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Bx Swiss Found CEO for Its New Digital Asset Exchange - Fintech Schweiz Digital Finance News - FintechNewsCH
BX Digital is pleased to announce the planned appointment of Lidia Kurt as its new Chief Executive Officer. BX Digital is a sister company of the Swiss exchange BX Swiss and part of the Boerse Stuttgart Group, the sixth largest exchange group in Europe. BX Digital aims to create a transparent, accessible and liquid market for digital assets based on blockchain technology in Switzerland.
Private Equity Firm Acquires finanzen.net From Axel Springer - Fintech Schweiz Digital Finance News - FintechNewsCH
Inflexion, a leading European mid-market private equity firm, is pleased to announce that it has agreed an investment in Finanzen.net Group (“Finanzen” or the “Group”), the digital broker and market leading financial information portal in the DACH region, alongside the founders.
Swiss Marketplace Lending Volume Falls - Fintech Schweiz Digital Finance News - FintechNewsCH
In 2023, Switzerland’s marketplace lending witnessed a significant contraction, with the volume of new debt capital issued on online platforms falling by 10.8% year-over-year (YoY) to approximately CHF 18.6 billion, a joint report by the Lucerne School of Business and the Swiss Marketplace Lending Association (SMLA) says.
EU Leads in Crypto Regulation with MiCA, Travel Rule Updates - Fintech Schweiz Digital Finance News - FintechNewsCH
The regulatory landscape for cryptocurrencies has undergone significant transformation in 2024, with the European Union (EU) leading the charge through landmark initiatives such as the Markets in Cryptoassets (MiCA) regulation, but also guidelines on stablecoins as well as updates to the so-called “travel rule” for crypto transfers, a new report by Elliptic, a British blockchain analytics firm, says.
Germany’s 12 Fastest-Growing Fintech Startups in 2024 - Fintech Schweiz Digital Finance News - FintechNewsCH
Sifted, a tech media brand backed by the Financial Times (FT), has released its annual ranking of Germany’s fastest-growing startups. This year, fintech dominates the leaderboard, with 12 companies offering cutting-edge solutions in areas including personal finance, expense management and regtech.
Schweizer Krypto-Anleger Studie: Revolut, Swissquote und Binance führend - Fintech Schweiz Digital Finance News - FintechNewsCH
Die Bedeutung von Kryptowährungen hat in den letzten Jahren stark zugenommen. In der Schweiz investieren 11 Prozent der Bevölkerung in Krypto-Anlagen. Die meisten Personen tun dies aus Interesse und Neugier mit verhältnismässig kleinen Beträgen – und weniger aus Rendite- oder Diversifikationsgründen.
Digital Wallets Evolve Into Sophisticated, Multifunctional Financial Ecosystems - Fintech Schweiz Digital Finance News - FintechNewsCH
The digital wallet industry has transformed into a dynamic and complex landscape over the past years, evolving from simple payment tools into sophisticated, multifunctional digital platforms that are playing an essential role in the broader financial landscape.These digital wallets now offer a wide array of services beyond basic payments, incorporating features such as account management, financial insights, and access to a variety of financial products, but also lifestyle services like travel, restaurants and events.
Wyden Secures CHF 14.5 Million Series B and Secures Postfinance, SBI and FiveT as New Investors - Fintech Schweiz Digital Finance News - FintechNewsCH
Wyden, the leader in institutional infrastructure for the digital asset trading lifecycle, announces the successful closing of its latest funding round, securing USD 16.9 million (CHF 14.5 million).
Embedded Finance Market Surges to US$185B with Vast Untapped Potential - Fintech Schweiz Digital Finance News - FintechNewsCH
The market for embedded finance is experiencing significant growth, with the total addressable market (TAM) reaching US$185 billion in 2024, marking a 25% increase from US$150 billion in 2022. According a new report by Dutch payment firm Adyen and Boston Consulting Group (BCG), this rise is being fueled by the favorable interest rate environment and an expansion of banking revenue pools.
Klarpay to Rebrand as Bivial - Fintech Schweiz Digital Finance News - FintechNewsCH
Klarpay AG, a leading fintech providing modern Swiss accounts and global transactional banking, is excited to announce that it will officially rebrand to Bivial AG in the coming weeks. The new name reflects the company's evolving vision and core values while incorporating a personal touch—the initials of its founders.
Digital Cash: UBS Pilots Blockchain-Based Multi-Currency Payment Solution - Fintech Schweiz Digital Finance News - FintechNewsCH
Cross-border payments often lead to delayed settlements. As a result, this creates a fragmented view of liquidity positions for companies. The aim is to increase transparency and security with blockchain-based payments via UBS Digital Cash which should in turn facilitate timely payment processing. In addition, companies should be able to manage intraday-liquidity and adjust liquidity buffers on their accounts more easily in the future, thanks to greater visibility of their total cash positions.
