Swiss Federal Council Makes Push for Digital Finance
The Swiss Federal Council has released a report outlining its focus on digital finance during its meeting yesterday. In its report, the Federal Council sets out twelve areas of action with specific measures, and instructs the Federal Department of Finance
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Google Cloud Meets Digital Assets and Crypto Payments
Blockchain technology is yielding tremendous innovation and value creation for consumers and businesses around the world. As the technology becomes more mainstream, companies need scalable, secure, and sustainable infrastructure on which to grow their businesses and support their networks. Google
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Swiss Fintechs Raised US$530M in 2021, More Than Double 2020’s Total
In 2021, Swiss fintech funding activity regained some of its strengthen after underperforming for three years in a row. Data from Dealroom show that Swiss fintech companies raised a total of US$530 million, up 129% from 2020. The surge followed
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Swiss Insurtech Firm Helvengo Raised Over CHF 4.2 Million in Seed Funding Round
Helvengo, a Zurich-based insurtech company focused on small and mid-size enterprises (SMEs) has secured over CHF 4.2 million in a seed financing round. The round was led by TX Ventures, the VC arm of Swiss media company TX Group, which
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Crypto Firm Fireblocks Raises US$550 Million, Now Valued at US$8 Billion
Fireblocks, a US-based platform that allows financial institutions to store, move and issue cryptocurrencies, has raised US$550 million in Series E funding, vaulting its valuation to over US$8 billion. The funding round, co-led by D1 Capital Partners and Spark Capital
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UBS Acquires Digital Wealth Manager Wealthfront for 1.4 Billion USD
Today, UBS and Wealthfront, an automated wealth management provider, signed an agreement whereby UBS would acquire Wealthfront in an all-cash transaction valued at $1.4 billion. With over $27 billion in assets under management and more than 470,000 clients in the
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Project Helvetia Successfully Integrates DLT-Backed Wholesale CBDC Into Existing Core Banking Systems
In Switzerland, Phase II of Project Helvetia has been completed, successfully demonstrating that it is possible to integrate a wholesale CBDC (wCBDC) running on a distributed ledger technology (DLT) platforms into existing core banking systems. Kickstarted in 2020, Project Helvetia
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UK’s Crypto Index Series Pockets Seed Funding From coinIX and F10 Investment
German investment company coinIX and F10 Investment, the investment arm of fintech incubator F10, have jointly poured in seed investment into the Crypto Index Series (CIS). CIS is a UK startup that had successfully graduated from the F10 Incubation Programme
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J.P. Morgan to Acquire a Stake in Viva Wallet
J.P. Morgan announced that it has entered into an agreement with Athen based Viva Wallet, a leading European cloud-based payments fintech company, and its existing shareholders to acquire an ownership stake of approximately 49%, subject to regulatory approvals. Financial terms
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Abacus lanciert innovative Bankkarte mit Hilfe von Yapeal und baut Beteiligung aus
Mit der Lancierung stellt Abacus die Vorteile der Technologie von YAPEAL all ihren Kunden zur Verfügung. Spesen und Zahlungen können in Echtzeit abgewickelt und verbucht werden. Manuelle Buchungen in der Buchhaltung erübrigen sich für diese Prozesse. Mit den über 60’000
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