Fusion, a Swiss Fintech Accelerator launched in February that seeks to boost promising fintech startups, as well as fostering the local fintech industry, has selected ten startups to join its fintech accelerator’s first class. Created by Swiss venture capital firm Polytech Ventures in collaboration with Temenos, a leading banking technology provider, Fusion is the very first program of its kind in Switzerland. Yesterday, the company has announced the ten startups it had chosen to integrate its Swiss Fintech Accelerator program among over a hundred applications from 37 countries. The ten startups selected come from seven different countries and tackle industries…
Author: Fintechnews Switzerland
AXA announced today the creation of Kamet, a €100m InsurTech incubator dedicated to conceptualizing, launching and accompanying disruptive products and services for insurance clients. Selected projects will be led by either AXA employees or external entrepreneurs. They will all benefit from both the agility of the incubator and AXA’s expertise across the world. Kamet will be led by Stephane Guinet who will leverage his successful experiences as entrepreneur and CEO of AXA Global Direct since its launch in 2009. Under his leadership, AXA Global Direct has conquered leading positions in direct markets across the world and become a center of…
Are you THE FinTech startup to watch? Do you want to take your venture to the next level? Then apply to the Swiss FinTech Pitch Day in Zurich where 9 cutting edge FinTech startups will get the chance to present their venture. When?/Where 5th November 2015 / SIX Zurich Why? Get pitch training by experienced startup trainers (incl. Video Podcast) Pitch in front of a selected crowd of FinTech investors and executives of established banks and insurance companies Receive valuable feedback in a 5min Q&A and 5min feedback session by investors & experts in the jury Be connected to…
Yacuna is a London-based cryptocurrency trading platform that allows users to trade bitcoin, dogecoin, litecoin and ultracoin, for EUR and GBP. Launched in September 2014, Yacuna is led by a management team composed of highly qualified individuals. Prior to Yacuna, some of them had held leading positions at major tech and telecom firms such as ClickandBuy and Deutsche Telekom. So far, over 400,000 transactions have been done through Yacuna, on and off-chain, with over 500,000 EUR in customers deposits turnover. Yacuna’s platform fully supports Proof-of-Work, Proof-of-Stake and hybrid consensus technologies. Yacuna charges fees only for successful trades and on withdrawals.…
Evaluating the result of your investment portfolio can be a hassle; especially if you are not familiar with the typical financial jargon. Well, Performance Corner wants to change that and make what is traditionally accessible to a handful of professionals, comprehensive to the masses. This free portfolios management comparison site allows you to keep track and understand better how your investments are doing while taking into account the risks encountered. Everyday, the platform analyzes and gives you summaries of how things are going with your investments. You can even compare your performances with other registered users. Its guideline: “Popularize and…
A very promising UK Fintech startups offers free money transfers, no fees on a Mastercard and even allows you to top up your account with Facebook or Whats App. Appearing on the market later than the famous money transfer service Transferwise, Revolut also has a no-hidden-fee policy but works a little different. This 3 points will convince you to use this App when you travel abroad. 1) No Hidden Fee, plus, No Service Fee Customers are greedy, we always want more. Transferwise, without a doubt, is one of the best money transfer services, but Revolut captures more than just the no-hidden-fee foundation: the…
The Swiss crowdfunding market has experimented a promising 36% growth in 2014, according to a new report. Experts expect the industry to grow further as peer-to-peer lending, reward-based crowdfunding and crowddonating are becoming widely popular. Crowdfunding is gaining popularity in Switzerland, as entrepreneurs are increasingly turning to this alternative way of raising capital to reach thousands, if not millions, of potential investors over the Internet. According to a recent Swiss Crowdfunding Study from the Institute of Financial Services Zug IFZ of the Lucerne School of Business, CHF 15.8 million was raised for 1078 campaigns in 2014: a 36% increase compared…
Robo Advisors are expanding fast. Fueled by VC investments, these fintech startups are currently handling some US$14 billion worth of assets and are now looking to collaborate with traditional advisors, according to a new report. Authored by international consulting firm Chappuis Halder & Cie., the “Investment Advisory: The rise of the robots” report addresses the growing industry of Robo Advisors. Robo Advisors are online wealth management platforms that use technology to provide automated, algorithm-based portfolio management advice, limiting the need of human intervention. While the industry is still nascent, it is growing at an impressive pace with several companies already…
Am 23. September findet in Zürich die erste Crypto und Blockchain Konferenz statt. Der Veranstalter Rino Borini setzt sich im Interview für ein Crypto Valley Schweiz ein. Zudem erklärt er warum an der Konferenz ein Bitcoin Automat aufgestellt wird und einer der Sprecher explizit nur mit Hund auftreten will.
