telegraph in an interview. “The financial world wants to keep this kind of information a secret but we have decided to give it away for free.” In 2014, Maria and her husband Michel Jacquemai, founded MeetInvest with an aim to demystify stock…

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Smartie is a free online insurance aggregator that allows users to compare insurance products, features and providers, simplifying the buying experience for consumers while improving sales for insurance companies. Alongside being a comparison service, Smartie is also a community of consumers that rate and review health and auto insurance products the same way as Tripadvisor allows users to rate and review hotels. The service brings insurance companies, agents and customers together into a simple and intuitive platform to make buying and selling of insurance services simple and smart. Smartie aims to both increase efficiency and transparency of the insurance market,…

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On February 9 and 10, Finovate will bring together the world’s top innovators, fintech entrepreneurs, experts, bankers, VCs and media, at the FinovateEurope 2016 conference, a two-day event entirely dedicated to the future of banking and finance. Hosted at the Old Billingsgate Market Hall in London, FinovateEurope is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. FinovateEurope, but also FinovateFall in New York, FinovateFall in San Jose, FinDevr in San Francisco and FinDevr in New York, are organized by The Finovate Group. These conferences showcase cutting-edge technology in a demo-only format.…

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Lend.ch (LEND) is a new Swiss peer-to-peer lending platform that aims to modernize the consumer lending market by allowing investors and borrowers to meet directly and ditch banks as intermediaries. LEND, a registered financial intermediary and a trademark and service of Zurich-based Switzerlend AG, provides a crowdlending platform for private loans that allows borrowers to benefit from fair interest rates (~5-9% compared to 12%, the current average interest rate for consumer loans in Switzerland) and investor from better returns. “Traditional banks dominate the Swiss consumer lending market, with its annual volume of CHF 4 billion. Crowdlending is growing rapidly and…

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The Swiss Fintech Award 2016, an initiative by the Finanz & Wirtschaft Forum and Accenture that aims to foster Switzerland’s fintech startup ecosystem, has selected its top ten startups in the competition. Congrats to our Top10! @Advanon @carbondelta @crowdhouse_ch @gobeyondinvest @investglass @Knip @qumram @raisenow @sentifi @WealthArc — Swiss FinTech Award (@FinTechAward) January 21, 2016 SwissawardTop10 @Advanon @crowdhouse_ch @gobeyondinvest @investglass @Knip @qumram @raisenow @sentifi @finnovationCH pic.twitter.com/ZkeEJSlRQP — swissfintech (@swissfintech) 21. Januar 2016 Announced on January 18, following the Accenture Boot Camp held in Zurich, the semi-finalists will now head to the “Speed Dating” phase consisting in presenting their sales pitch in…

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SwipeStox, the self-proclaimed “Tinder for trading,” lets you “swipe and trade” following advices from successful professional traders, who themselves make cash when being copied. Created by the Naga Group AG, a Hamburg-based fintech firm founded in October 2015, SwipeFox is a mobile social trading app that allows people to trade Forex, Indices and CFDs by copying other trades created by from experienced traders. SwipeStox, headquartered in London, is built on a large community of both novice and professional traders and intends to “bring social trading to every single smartphone worldwide,” allowing everyone to gain access to the knowledge of the…

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Paymit, mit aktuell rund 170’000 Downloads die meistverbreitete Bezahl-App der Schweiz, expandiert weiter. Nach SIX, UBS und der Zürcher Kantonalbank bietet ab heute die Luzerner Kantonalbank ihren Kunden Paymit in einer eigenen App an. Im Februar werden Raiffeisen und Banque Cantonale Vaudoise Paymit für ihre Kunden lancieren. Die entsprechenden Paymit Apps werden im Apple App Store und im Google Play Store zum Download verfügbar sein. Schneller Einstieg mit Swisscom Service für Banken Raiffeisen sowie die Kantonalbanken aus Genf, Obwalden, St. Gallen und Zug setzen auf das neue Angebot „Paymit as a Service“ von Swisscom. Zusammen mit dem Entwicklungspartner ti&m und…

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Swiss FinanceFox is moving insurance brokerage and policy management process onto users’ mobile phones. The startup has recently raised US$5.5 million to boost growth in Switzerland and Germany, and fuel its global expansion. The round, led by Salesforce Venture, with participation from AngelList, Idinvest, Seedcamp and Speedinvest, will help FinanceFox expand its marketing and sales activities in Switzerland and Germany and enter new markets. FinanceFox, which currently has offices in Zurich, Berlin and Barcelona, provides users with a single point of access for all insurance matters, letting them manage all existing insurances and get personal advice. FinanceFox intends to move…

