Tag "Switzerland"
Adoption of Mobile Payment Apps Among Swiss Online Retailers Soars
In Switzerland and Austria, online retailers are embracing mobile wallets at a fast pace, with local player Twint but also Apple Pay and Google Pay witnessing strong traction, a new report by the Zurich University of Applied Sciences (ZHAW) and
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Switzerland and Liechtenstein Remain Dynamic Centers for Crypto Asset Investments
Switzerland and Liechtenstein are maintaining their positions as vibrant hubs for crypto asset investments, a leadership that’s manifested by rising adoption of cryptocurrencies and digital assets, increased integration of crypto assets into traditional banking systems and the continuous introduction of
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Regulatory Clarity and Digital Innovation Enable Digital Bond Growth in Switzerland
The Distributed Ledger Technology (DLT) Act of Switzerland has placed the country among the global leaders in digital asset regulations and enabled the development of a rich and diverse ecosystem centered around DLT-based applications and systems. The regulatory clarity provided
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4 New Swiss Fintech Startups to Follow in 2023
After a declining year 2021, the Swiss fintech sector bounced back up in 2022 with an increase of 14% in the number of active companies in the country, data from the Lucerne University of Applied Sciences and Arts’ Institute of
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Swiss Fintech Funding Pulls Back 45% YoY
Venture capital (VC) financing going into Swiss fintech startups pulled back significantly in H1 2023, plummeting by more than 45% year-on-year (YoY) as the global economic downturn continued to weigh on startup valuations and the VC funding landscape as a
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Use of Digital Investment and Retirement Planning Solutions Picks up in Switzerland
In Switzerland, an increasing number of consumers are turning to digital solutions to independently build wealth and prepare for their future retirement life. A new study conducted by the Lucerne University of Applied Sciences and Arts in collaboration with Raiffeisen
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Swiss Banks Unlikely to Migrate to Blockchain, DLT Systems, Says SNB Advisor
While some banks have started experimenting with blockchain and distributed ledger technology (DLT), widespread migration to these systems are unlikely to occur due to a number of roadblocks, including regulatory and compliance challenges, the high costs of the endeavor, as
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Swiss Central Bank Payment Vision Outlining Focus on DLT, Tokenization and Instant Payments
The Swiss National Bank (SNB) has shared how it intends to “future-proof” the domestic payment ecosystem, outlining its ambition to leverage technologies and processes including tokenization and distributed ledger technology (DLT) to establish an “efficient, reliable and secure ecosystem” that’s
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Swiss Fintech Study 2022: Fintech Sector Rebounds After 2021 Decline
After a market slump in 2021, the Swiss fintech industry rebounded in 2022, with the number of companies operating in the sector rising, investment increasing, and banking incumbents stepping up their digitalization game, a new report by the Lucerne University
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Fintech Takes Second Place in Swiss Startup Funding; Secures CHF 910M in 2022
In 2022, Swiss fintech companies secured a total of CHF 910 million, a figure that puts the sector at the second position in terms of startup funding raised last year, data from a new report by news portal startupticker.ch and
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