PostFinance Starts with New Crypto Product Offering
FintechNewsCH
by Fintechnews Switzerland
12h ago
PostFinance is launching a crypto service tomorrow. The new offering will enable its customers to purchase or securely store an initial range of 11 cryptocurrencies at the click of a mouse or even set up a crypto saving plan – similar to a funds saving plan. The launch aims to promote user-friendliness, transparency and attractive conditions for all. PostFinance will be the first systemically important bank in Switzerland to bring crypto trading directly to its customers. Easy access and the low entry threshold of 50 US dollars for crypto saving plans and individual orders make this service pa ..read more
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Citi Collaborates to Explore Tokenization of Private Markets
FintechNewsCH
by Fintechnews Switzerland
5d ago
Citi has announced that it has successfully completed a proof of concept on tokenization of private funds along with Wellington Management and WisdomTree. The proof of concept, which was conducted on the Avalanche Spruce institutional test Subnet, found that smart-contract capabilities could deliver new functionality and operational efficiencies, which are currently unavailable with traditional assets. These new functionalities could enable buy- and sell-side institutions to engage with distributed ledger infrastructure in a low-risk, low barrier-to-entry manner that is consistent with regulat ..read more
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New Senior Management Team at Swisscom Ventures
FintechNewsCH
by Fintechnews Switzerland
5d ago
Dominique Mégret, founder and head of Swisscom Ventures, will be moving to Ecorobotix per 1 March, where he will take over as CEO. His role at Swisscom Ventures will be handed over to an established team: Stefan Kuentz, Alexander Schläpfer and Pär Lange will assume the leadership of the company as joint Managing Partners.They have been closely working together in the ventures team for years and have built it up in collaboration with Dominique. They bring with them a range of skills and experience, are extremely well connected and will lead Swisscom Ventures successfully into the future. Domini ..read more
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Apple Claims Expanding Reach in Finance with 12M Credit Card Users and US$10B in Savings Balances
FintechNewsCH
by Fintechnews Switzerland
5d ago
Apple has been steadily expanding its foothold in the financial services industry, with new data released by the company revealing more than 12 million users of its Apple Card credit card product, and US$10 billion in total balances in Apple Savings accounts. In a new blog post published on January 30, 2024, Apple shares growth metrics for its Apple Card product, highlighting the popularity of the credit card among customers. Among the key data, Apple claims that: Apple Card has garnered 12 million users; In 2023, users earned over US$1 billion in Daily Cash from spending on Apple Card; Apple ..read more
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PPRO Appoints new CCO and CMO
FintechNewsCH
by Fintechnews Switzerland
6d ago
PPRO, a leading digital payment platform based in London, has announced the appointment of two senior leader. Eelco Dettingmeijer as Chief Commercial Officer and Mariette Ferreira as Chief Marketing Officer. These strategic hires come at a time when PPRO is gearing up for a new phase of growth. Eelco brings over a decade of experience in payments, and over two decades in international sales roles with an impressive track record of driving commercial success. He spent seven years in commercial leadership roles at global payments processor Worldpay, served on the board of Icepay, and then spent ..read more
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Swiss Tech Funding Falls 35% Driven by ICT, Fintech
FintechNewsCH
by Fintechnews Switzerland
6d ago
In 2023, venture capital (VC) investment to Swiss tech startups fell by 35% year-on-year (YoY), a slump that was more pronounced in segments that are more mature and which require higher levels of capital, including information and communications technology (ICT) and fintech, data from the latest edition of the Swiss Venture Capital Report show. The 2024 Swiss Venture Capital Report, produced by news portal Startupticker.ch, reveals that the investment downturn hit the ICT and the fintech sectors the hardest. In 2023, Swiss fintech companies secured a mere CHF 424.3 million in funding through ..read more
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Forrester Report: Top Digital Wealth Management Platforms
FintechNewsCH
by Fintechnews Switzerland
1w ago
The digital wealth management platform (DWMP) market has witnessed growth and development over the past years, evolving into an established industry comprising global and regional players, advanced solutions tailored to specific market needs, and increased integration of modern technologies to keep up with the pace of digital change. To help wealth management business and technology executives make sense of this vast and diverse market, American research and advisory company Forrester Research has released a guide offering an overview of the DWMP market, outlining these platforms’ key function ..read more
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Switzerland and Qatar Continue Collaboration Discussion About Digital and Sustainable Finance
FintechNewsCH
by Fintechnews Switzerland
1w ago
The second session of the Joint Economic and Financial Committee between the Ministry of Finance of the State of Qatar and the Swiss Federal Finance Department was held recently in Doha. Ali bin Ahmed Al Kuwari HE Minister of Finance Ali bin Ahmed Al Kuwari chaired the Qatari side while the Swiss side was chaired by HE Federal Councillor and Head of the Federal Department of Economic Affairs, Education and Research (EAER) of Switzerland Guy Parmelin. A lineup of senior officials from government and private agencies in both countries attended the meeting. The committee discussed a set of prop ..read more
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Despite Investment Decline, Growth and Innovation in Digital Banking Carried on in 2023
FintechNewsCH
by Fintechnews Switzerland
1w ago
Despite plunging investments, the digital banking sector witnessed increased innovation and dynamism in 2023. New neobanks were launched to address specific needs, banking incumbents introduced digital banking arms to keep up with the changing competitive landscape, and market leaders expanded their global foothold in emerging markets, a new analysis by French fintech-focused research C-Innovation reveals. The report, released in January 19, 2024, explores the global neobanking scene, delving into the sector’s key players and their growth strategies, investigating the main trends observed in 2 ..read more
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Instant Payments: Ensuring Euro Money Transfers Arrive Within 10 Seconds
FintechNewsCH
by Company Announcement
1w ago
On Wednesday, MEPs adopted new rules to ensure transferred funds arrive immediately into the bank accounts of retail customers and businesses across the EU. The new regulation aims to make sure that retail clients and businesses, especially SMEs, will not have to wait for their money, as well as to enhance the safety of transfers. Banks and other payment service providers (PSPs) will have to ensure credit transfers are affordable and immediately processed. The text, already agreed with EU member states, updates the current Single Euro Payments Area (SEPA) rules. Instant cred ..read more
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