Ewald Nowotny is open to new technologies in the financial sector, but warns for strong regulation. “New technologies can support but not replace financial institutions, and it is important to remember that financial institutions guarantee stability,” said the head of the National Bank on Monday at the opening of an…
Comments closedTag: Fintech
The Zurich startup, which helps municipalities and institutional investors to capital, has now itself capital received: In a round of financing Loanboox has collected CHF 22 million risk capital. The investors include Deutsche Kreditbank and the Liechtenstein LGT Group. Investors seem confident in the business model of simply brokering financing…
Comments closed
The Fintech universe is expanding all around the world. During the year 2018, there was an increase in this niche of companies and it is very likely that this trend will continue. Last year was very prolific for some companies like Ant Financial that had an investment of $ 14…
Comments closed
Adyen NV is a fintech that saves millions of dollars to merchants by streamlining card payment transactions. The financial technology firm, which is located thousands of kilometers from Silicon Valley, is making its founders gain much more. The chief executive, Pieter van der Does, the technology director, Arnout Schuijff, and…
Comments closed
The new regulations around Open Banking and, in particular, the PSD2 in Europe, are promoting a transition towards the data economy, an evolution towards the valuable information that is the basis of the digital economy, according to a new report. of Minsait on the evolution of means of payment. The…
Comments closed
Never before have so-called startups – young start-ups – received as much venture capital as last year. The ITC sector collected the most funds. Specifically, 1.24 billion francs flowed into venture capital in young Swiss companies last year. This corresponds to a handsome increase of almost 32 percent compared to…
Comments closed
SWIFT announced that it would carry out a Proof-of-Concept (PoC) to integrate its gpi payment standard with Corda, the blockchain platform of R3. The announcement was made at the FinTech Forum in Paris this morning by Gottfired Leibbrandt, CEO of the company. In a subsequent announcement, SWIFT explained that this…
Comments closed
As announced in November 2018, the German FinTech Deposit Solutions has launched the Savedo platform in Switzerland. After the last round of financing in the summer of 2018, the FinTech and the open-banking specialist Deposit Solutions shines with the proud valuation of about half a billion US dollars. The confidence…
Comments closed
How fintechs can improve women’s lives IMF head Christine Lagarde discusses the future of fintechs at the industry meeting of financial technology – and emphasizes the importance of regulation. Every year, the world of the future gathers in the 200-year-old Paris stock exchange ‘Palais Brongniart’. With 220 participating company directors,…
Comments closed
In the industry, foreign currency transfers are part of daily business. So far, the high fees and exchange rate surcharges of the banks are hardly questioned. But now there are cost-effective and secure alternatives: Fintechs offer better conditions, transparent exchange rates and are – as BaFin-regulated – as safe as…
Comments closed