Contovista brightens up data for Swiss start-up Neon
Neon will use Contovista technology for its payment data analysis needs.
Switzerland
Switzerland relaxes AML rules for small fintech firms
For companies with gross revenues of less than CHF 1.5m ($1.53m).
Sentifi savours success at Swisscom start-up challenge
Swiss firm bested more than 230 rivals to win the challenge.
IBIS3G core banking system lives on
Berner Kantonalbank will develop it to IBIS4D.
Swiss stock exchange to build digital asset trading service
SIX Digital Exchange will offer trading, settlement and custody infrastructure.
Trade.io launches crypto-to-crypto exchange
Lugano-based exchange backed by a $50 million liquidity pool.
Luxoft smashes it with Smashing Ideas acquisition
Smashing, lovely, super. Purchase bolsters digital research, strategy and design.
From hype to reality: Switzerland has progressed into a major global fintech hub
Study finds Switzerland has “ideal conditions” for the fintech sector to flourish.
IBM to revamp Avaloq’s IT model in cloud capabilities transformation
IBM and Avaloq tackle cloud infrastructure in the Swiss market.
Survey on payment methods 2017 – Swiss National Bank
Survey on payment behaviour and the use of cash in Switzerland.
Avaloq takes 10% stake in blockchain firm Metaco
Core banking software vendor Avaloq muscles into blockchain space.
Intesa Sanpaolo Private Bank swaps ERI’s Olympic for Avaloq’s core banking tech
The new system installed on a Business-Process-as-a-Service (BPaaS) basis.
Edmond de Rothschild moves core mainframe system to LzLabs
Hops over to LzLabs’ Linux-based alternative, running on x86 servers.
Finastra acquires Olfa Soft for treasury revelry
Gets its hands on an eFX trading solution which covers post-trade and payments.
PostFinance in core banking tech upgrade
Swiss Post’s financial services arm will be updating its core banking software over the Easter weekend.
EFG and BSI unite on Temenos T24 core banking system
The BSI business was moved from Avaloq Banking Suite onto Temenos’ T24.
Fintech: the hottest industry in Switzerland
Marc Bernegger, Swiss entrepreneur, talks about fintech and the changes it is bringing to the finance industry.
Hypothekarbank Lenzburg unveils virtual ATMs
Swiss bank’s customers can withdraw cash from virtual ATMs with their smartphone.
Scalable Capital launches in Switzerland
Gruetzi mitenand! The UK-based robo advisor is in an Alpine arrival.
PostFinance has crack at Swiss jackpot with new chatbot
Sprechen Sie Deutsch? Switzerland’s PostFinance has unveiled a German language virtual assistant on its website – generating automatic replies to customers’ most frequently asked questions. PostFinance, keen to tap into the fintech zeitgeist for artificial intelligence (AI), says it’s the “first Swiss financial institution” to launch such a chatbot. It was developed by the IT […]
PoC-ketful of fintech pinnacles for Kickstart Accelerator
Fintech is running like clockwork in Switzerland as over 30 proof of concepts (PoCs) and partnerships have been secured at Zurich-based Kickstart Accelerator’s tech programme. The accelerator – an initiative of digitalswitzerland and operated by Impact Hub Zurich – saw 29 start-ups as well as an intrapreneur team from AXA Winterthur and Swisscom working in […]
Raiffeisen Switzerland sheds its stake in core banking tech vendor Avaloq
Raiffeisen, the third largest banking group in Switzerland, is selling its 10% stake in core banking tech vendor Avaloq to private equity firm Warburg Pincus.
Edmond de Rothschild live with new core banking system, Avaloq Banking Suite
Banque Privée Edmond de Rothschild (EDR) has gone live with a new core banking platform for its Swiss operations, Avaloq Banking Suite, supplied by Avaloq.
Falcon plans to feather more nests with new digital platform
Zurich-based Falcon Private Bank has unveiled a new digital platform, Falcon Pulse, as it looks to boost its ambitions in wealth management. Main features will include an algo trader that daily rebalances a portfolio’s asset allocation to “optimise” performance as well as an idea generating tool that will screen market information to offer the “best […]
Luxoft Financial Services acquires Unafortis for new global Avaloq practice
Luxoft Financial Services is moving into the Avaloq implementation and consulting business with the acquisition of Unafortis, a Swiss wealth management consultancy firm.
