TX Group Leads Lend’s Funding Round With CHF 5.5 Million
Swiss media company TX Group led the Series B financing round for Lend, a crowdlending platform, with an investment of CHF 5.5 million in a move that will strengthen its existing fintech portfolio. Other investors in the round included PostFinance
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SIX Orchestrates Swiss OpenWealth API Roundtable for Financial Institutions
Swiss Fintech Innovations (SFTI), OpenWealth (orchestrated by Synpulse) and b.Link of SIX are jointly initiating a roundtable for Swiss financial institutions to discuss the state of open banking. Four and a half months ago SIX officially launched the open banking
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COVID-19 Accelerates Shift to Digital Payments, Virtual Banking: McKinsey
The COVID-19 pandemic and its many repercussions have dramatically changed consumer behaviors, accelerating the move from physical to virtual banking and boosting digital payments, according to a new report by McKinsey. All forms of electronic payments, whether peer-to-peer (P2P) or
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Swiss Re and Daimler Join Forces to Launch Insurtech Startup Movinx
Swiss Re and Daimler Insurance Services have launched a new company called Movinx for automotive and mobility insurance. Both shareholders of the 50/50 joint venture will leverage their expertise to establish a new business model. The aim is to develop
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New Deutsche Bank Paper Outlines Opportunities and Challenges of CBDCs
Central banks around the world are exploring the potential of digital currencies to improve monetary transactions. While so-called central bank digital currencies (CBDCs) appear to be upon us, promising many benefits including faster and cheaper transfers, they also present multiple
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New Swiss Challenger Bank FlowBank to Be Powered by Temenos
Temenos announced that FlowBank has selected Temenos Transact to power its new digital bank in Switzerland. Temenos Transact core banking technology is said to enable FlowBank to rapidly launch and offer a new investing experience to private and institutional investors
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Mt Pelerin’s Tokenised Shares Can Now be Converted to Standard Shares
Mt Pelerin, a Swiss blockchain company specialising in banking and finance, unveiled a new process to make security tokens bankable with financial institutions in a move to accelerate adoption by all types of investors. Mt Pelerin made its first breakthrough
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Digital Banking Solution Meniga Announces US Expansion
Meniga, provider of AI-powered digital banking solutions, announced that it has expanded its business to the US, with a dedicated team appointed to drive sales operations. The new US team – operating remotely before opening planned premises in New York
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Top 8 Swiss Fintech “Bankers” in 2020 – Bilanz Ranking
The recently released Bilanz’s list of top 100 Swiss bankers serves to recognise and celebrate the contributions that these financial leaders have made in the region. We would like to highlight the additions of eight fintech “bankers” who have also
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Christie’s First Auction of Blockchain Related Artwork Sold for More Than US$130,000
The world’s purported first blockchain-focused art, Block 21 was sold off at Christie’s, renown auction house. Block 21 is a part of Portraits of a Mind, a global art project decentralising the founding code behind Bitcoin into 40 fragments. Portraits
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