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Switzerland
The latest fintech news, resources and expert analysis in Switzerland by the leading intelligence provider for the worldwide fintech community.
Agentic AI start-up Unique raises $30m Series A, appoints new CPO
The four-year-old start-up claims to have now raised approximately $53 million.
Shift4 signs $2.5bn deal to acquire Swiss paytech Global Blue
The deal is expected to close by Q3 2025 and will see Global Blue delist from NYSE.
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UK private equity firm Montagu buys Temenos’ fund accounting software business Multifonds for around $400m
Montagu says Multifonds “will operate as a new standalone company, led by its existing management team”.
Lombard Odier taps MongoDB for GenAI-driven tech upgrade
The pair have co-created a “Modernisation Factory” to accelerate the bank’s digital transformation.
Aldermore Bank taps Temenos to upgrade savings operations
Aldermore Bank has adopted Temenos’ Business and Corporate Enterprise Service.
Temenos names former JP Morgan MD Sairam Rangachari as new chief product officer
Rangachari also previously served as CPO of banking and payments at FIS.
Germany’s Metzler partners Unique to streamline operational workflows with AI
Germany’s second oldest bank is leveraging the partnership to deploy its MetzlerGPT platform.
Romania’s CEC Bank set for retail and corporate banking tech overhaul with Temenos
The state-owned bank will also utilise Temenos Payments for domestic and cross-border payments.
Sygnum achieves unicorn status with $58m growth round
Sygnum claims to have achieved operational profitability in FY 2024.
Fintech start-up nsave bags $18m Series A funding, launches new investment offering
Nsave’s new investment product will give customers access to ETFs and US equities.
AHAM Capital taps Temenos for Multifonds Global Accounting solution
AHAM Capital will utilise Temenos’ tech to modernise its fund accounting platform.
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Habib Bank AG Zurich selects nCino platform to power UK buy-to-let lending business
HBZ UK will deploy nCino’s Cloud Banking platform as part of the partnership.
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Reem Finance taps Temenos to power new digital community bank
Reem Finance’s new digital community bank will utilise Temenos’ core banking, payments, and data analytics tech.
SIX Group agrees £194m deal to acquire UK’s Aquis Exchange
The deal will see each Aquis shareholder receive 727 pence in cash per share.
UBS pilots new blockchain-based system for cross-border payments
The system settles international transactions using smart contracts on a private blockchain network.
American Express to acquire UBS’s 50% stake in Swisscard, becoming sole owner
Swisscard was founded in 1998 as a joint venture between Amex and Credit Suisse.
Temenos appoints Barb Morgan as new chief product and technology officer
Morgan succeeds Prema Varadhan, who is stepping down after 25 years with the company.
BIS’ Project Agorá to commence design phase with private sector participants confirmed
The project’s participants include Standard Chartered, Lloyds, Mastercard, Euroclear and BNP Paribas.
Switzerland’s Zürcher Kantonalbank deploys new digital asset platform with Avaloq and Fireblocks
ZKB clients will now be able to trade, manage and store both traditional and digital assets.
Swiss fintech Yapeal unveils new CEO alongside fresh capital boost
Eidel succeeds Yapeal co-founder Thomas Hilgendorff, who is now transitioning to CCO.
MidWestOne Bank taps Temenos for digital onboarding solution
The Temenos Digital Onboarding solution has been deployed by the bank as SaaS on AWS.
Swiss National Bank announces launch of instant payments in Switzerland
The SNB claims around 60 Swiss FIs can now process instant payments.
Coop set to discontinue Finance+ project, says “demand did not meet expectations”
Coop cites increased competition in the financial sector as one of the reasons behind the decision.
UBP snaps up Société Générale’s UK and Swiss private banking subsidiaries in €900m deal
UBP claims the deal will boost its AUM by €26 billion to €186 billion.
Kuwait’s Boubyan Bank taps Temenos to modernise its core banking systems
The bank is migrating to Temenos’ core banking platform for corporate banking, retail, and wealth management.
Credicorp Capital in Peru goes live with Temenos’ Multifonds
The investment firm has deployed the SaaS solution across 71 funds.
Swiss wealth manager Julius Baer names Goldman Sachs exec Stefan Bollinger as new CEO
Bollinger succeeds interim CEO Nic Dreckmann, who has held the position since February this year.
Azqore selects Volante Technologies’ PaaS tech for SEPA instant payments
Azqore previously selected Volante to accelerate its ISO 20022 adoption programme in 2022.
CTBC Bank goes live with Avaloq core in Hong Kong and Singapore after three-year implementation
The bank first selected Avaloq to power its private banking businesses in Singapore and Hong Kong in 2021.
Canada’s Haventree Bank partners Temenos for new core banking platform
Haventree serves the Canadian alternative mortgage sector through the broker network.
FINMA takes action against HSBC Private Bank Switzerland over “serious breach” in PEP due diligence
HSBC says it plans to appeal FINMA’s ruling.
FINMA pulls the plug on FlowBank as bankruptcy proceedings commence
The Swiss regulator has found the challenger bank to be in a “serious breach of supervisory law”.
BIS and Bank of England team up to evaluate synchronised settlement in FX transactions
The initiative is scheduled to commence towards the end of 2024.
BIS and MAS partner to develop blueprint for climate risk framework
The pair have named the initiative Project Viridis.
Eurobank Cyprus overhauls legacy systems with Temenos solutions
The bank says it replaced 85% of its systems with Temenos products.
Malta’s Finance Incorporated Limited taps Temenos for retail core banking solution
FIL aims to achieve fivefold growth over the next five years through its collaboration with Temenos.
