Digital asset management platform Safe raises $100m
Funds will enable the firm to grow an ecosystem of applications on top of its smart contract account protocol.
Switzerland
New bank alternative, Fluid Finance, launches “revolutionary global super-app”
Fluid Finance offers “the world’s first bank alternative linked to your Web3 wallet”.
Swiss cantonal bank BLKB turns to NetGuardians to fight payment fraud
NetGuardians’ software is now used by more than 40% of all cantonal banks in Switzerland.
Swiss fintech ZoodPay acquires Pakistan’s Tez Financial Services
ZoodPay enters Pakistan as a new player in its growing digital lending and fintech space.
Europe fintech funding round-up: Findity, Recognise Bank, Moneybox, Circit & Klarpay
Our weekly fintech round-up for you to get the latest funding news from around Europe.
Bank of China’s Luxembourg arm picks ERI’s Olympic Banking System
The core banking system will be used to support BOC’s custody and clearing business.
Thoma Bravo reportedly in takeover talks with Temenos
According to Bloomberg, Thoma Bravo has held initial takeover talks with the Swiss banking software provider.
HCL snaps up Swiss wealth management firm Confinale
The deal will see HCL expand its footprint in the global wealth management market.
LexisNexis acquires anti-fraud behavioural biometrics firm BehavioSec
BehavioSec tracks mobile touchscreen signals to continuously authenticate identity and prevent fraud.
NetGuardians tapped by Swiss bank LUKB to boost fraud prevention
LUKB will deploy NetGuardians’ AI-powered software as it looks to shore up its defences against payment fraud.
Mirabaud selects Temenos and Wealth Dynamix for digital transformation
Mirabaud’s planned digital transformation programme will take several years to fully implement.
Swiss challenger Alpian lands banking licence, raises $20m
Alpian plans to launch in Q3 2022. Prior to that, the digital bank will launch its alpha release to employees.
Swiss fintech start-up Yokoy raises $80m in Series B funding round
Yokoy has now raised more than $107 million in total capital to date.
Squirro signs European Central Bank, buys open.exchange, raises $4m
Zurich-based Squirro has raised $4m in equity funding from capital investment firm BuildGroup.
Change at the top for Credit Suisse as Horta-Osório resigns as chairman
Horta-Osório resigns after it was found he broke Swiss and UK Covid-19 isolation rules.
Swiss neobank Entris selects Bottomline for digital-first payments upgrade
Entris is looking to future-proof its operations ahead of the introduction of instant payments in Switzerland.
SIX, BIS and SNB conduct CBDC core banking integration test
Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg and UBS also took part in the experiment.
Swiss digital assets bank SEBA raises $120m in Series C funding round
The round was co-led by a consortium of specialised blockchain and fintech investors.
Swiss digital asset neobank Sygnum raises $90m in Series B round
“The digital asset economy is rapidly crossing the chasm to mainstream adoption,” says CEO.
Credit Suisse poaches Goldman Sachs’ Joanne Hannaford to lead technology & operations
Hannaford spent 25 years at Goldman Sachs in London and New York.
NEAR Foundation hires fintech veteran Marieke Flament as CEO
Flament leaves her role as CEO of digital banking app Mettle by NatWest to join the Swiss foundation.
Wealthtech FNZ acquires client onboarding tech vendor Appway
Hanspeter Wolf, CEO and founder of Appway, will become FNZ’s CTO.
Appway hires Mark Holenstein as new chief operating officer
Onboarding and customer management firm picks up new C-suite hire.
Swiss fintech start-up Yokoy raises $26m in Series A round
The Swiss fintech plans to invest in tech development and global expansion.
Raiffeisen Switzerland selects Backbase to power new digital interface
Swiss collective bank aiming to change the way it engages with users.
Swiss crypto institution SEBA Bank granted collective investment scheme licence
The granting of the CISA licence to a digital asset-focused bank is the first in Switzerland.
SDX receives FINMA approval to launch Swiss digital asset trading platform
The authorisation will enable SDX to go live with a fully regulated offering.
Julius Baer to revamp front-end services with Crealogix’s Digital Hub
Crealogix says its solution can help the bank offer “holistic solutions digitally”.
Sova Capital selects Appway for onboarding and KYC solutions
London-based broker looks to streamline client onboarding while ensuring full compliance.
Data extraction start-up Daloopa lands $20m investment led by Credit Suisse
The firm has now raised around $24 million in total.
Credit Suisse appoints Goldman Sachs veteran as new technology exec
Joanne Hannaford will join as chief technology and operations officer in January 2022.
Deutsche Börse acquires Swiss digital assets firm Crypto Finance
German group paid “a modest three-digit million” sum for the firm.
BBVA Switzerland launches Bitcoin trading service for private banking clients
The banking giant plans to add support for more cryptocurrencies going forward.
PostFinance Switzerland picks FICO’s Falcon for fraud protection
One-third of all Swiss debit card transactions are made using PostFinance cards.
Core banking vendor Temenos integrates with digital asset fintech Taurus
“Digital assets represent new opportunities for banks”.
Facebook shifts crypto project Diem from Switzerland to the US
Diem says the partnership “is an important step in preparation for a Diem USD pilot”.
Swiss challenger CrescoFin gears up for digital banking with Veriff deal
CrescoFin aims to offer a “compelling alternative” to banks.
New Swiss fintech Klarpay targets digital entrepreneurs
The start-up aims to bridge the gap between business banking and e-commerce.
Swiss neobank Alpian lands $18m Series B ahead of 2021 launch
The raise comes less than a year after its Series A.
Penta co-founder gearing up new venture Relio for Swiss SMEs
Relio is currently in the swings of applying for a fintech licence.
