The State Secretariat for International Finance (SIF) together with industry representatives, has launched the Green Fintech Network on 3 November 2020.
The Federal Council sees sustainable finance as a great opportunity for the Swiss financial center. The combination of sustainable financial services and digital technology (green fintech) is said to be promising.
SIF has recognised the importance of ecological sustainability in the financial sector both nationally and internationally, releasing a report and guidelines on sustainability in the financial sector.
State Secretary Daniela Stoffel laid the foundation for the network during a virtual meeting with the relevant industry players. The aim of the network is to ensure close cooperation between SIF and key specialists from the Swiss green fintech ecosystem.
The main industry players are represented in the network are green fintech companies and associations, risk capital firms, universities or specifically universities of applied sciences as well as consultancy and law firms.
The Green Fintech Network’s mandate is to identify areas in which the conditions for green fintech in Switzerland could be improved. The network should then submit concrete proposals to both the government and the private sector. The network aims to assist in the implementation of measures once the proposals are finalised.
The results of the Green Fintech Network’s initial activities will be recorded in an action plan, which is due to be published in spring 2021.
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