Swiss Fintech Innovations (SFTI) has welcomed the launch of a standardised digital pension certificate for vested benefits and Pillar 3a pension foundations.

Developed by Verein Vorsorge Schweiz (VVS) in partnership with the bvg-digital association, the initiative aims to make pension certificate data machine readable and reusable across digital services.

The new QR code standard formats key pension information into a structured layout.

This design enables financial applications to integrate pension data in a structured way, simplifying wealth planning for Swiss consumers.

The technical foundation relies on the Pension API Version 4, created by the SFTI Common API working group.

This framework expands existing open finance protocols to include specific support for handling vested benefits and Pillar 3a certificates.

“The digital pension certificate is a very tangible example of the value that common standards can create,”

said Stephanie Wickihalder, President of SFTI.

“Pension data becomes easier to access and can be used more effectively in further digital services.”

SFTI stated that the next phase of the project involves driving implementation across Swiss financial institutions.

The goal is to make the digital pension certificate widely usable across the wealth ecosystem.

Featured image credit: Edited by Fintech News Switzerland, based on image by watercolor_vect via Magnific