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EWise, a leading international provider of Personal Financial Management (PFM) and account aggregation solutions, has been serving some of the world’s most innovative banks and financial institutions including HSBC, Westpac, and FirstDirect. Launched in 2000, eWise’s flagship product, labeled Money Manager, basically brings into one single platform all your financial data. The solution includes Account Aggregation and Personal Financial Management tools, allowing users to understand and manage their money better, while providing banks with tools to enhance engagement and expand relationships. Money Manager uses the eWise “Personal Data Vault” (PDV), a feature that stores users’ credentials securely and privately on a chosen device.…

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WORLDWEBFORUM/Fintech is just a few days ahead and will bring together some of world’s leading fintech entrepreneurs and experts to discuss the future of finance. On January 29th, senior executives from top fintech startups, banks, as well as governmental representatives, will gather at WORLDWEBFORUM/Fintech in Zurich in cooperation with Leonteq, an event sponsored by the likes of Helvetia, Ernst & Young, Cornèr Bank, to discuss all things in fintech. WORLDWEBFORUM/FinTech, which intends to be an “open and neutral platform to discuss the vast and dynamic potential of financial technology,” will host a set of keynotes and panel discussions entirely dedicated to…

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Fintech Switzerland Infographic 2016:In this Infographic you will find facts about Fintech and Switzerland, such as information about the population, Mobile Penetration, Mobile-Demographics, upcoming Fintech Events in Q1 and about Swiss Fintech Startups. Please share. Infographic Fintech Switzerland 2016

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Die FinTech-App FinanceFox, die Versicherer, Vermittler und ihre Kunden zusammenbringt, hat eine Finanzierungsrunde über 5,5 Millionen US-Dollar abgeschlossen. Angeführt wird die Finanzierung von Salesforce Ventures, auf deren Plattform die App zudem basiert. Weitere Investoren der App sind AngelList, Idinvest, Seedcamp und Speedinvest. Mit dem Kapital wird FinanceFox das Marketing und den Vertrieb in der Schweiz und in Deutschland ausbauen sowie weitere Märkte erschliessen. Die Digitalisierung des Versicherungsmarkts eröffnet allen Beteiligten vollkommen neue Möglichkeiten bei Service und Transparenz. Die daraus resultierenden Mehrwerte integriert FinanceFox in sein hybrides Geschäftsmodell aus moderner App-Technologie und persönlicher Beratung auf Basis des traditionellen Versicherungsgeschäfts. Damit werden…

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Robinhood, a major American brokerage known for being the first company to offer zero trading commissions for US listed stocks as well as zero account minimums, is planning to launch in Europe as the company seeks for a “Chief Executive to lead and operate [its] planned UK/EU expansion,” according to a new job listing. In May 2015, the company triggered its global expansion following a US$50 million round of funding led by New Enterprise Associates (NEA), announcing Australia as its first international market. Robinhood has since been waiting for its regulatory approval. Launched in 2013, the Robinhood app lets users…

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As the New Year beckons, it’s time to speculate about what 2016 holds. Here are nine predictions from Ben Robinson, Chief Strategy & Marketing Officer at Temenos. 1. Talent management will be a much bigger issue. In Temenos’ annual banking survey, double the number of bankers compared to last year told us that attracting and retaining the right talent was their biggest priority. And it is in technology that the issue is most acute. Banking has become a relatively less attractive place to work at the same time as facing increased competition with all industries for the same kinds of scarce…

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Global investment in financial technology ventures, or fintechs, tripled to US$12.21 billion in 2014, according to Accenture, a clear indication that the financial sector is poised to be disrupted by new entrants. Global fintech investment jumped 201% between 2013 and 2014 with Europe experiencing the highest level of growth with a year-on-year increase of 215%. But who exactly are betting on the European fintech sector? Today, we compile a list of some of the biggest investors in financial technology. We excluded the Accelerators.  You can check out with the following link our separate list of the Top 10 Fintech Accelerators in Europe.…

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Microsoft has launched in the US a new feature that allows Windows 10 users who are Sprint customers to add their phone number to the Windows Store and make purchases on all kinds of devices, including mobiles and desktops. Next stop will be Switzerland, according to reports from Forbes. Microsoft, which announced plans to integrate direct carrier billing back in April 2015, has moved forward with its plans, launching earlier this month the new feature in the US thanks to a partnership with Boku. Boku, a 155-employee firm based in San Francisco, is a leading direct carrier billing mobile payments company…

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