Tagged: switzerland

Switzerland’s SIX to Link Connexor to D7, Deutsche Börse’s Digital Post-Trade Platform

SIX is partnering with Clearstream in order for the Connexor service of SIX to become a D7 Digital Market Partner to process and distribute reference data of financial instruments. D7 is Deutsche Börse’s digital post-trade platform for digitizing financial instruments, which allows for the issuance… Read More

Vencora UK Announces Acquisition of CREALOGIX Holding AG

Vencora UK Ltd announced the settlement of its public tender offer for all publicly held registered shares of CREALOGIX Holding AG with “a nominal value of CHF 8.00 each. The Offer was completed successfully on February 21, 2024.” The acquisition of CREALOGIX “is expected to… Read More

Swiss Fintech Klarpay Launches Entrepreneur Accounts

Klarpay, a Swiss financial institution, has launched a new service called Entrepreneur Accounts, a tailored financial solution designed exclusively for Business Founders, UBOs, and Senior Management members who already hold accounts with Klarpay. Recognizing the intrinsic link between entrepreneurs and their businesses, Klarpay is committed… Read More

Lithuania’s Šiaulių Bankas Selects Temenos to Enhance Core Banking Platform

Temenos (SIX: TEMN) announced that Šiaulių Bankas, which claims to be the largest independently-owned bank in Lithuania with over €4 billion in assets, has selected Temenos to modernize its core banking platform. Šiaulių Bankas will migrate its retail and corporate banking “including trade finance to… Read More

SIX Introduces SME Sustainability Assessment Solution Enabled by Greenomy

SIX is driving forward the increased inclusion of SMEs in financial markets. With their partnership, SIX and Greenomy are recognizing the pivotal role that SMEs can play in the transition to a sustainable and low-carbon economy. SIX’ new SME Sustainability Assessment Solution draws “on Greenomy’s… Read More

Switzerland’s Consumers Still Prefer Cash Payments But Fintech Payment Apps Are Becoming Popular – Survey

In the Spring of 2023, the Swiss National Bank conducted its second payment methods survey of companies in Switzerland. Around 1,750 companies, across all sizes, language regions and industries, participated in this survey on payment method topics. In-depth knowledge of these topics helps the SNB… Read More

Switzerland’s Luzerner Kantonalbank Introduces FM Converge, the Risk Platform for Financial Institutions.

Luzerner Kantonalbank AG (LUKB), Switzerland’s 3rd largest cantonal bank, has rolled out FM Converge, the markets and risk platform for banks and financial institutions. FM Converge comes from Finmechanics Pte. Ltd., the Singapore headquartered fast growing software company. FM Converge is described as “a high… Read More

Temenos to Pursue an Independent Review of Hindenburg Allegations

Temenos AG (SWX:TEMN) says it will pursue an independent examination of the claims of financial irregularities raised by Hindenburg Research in a report shared this past week. Bloomberg reported that the review is expected to take less than 5 months. Temenos did not share who… Read More

Digital Assets: PostFinance Is Introducing Crypto Services for Switzerland

PostFinance is launching a new crypto service for Switzerland. PostFinance is a financial service firm that serves over 2.5 million customers in Switzerland. It aims to assist smaller firms in their transition to digital finance including banking, payments, money management and more. PostFinance claims that… Read More

Temenos Hit by Short Seller Statement, Banking Software Provider Says Short Seller is Wrong

Hindenburg Research, a short seller that pumps its own book after it sells shares, is targeting Banking as a Service (BaaS) provider Temenos (SWX:TEMN). In a report published today, Hindenburg claims that Temenos is manipulating its earnings, hiding accounting irregularities while engaging in “sham partnerships”… Read More

Hashgraph Association Partners with Saudi Ministry of Investment

The Hashgraph Association (THA) has announced a partnership with the Ministry Of Investment Of Saudi Arabia (MISA) to launch a DeepTech Venture Studio. The entity aims to help local Saudi firms, as well as other portfolio companies, establish operations in the country while leveraging technology… Read More

Digital Assets: SIX Reference Rate, Real-Time Crypto Indices to Cover Bitcoin and Ethereum Markets

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

The new SIX Reference Rate Crypto Indices and SIX Real-Time Crypto Indices cover the major crypto assets Bitcoin (BTC) and Ethereum (ETH), giving a comprehensive snapshot of the market and its performance. Built on a transparent rules-based methodology, the indices aim to “foster clarity and… Read More

Digital Asset Banking Group Sygnum Announces $40M Funding Round, Valuation at $900 Million

Global digital asset banking group Sygnum announced that it has raised more than USD 40 million against an initial ~USD 35 million target in an interim close of its latest funding round, which is named the Strategic Growth Round. As of the completion of this… Read More

The Swiss Financial Market Supervisory Authority (FINMA) Selects Former ECB Exec as New CEO

The Swiss Financial Market Supervisory Authority (FINMA) has appointed  Stefan Walter as its new Chief Executive Officer.  Walter will step into the role on April 1, 2024 with Birgit Rutishauser acting as interim CEO. Urban Angehrn resigned from the leadership position at FINMA at the… Read More

Swiss Fintech Klarpay Comments on Significant Milestones, Introduces Innovative Features During Q4 2023

Swiss Fintech Klarpay recently commented on key platform developments during Q4 2023. The Switzerland-based Fintech firm said that during the final quarter of 2023, Klarpay has marked significant milestones, “introducing innovative features and participating in exciting industry events.” According to financial tech firm, the financial… Read More

European Payments Fintech Rivero Raises $7 Million Series A

Switzerland-based payments Fintech Rivero has raised a $7 million series A funding round, according to the company. The funding was led by 6 Degrees Capital and Inference Partners, with participation from PostFinance, Kraken Ventures, Seed X Liechtenstein, and former COO of Adyen, Robert Kraal, and… Read More

Digital Assets: WISe.ART, a Part of WISeKey International Holding, Announces Investment to Support Hedera Network Adoption

WISeKey International Holding Ltd. (NASDAQ: WKEY), a global firm focused on cybersecurity, digital identity, and Internet of Things (IoT) solutions operating as a holding company, through its subsidiary WISe.ART, a key player in the field of digital art and luxury collectibles, is pleased to announce… Read More

UK Chancellor Jeremy Hunt Signs Berne Financial Services Agreement with Swiss Counterpart Karin Keller-Sutter

Chancellor Jeremy Hunt has (21 December) signed the Berne Financial Services Agreement, a pact on financial services cooperation, with his Swiss counterpart Karin Keller-Sutter. The agreement sets sectors where the UK and Switzerland will “mutually recognize each other’s domestic laws and regulations on financial services,… Read More

Bitcoin Suisse Introduces API Platform for Trading and Staking Intended for Institutional Clients

Bitcoin Suisse, which claims to be the “trusted” Swiss crypto investment partner, today announced the release of a suite of robust Application Programming Interfaces (APIs). These APIs provide access “to trading and staking services, enabling institutional clients to use and create customized crypto offerings, simplify… Read More

Fintech Firm Tuum Appoints Foke Burmeister to Key Role for DACH and Central and Eastern Europe Regions

Tuum is pleased to announce that Foke Burmeister has joined as the new Sales Director for the DACH (Germany, Austria, and Switzerland) and CEE (Central and Eastern Europe) regions. With an extensive track record in core banking and payments at EY and Accenture, Foke is… Read More

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