Kaspersky Uncovers Global Cybercrime Campaign Targeting Fintech Users via Telegram - Fintech Schweiz Digital Finance News - FintechNewsCH
Kaspersky Global Research and Analysis team (GReAT) has uncovered a malicious global campaign in which attackers used Telegram to deliver Trojan spyware, potentially targeting individuals and businesses in the fintech and trading industries. The malware is designed to steal sensitive data, such as passwords, and take control of users’ devices for espionage purposes.
Fintech Funding Falls 25%; Quarterly Deal Count Reaches Lowest Level Since 2017 - Fintech Schweiz Digital Finance News - FintechNewsCH
Global fintech funding continued to decline in Q3 2024, falling by 25% quarter-over-quarter (QoQ) to US$7.3 billion, according to CB Insights’ State of Fintech Q3 2024 report. Total deals also dropped, with the number of transactions falling 16% QoQ to 753 to reach its lowest quarterly level since 2017. This represents a sharp contraction from Q3 2022 during which 1,500 deals were recorded, underscoring the steep drop in funding activity in the sector over the past two years.
So viel kosten die Vorsorge-Apps in der Schweiz - Fintech Schweiz Digital Finance News - FintechNewsCH
Der Online-Vergleichsdienst moneyland.ch hat die Kosten von digitalen Vorsorgelösungen der Säule 3a untersucht. Das Ergebnis: Vorsorge-Apps sind meist deutlich günstiger als klassische Vorsorgefonds.
Adoption of Embedded Finance Surges Among Swiss Consumers - Fintech Schweiz Digital Finance News - FintechNewsCH
In Switzerland, the adoption of embedded finance is growing rapidly, with 76.3% of consumers having used banking services integrated into non-financial apps and platforms, according to a study by tech consultancy Synpulse8. This data, collected from a survey and interviews with 1,026 consumers and more than 70 industry stakeholders between October 30, 2023, and April 27, 2024, reflects high adoption across major consumer groups.
LSEG Risk Intelligence Unveils Two New Verification Solutions - Fintech Schweiz Digital Finance News - FintechNewsCH
LSEG Risk Intelligence, a leader in compliance, risk management and fraud prevention solutions, has announced the launch of two innovative products designed to enhance financial security and drive operational efficiencies on a global scale.
Instant Payments Set to Usher in a New Era in Digital Banking, Creating Both Challenges and Opportunities for Banks - Fintech Schweiz Digital Finance News - FintechNewsCH
Over the next five years, instant payments are set to catalyze a complete transformation of payments and banking, ushering in a truly digital service model. According to a new report by banking tech provider Fidelity National Information Services (FIS), this shift will present significant challenges to banks, requiring them to reinvent their operations and update their systems to manage soaring transaction volumes. However, it will also open the doors to new opportunities through innovation and product development.
Web3 Hacks Drop to Three-Year Low, Though Major Threats Persist - Fintech Schweiz Digital Finance News - FintechNewsCH
Hacks targeting the Web3 sector have decreased significantly over the past years, reaching their lowest level in three years. According to a new report by Hacken, a blockchain security auditor, in collaboration with crypto compliance security and monitoring platform Extractor, only 28 incidents targeting Web3 projects were recorded in Q3 2023, marking a notably decline from 41 the prior quarter. The total value of stolen assets has also been falling steadily, declining 10% quarter-over-quarter (QoQ) to US$464 million in Q3 2024.
The EBA Clarifies the Classification of Asset Referenced Tokens and e-Money Tokens - Fintech Schweiz Digital Finance News - FintechNewsCH
The European Banking Authority (EBA) published today a Decision setting out the procedural aspects related to the significance assessment of asset-referenced tokens (ARTs) and e-money tokens (EMTs) and the transfer of supervisory responsibilities, including the establishment of supervisory colleges for significant ARTs (s-ARTs) and significant EMTs (s-EMTs).
Mietkautionen entfallen durch Axa-Kollektivvertrag - Fintech Schweiz Digital Finance News - FintechNewsCH
Projekt Interim, ein führender Anbieter von Zwischennutzungen in der Schweiz, freut sich, eine Kooperation mit der AXA Schweiz bekannt zu geben. Dank der Zusammenarbeit müssen Zwischennutzerinnen und Zwischennutzer ab sofort keine Mietkautionen mehr hinterlegen.
AI Takes Center Stage in Banks’ Digital Transformation Strategy - Fintech Schweiz Digital Finance News - FintechNewsCH
Artificial intelligence (AI) is taking center stage in banks’ digital transformation plans as financial institutions seek to improve customer experiences and operational efficiencies. According to a new study conducted by Publicis Sapient, a leading American digital consulting company, banks are spending 29% of their investments in customer experience digital transformation on machine learning (ML), AI and generative AI (genAI). Banks are also placing AI as their biggest focus for digital transformation over the next three years.