ERI and Swisscom team for hosted core banking tech and ops
Switzerland-based core banking software provider ERI has joined forces with another domestic IT firm Swisscom to offer private-banking and wealth management outsourcing services to banks and financial institutions operating in the Swiss financial centres.
The end of IBIS3G core banking system?
Berner Kantonalbank (Banque Cantonale de Berne or BEKB/BCBE), one of the last users of the IBIS3G core banking system, is pondering the system’s future as the contract with system provider is terminated.
Falcon Private Bank flies into blockchain asset management nest
Falcon is the “first” Swiss private bank to provide blockchain asset management solutions for its clients through a new co-operation with crypto financial broker Bitcoin Suisse. The bank’s clients can exchange and hold Bitcoins via Falcon using their cash holdings. Additionally, a Bitcoin ATM has been installed in the lobby of the bank’s headquarters in […]
Vontobel pioneers SIX Securities Services’ Advanced Settlement solution
Swiss wealth manager Vontobel has become the first taker of SIX Securities Services’ Advanced Settlement offering.
Vontobel in digital banking transformation with Appian
Appian, a US-based provider of low-code application platform, says it has been enlisted by Vontobel Bank “to execute its digital transformation strategy across all business divisions”.
Concardis brings Alipay to Austria and Switzerland
German payment service provider Concardis is bringing Chinese mobile payment solution Alipay to Austria and Switzerland. Clothing brand Gössl will be the first merchant in Austria to let Chinese citizens pay via smartphone and the Alipay app. The roll-out in the Swiss market is planned for October this year. In Germany, Concardis says it has […]
Double Swiss bliss for Finnova banking software
Switzerland-based Finnova’s service partner InCore Bank has migrated private banks Arner Bank and Bank von Roll to its private banking hub. The hub now has 16 financial institutions, making it Switzerland’s “largest multi-tenant tower” based on Finnova Banking Software. InCore is a transaction bank which operates within the Swiss and Liechtenstein markets, and offers business […]
SIX and Credit Suisse play same game with ATM software launch
SIX and Credit Suisse have unveiled ATMfutura – a cash dispenser which displays the same user interface and guidance on all ATMs in Switzerland. SIX and its partners were commissioned by Swiss banks to develop the centralised multivendor software and it is planned to function on all bank ATMs in the alpine nation from 2018. […]
Switzerland’s Hypothekarbank Lenzburg goes open banking
Switzerland’s Hypothekarbank Lenzburg is opening up its Finstar core banking system to fintech firms with the use of APIs. The bank has signed an agreement with German software firm NDGIT, which supplies the APIs, and the implementation at Hypothekarbank Lenzburg will be completed by the end of May. Once implemented, its data and services will […]
Schweizerische Mobiliar Asset Management moves to Profidata Xentis
Bern-based Schweizerische Mobiliar Asset Management has implemented Profidata’s Xentis investment management system for its insurance, pensions and fund management businesses. Profidata, which is also based in Switzerland, says it was a “challenging project” to roll out the system within a time frame of 17 months. Xentis replaces various legacy applications, “makes several interfaces redundant and […]
FIS sheds Ambit Private Banking core software business
FIS has sold its Swiss core banking software business, Ambit Private Banking, which it inherited with the acquisition of Sungard, to New Access Banking Software.
SIX teams with DTCC to issue legal entity identifiers in Switzerland
SIX Securities Services, which runs the central securities depository (CSD) for Switzerland, is partnering with the Depository Trust & Clearing Corporation (DTCC) to offer legal entity identifiers (LEIs) for Swiss entities. According to SIX, LEIs were devised to provide insight into corporate entities with the aim of reducing cross-platform risk exposure. By providing LEIs together, […]
Axion Swiss Bank live with Avaloq Banking Suite
Axion Swiss Bank has fully replaced its legacy tech – ERI’s Olympic core banking system – with Avaloq Banking Suite.
SIX picks IBM Watson for cybercrime fight
SIX Securities Services, Switzerland’s post-trade market infrastructure, will use IBM Watson for its new cognitive security operations centre (SOC). The new facility will be housed at SIX’s offices in Switzerland to provide localised cybersecurity services “tailored to the needs of the region”. Robert Bornträger, division CEO SIX global IT, says IBM is a “logical partner” […]
SIX Securities Services unveils blockchain based bond issuing solution
SIX Securities Services, Switzerland’s post-trade market infrastructure says it has developed – “and intends to deploy” – a new bond issuing solution based on the distributed ledger technology (DLT).
