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  • @fintechna 3:35 pm on October 9, 2016 Permalink | Reply
    Tags: 8216, , , , CommissionFree, , Freetrade, , ,   

    Freetrade to Launch Commission-Free Trading Platform in The UK 

    UK-based will be launching a new commission-free for stocks and shares. The company will be joining iDealing, another UK brokerage, that has opted for a zero commission model for stock trading.

    Freetrade to Launch Commission-Free Trading Platform in The UK fintechFreetrade&;s mobile-first investment platform seeks to democratize investing and targets demographics that have been priced out of investing on the stock exchange notably due to costly broker fees. These include Millennials, which currently counts some 14.8 million individuals in the UK alone.

    Freetrade&;s mobile app was designed to make stock market investing more accessible for UK investors, the company says. It offers a user-friendly interface that makes it easy to search for companies that are trading on an exchange. The platform has no restriction around portfolio sizes and operates on a zero-commission model &;so low value traders are not excluded.&;

    Additionally, the company will introduce fractional share dealing to the UK market, an option available in the US through the likes of DriveWealth and Stash Invest that has yet to be brought in the UK.

    A fractional share is a share of an equity that is less than one full share. They are considered as an efficient way for investors to diversify every penny in their investment portfolio.

    Freetrade to Launch Commission-Free Trading Platform in The UK fintechFurthermore, the Freetrade app will offer access to a network of independent financial advisors (IFAs) using a model similar to &8220;Uber and Airbnb.&8221; Independent advisors will be able to provide advice directly through the app, providing thus people new to trading with access to the same professional advice as more seasoned investors.

    &8220;We came across the model they have in the US, and not being satisfied with simply bringing the same concept to the UK, we looked at how we could raise the bar,&8221; said Adam Dodds, co-founder of Freetrade.

    &8220;Professional advice is an intrinsic part of making a good investment decision, and no one, as far as we can see, is offering low-cost, flexible access to IFAs and other advisers,&8221; he said.

    &8220;We are creating a world-first – an Uber or Airbnb model for IFAs, alongside a zero commission trading model. With all these elements combined, we’re unlocking the stock market for millions of people, and creating an investment platform that will massively disrupt a huge market.&8221;

    Freetrade is in the process of applying to the UK&8217;s Financial Conduct Authority (FCA) to become an execution-only broker. The company plans to start officially trading by early 2017.

    Earlier this month, Freetrade announced that it has been selected to join Octopus&8217; program, Octopus Labs. Octopus is a UK fund management business managing over £6 billion worth of assets on behalf of over 50,000 retail and institutional customers.

    The 12-week acceleration program will give Freetrade a workspace in Octopus&8217;s London headquarters as well as top level mentoring from financial industry experts and successful entrepreneurs.

    The success of American companies such as Robinhood and Loyal3 has demonstrated that zero commission trading models can work. Robinhood Markets Inc., the Palo Alto-based company behind the popular commission-free stock trading app, has announced plans for international expansion in 2015. The company said it will start with Australia and China.

    Although Robinhood says it has no plans to start charging commissions to trade stocks, the company launched Robinhood Gold premium features last week, reports Techcrunch.

    For US$ 10 per month, users can skip the three-day waiting period with instant deposits and reinvesting, trade 30 minutes before and 2 hours after the market is open, as well as borrow up to double the money in their account to trade on margin with leverage.

     

    Featured image by ESB Professional via Shutterstock.com.

    The post Freetrade to Launch Commission-Free Trading Platform in The UK appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
  • @fintechna 3:35 pm on September 24, 2016 Permalink | Reply
    Tags: 8216, , , , , , , , , , , ,   

    FinTech DACH News Rückblick der Woche 38 

    Fintech.Li präsentiert hier wöchentlich die wichtigsten rund um in der Schweiz, Liechtenstein, Deutschland und Österreich.

    Fintech DACH Top News

    FinTech DACH News Rückblick der Woche 38 fintechDeutsche Bank boss Cryan tells staff to work like a tehnology company
    Deutsche Bank chief executive John Cryan says staff working for the giant bank have to change their way of thinking as &;we want to see ourselves increasingly as a company&;. Mehr erfahren

     

     


    FinTech DACH News Rückblick der Woche 38 fintech&8220;Hypi&8221; entdeckt die Schwarmfinanzierung

    Die Hypothekarbank Lenzburg lanciert eine Plattform für Online-Privatkredite. Dazu arbeitet das Institut neu mit einem Schweizer Fintech-Unternehmen zusammen. Mehr erfahren

     

     

    FinTech DACH News Rückblick der Woche 38 fintech19 Swiss As Solutions For Fintech Challenges

    Die Schweiz hat mehr und mehr Fintech Startups und Initiativen. Schweizer Banken versuchen aufzuholen oder sich gegen grosse Player zu positionieren (bspw. ApplePay) und haben eine Vielzahl von (Gegen)-Initiativen gestartet. Teils zusammen mit den Fintech Startups oder im Alleingang. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 38 fintech
    Multibanking: Die Finanz­zentrale der Zukunft – Interview mit comdirect-CEO Arno Walter
    Jeder zweite Deutsche verfügt über mindestens zwei Girokonten, jeder Vierte hat seine Gelder sogar auf drei oder mehr Konten liegen. Dazu kommen Kreditkarten, Depots, Baufinanzierungen, Ratenkredite. Mehr erfahren

     

    FinTech DACH News Rückblick der Woche 38 fintechFintech: Startups am Staatstropf
    Laut beklagt die Fintech-Branche das Fehlen staatlicher Anschub-Finanzierung. Umso mehr sorgte die Förderung eines -Projekts für Aufsehen – schüttet der Staat nun sein Füllhorn aus? Mehr erfahren