Swissquote Introduces Fractional Trading and a New Investment Saving Plan - Fintech Schweiz Digital Finance News - FintechNewsCH
Swissquote is excited to announce the launch of its new fractional trading feature, along with a new "Saving Plan" order type. These innovations are designed to meet the growing demand for flexible and affordable investment options, enabling investors to build a diversified portfolio over time, regardless of their budget.
Swiss Banks Embrace Blockchain, Prioritizing Cryptocurrencies, HSG Study Finds - Fintech Schweiz Digital Finance News - FintechNewsCH
In Switzerland, financial institutions are increasingly recognizing the long-term potential of blockchain and integrating the technology into their growth strategies. According to a new study by the University of St. Gallen, in collaboration with vision& and mintminds, more than 80% of Swiss banks are either planning to develop and actively expanding their blockchain offerings, with a particular focus on cryptocurrencies.
Swiss Retail Banks Unfazed by Fintech, Bigtech Competition, New Study Finds - Fintech Schweiz Digital Finance News - FintechNewsCH
Swiss retail banks expect technology to increase competition but not as dramatically as anticipated. A new study by auditing and consulting firm EY, in collaboration with the University of St. Gallen, reveals that while incumbents are aware that bigtechs, neobanks and fintech companies are driving innovation, they remain confident their ability to maintain strong customer relationships and deliver high-quality advice will help them retain a competitive edge.
Relio bietet neu internationale Transaktionen, Fremdwährungen und Multi-Währungs-Konten - Fintech Schweiz Digital Finance News - FintechNewsCH
Das Schweizer Fintech Relio, das als Anbieter von Geschäftskonten mit Schweizer IBAN bekannt ist, lanciert internationale Transaktionen, Fremdwährungen (FX) und Multi-Währungs-Konten.
radicant und Numarics wollen fusionieren - Fintech Schweiz Digital Finance News - FintechNewsCH
Die radicant bank ag und die Numarics AG streben den Zusammenschluss an und haben entsprechende Verträge unterzeichnet. Vorbehaltlich der Zustimmung der zuständigen Behörden wird durch diesen Zusammenschluss ein umfassendes Angebot geschaffen, welches die nahtlose Integration von Finanz-dienstleistungen und digitalen Lösungen in den Alltag von Privatpersonen und KMU ermöglicht.
Open Banking kombiniert mit KI – ein Game-Changer? - Fintech Schweiz Digital Finance News - FintechNewsCH
Die Schweizer Banken arbeiten an Open Banking. Der Bundesrat sieht sogar Fortschritte bei Umsetzung. Doch die Menschen in der Schweiz spüren davon noch nichts. Das hat damit zu tun, dass «die Ziele […] noch nicht vollständig erreicht sind», so der Bundesrat. Schade eigentlich, denn die Möglichkeiten von Open Banking könnten für Bankkunden einen echten Mehrwert bieten – vor allem, wenn sie mit den Möglichkeiten von KI kombiniert werden.
AI-Driven Fraud Soars Across Europe Financial Sector, Driven by Deepfakes and Identity Theft - Fintech Schweiz Digital Finance News - FintechNewsCH
Fraud is surging in Europe’s financial services sector, with both the scale and sophistication of attacks growing on the back of advancements in artificial intelligence (AI). A survey by Signicat, involving 1,206 fraud decision-makers at financial institutions across seven European countries, reveals that 76% of respondents believe fraud is now a bigger threat than three years ago, and 66% specifically view AI-driven identity fraud as a greater concern.
Leadership Transition in TP24 - Fintech Schweiz Digital Finance News - FintechNewsCH
TP24 announces a significant leadership transition as Founder and Group CEO Ben James transitions to become Executive Chairman. In this new role, Ben James will concentrate on strategic planning and fundraising initiatives, ensuring the company’s continued growth and enabling long-term success. Senior Executives Adam Lane and David Miller will step up as Co-CEOs, leveraging their combined expertise to continue to drive the company’s vision of doing business finance differently.
Apple Shifts Payment Strategy to Ecosystem Expansion - Fintech Schweiz Digital Finance News - FintechNewsCH
Apple is changing its payments strategy, stepping away from managing balance sheet-based financial products and focusing more on strengthening its iOS ecosystem and proprietary products. These changes will transform the competitive landscape, benefiting third-party wallets, BNPL providers and merchants, a new report by the Boston Consulting Group (BCG) says.
European Fintech Funding Continues Downtrend; Digital Banks Emerge as Sector’s Bright Spot - Fintech Schweiz Digital Finance News - FintechNewsCH
2024 continues to be a challenging year for European fintech companies, with funding levels experiencing a significant decline. In H1 2024, European fintech companies raised EUR 2.9 billion (US$3.2 billion), representing a 24% decline from EUR 3.8 billion (US$4.2 billion) in the same period the prior year, according to a new report by Finch Capital, a Dutch growth capital firm. The number of deals also fell, declining by 19% to 443 rounds.