News published by other companies, often with added comments by us.

FinTech landscape in Switzerland: Blockchain and DLT

With a share of 10% of all FinTech companies in Europe, Switzerland is one of the leading innovation centers. The focus on distributed ledger technology is striking in Switzerland, especially in Crypto Valley Zug. In the meantime, 250 crypto companies have already settled there or are planning a location. However, Switzerland cannot rest on its laurels: to remain a leading innovation center, it constantly needs new FinTechs with innovative ideas. In order to identify gaps in the existing range of Swiss blockchain FinTechs and thus the innovation potential for further services, I analyze in this article the current service offering of the Swiss blockchain FinTech scene.

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Open Banking Summit 2020 – Opportunities and Implementation Scenarios for Open Banking in Switzerland

Recently, the Swiss Bankers Association published an overview that outlines the status of open banking in Switzerland and formulates requirements for its further development of open banking. These requirements include the clear strategic positioning of Swiss banks and the joint development of standardized APIs for data exchange between financial institutions and third-party providers. The aim of this overview is to “support the dialogue in the financial center”, as Richard Hess writes in the initial contribution to the blog parade of the Swiss Bankers Association. The Open Banking Summit of the standardization initiative OpenBankingProject.ch pursued the same goal on September 10th, with various presentations focusing on these two requirements.

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Effects of the Coronavirus Pandemic on the Financial Industry

Since the beginning of 2020, the coronavirus pandemic has caused an enormous slump in the global economy due to lockdowns all over the world. The IMF expects global GDP to decline by 5%, and for the euro zone it is likely to be as much as 10.2% [1] – and these are the figures before a possible second wave. It remains to be seen how the economy will recover. What can already be well assessed, on the other hand, are the qualitative effects of the pandemic on the macro trends relevant to the financial industry.

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[Event] Crypto Meets Banking: How to Blockchain-Enable the Financial Sector?

Crypto Meets Banking: How to Blockchain-Enable the Financial Sector? On January 20, 2020, we will discuss this question at an event hosted by the Frankfurt School Blockchain Center and by BEI St. Gallen. We think it is now clear that blockchain, crypto assets and DLT have made their way, will not fade away and will revolutionize the financial sector. The question therefore is how to blockchain-/crypto-enable existing banks and financial institutions.

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