The Fintech Startup Weekend Zurich: The FinTech Edition Join the 1st FinTech Edition of Startup Weekend Switzerland and create a fintech startup in 54 hours. What is FinTech ? A contraction of “finance” and “technology” – it refers to companies that provide financial services through the engagement of technology. Global investment in fintech ventures tripled to $12.21 billion in 2014 (source: Accenture). The digital revolution will reshape the financial industry in a near future. What is FinTech Startup Weekend Zurich ? A 54-hour event for developers, designers and entrepreneurs to hack on your latest fintech idea. You will be able to present your own concept…
Sending money abroad is no hassle-free task, especially with immigrants who try to work hard to earn money and sending it back to their families. While the number of immigrants sending money abroad are still on the rise, the transferring fees do not seem to go down; not to mention how unaware of these users of how international money transfer actually, those users have been wasting lots of their money on the transferring fees alone while they actually can save more than that. Fed up with this fact, the Briod brothers François and Pascal, together with Laurent Oberholzer, came up…
Swiss-based corporate think-tank, World Economic Forum (WEF), has released a new report on fintechs in which the notorious organization explores how disruptive innovations are transforming the financial services industry. The fintech industry, which attracted some US$12.2 billion in global investments last year, is continuously pressuring banks and financial institutions to innovate as new entrants lay claim to more and more of the US$6.6 trillion on revenues at stake in global retail financial services. “Innovation will shape customer behaviors, business models and the long-term structure of the financial services industry,” argues Chris Harvey, Global Leader, Financial Services, at Deloitte Touche…
Swiss-based ECUREX has become the first bitcoin trading platform to be fully compliant with the Swiss Banking Act. The news broke on May 19, following sixteen months of investigation by the Swiss Financial Market Supervisory. The exchange has passed the second and final step into becoming the very first fully legitimized and authorized digital currency exchange operating in Switzerland. ECUREX has already been compliant with the Swiss Anti-Money Laundering Act, AMLA, since April 2014. Now the compliance with the Swiss Banking Act represents a significant milestone for the company and demonstrates its commitment to industry best practices, ECUREX said in…
SIX und Swisscom planen eine strategische Partnerschaft, um gemeinsam mit den Banken eine gesamtschweizerische Lösung für das mobile Bezahlen über sämtliche Kanäle zu etablieren. Basis für die Partnerschaft ist die im Mai 2015 von SIX, UBS und Zürcher Kantonalbank lancierte Bezahllösung Paymit, die nun auch für den Handel weiterentwickelt wird. SIX und Swisscom sind überzeugt, so Mehrwert für Kunden und den Handel zu schaffen.SIX und Swisscom wollen ausserdem neuartige Dienste entwickeln, die das Einkaufserlebnis des Kunden verändern werden. Paymit steht im Zentrum einer strategischen Partnerschaft zwischen SIX und Swisscom. Mit Paymit können Kunden schon heute via Smartphone Geld versenden und…
Migros Bank, has announced its latest addition into its Mobile Banking app, a new service called MobilePay P2P that allows users to send up to 100 CHF to anyone for free. MobilePay P2P promises an easy, fast and convenient way to send money without cost, requiring only a smartphone. The app, which can be use on desktop and via mobile phone, lets users choose between two methods to send or receive funds: either by credit card/bank transfer or via PayPal. Users don’t need to be a client at Migros Bank. By only downloading the app on your smartphone or by…
The Swiss FinTech Innovation Lab is a cross-disciplinary research program on the global phenomenon of innovation in the financial industry induced by “Financial Technology” (FinTech). It involves researchers from banking and finance, business informatics, innovation management, strategic management, marketing, social sciences, economics, and many other disciplines. The lab`s goal is to conduct research on the topic of digitisation in the financial services industry together with participants from the whole value chain, including banks, insurers, providers, regulators, and various other organizations and associations from the FinTech ecosystem. Hosted at the University of Zurich, the Swiss FinTech Innovation Lab cooperates with a…