     

     


    FinTech DACH News Rückblick der Woche 38 fintechEasycredit stellt Ratenkauf für den Onlinehandel vor

    Easycredit steigt ins E-Commerce-Dienstleistungsgeschäft ein und stellt einen benutzer- und verbraucherfreundlichen Ratenkauf für den Onlinehandel vor. Mehr erfahren

     

     

     

    FinTech DACH News Rückblick der Woche 38 fintechDeutsche Bank und Axel Springer investieren gemeinsam in Start-ups
    Die Deutsche Bank und der Axel Springer Verlag fördern künftig gemeinsam junge Technologieunternehmen aus der Banken- und Versicherungsbranche. Das gaben die Unternehmen am Montag bekannt. Mit der Kooperation wollen das Geldhaus und der Verlag über den Start-up-Entwickler Axel Springer Plug and Play schneller Wachstumsfirmen auswählen, entwickeln und finanzieren. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 38 fintechWie die Deutsche Post versucht, die Startup-Konkurrenz kaltzustellen

    Fintechs machen der Post das Geschäft mit digitalen Identifizierungsverfahren streitig. Nach erfolglosen Übernahmeversuchen wehrt sich der Konzern jetzt mit einer fragwürdigen Preispolitik. Mehr erfahren

     

     

     

    FinTech DACH News Rückblick der Woche 38 fintechDer Wandel einer Bank zum Start-Up – Interview mit CreditPlus-Bank-CEO Jan. W. Wagner
    Vor wenigen Tagen überraschte die CreditPlus Bank mit einem vollständig digitalen Konsumentenkredit per Smartphone-App – und der Ankündigung, mit einem kulturellen Wandel den bankinternen digitalen Erfindergeist zu fördern. Eine Start-up-Atmosphäre soll die Bank bekommen. Das wollen wir genauer wissen und sprachen mit Jan. W. Wagner, dem Vorstandsvorsitzender der CreditPlus Bank über den Weg zur digitalen Bank. Mehr erfahren


    FinTech DACH News Rückblick der Woche 38 fintechCrealogix: Umsatzplus dank Digital Banking Hub

    Der Bankensoftware-Hersteller Crealogix hat zwar im Geschäftsjahr 2015/2016 noch Verluste geschrieben. Der Umsatz hat aber deutlich angezogen. Mehr erfahren

     

     

     

    FinTech DACH News Rückblick der Woche 38 fintech
    6 Best Swiss Fintech Startups 2016 in Top 100 Startup List

    Startup.ch puts together a list of Top 100 Best Swiss Startups 2016. Several notable names in the Fintech industry made it into the list. Knip and Bexio even into the Top 3 and 10. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 38 fintech28 Mio. US-Dollar für das Schweizer InsurTech Startup FinanceFox

    Die Resonanz auf Geschäftsmodell und der Geschäftsgang der unabhängigen Service- plattform für Endkunden und Versicherungsvermittler überzeugen die Investoren: Der deutsch-schweizerische InsurTech sichert sich weitere 28 Mio. US-Dollar am Kapital- markt. Das Investment fliesst in die Internationalisierung, das Produkt und das Marketing. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 38 fintechDKB: Eine Bank als FinTech-Hub – Interview mit Bereichsleiter Karsten Traum

    Cringle, Barzahlen.de, FinReach-Kontowechsel, VISA-Wallet, Kooperation mit SOFORT-Überweisung und einiges mehr: Die DKB scheint immer vorne mit dabei zu sein, wenn es um FinTech-Kooperationen geht. Warum macht die Bank das? Wir fragten Karsten Traum, Bereichsleitung Privatkunden der DKB – er ist unter anderem für die Kooperationen mit FinTechs zuständig. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 38 fintechTwint-CEO: «Unser grösster Feind ist das Bargeld»

    Die grossen IT-Anbieter wie Apple oder Samsung bereiten Thierry Kneissler nicht allzuviele Kopfschmerzen. Stattdessen kämpft der Chef der Bezahl-App Twint gegen die Gewohnheiten der Schweizer Bevölkerung an. Mehr erfahren

     

     


    FinTech DACH News Rückblick der Woche 38 fintechDaniel Keller wird Chief Product Officer der solarisBank

    Mit Daniel Keller gewinnt die solarisBank einen erfahrenen Digitalexperten als Chief Product Officer (CPO), um die Skalierung der Banking Plattform und des Produkt Portfolios weiter voranzutreiben. Er wird dabei unter anderem die Entwicklung und Umsetzung einer fokussierten Produkt-Strategie vorantreiben, die Planung und Steuerung der Banking-Baustein-Initiativen vornehmen sowie das Produkt-Team weiter ausbauen. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 38 fintechNeuer GKB Finanzassistent – bequem und sicher die Übersicht behalten

    Die Graubündner Kantonalbank bietet ihren Kunden neu mit dem persönlichen Finanzassistenten einen neuen Online-Dienst an. Dieser analysiert und kategorisiert automatisch alle Transaktionen. Mehr erfahren

     

     

    FinTech DACH News Rückblick der Woche 38 fintechUBS verliert Kickstart-Accelerator-Macher
    Bei der UBS war er für den Aufbau des ersten branchenübergreifenden Startup-Beschleunigers zuständig. Nun wechselt der ehemalige Entrepreneur zur Swisscom, wo er einen bekannten Fintech-Spezialisten der Schweiz ersetzt, wie finews.ch erfahren hat. Mehr erfahren

     

     

    / BLOCKCHAIN News

     

    FinTech DACH News Rückblick der Woche 38 fintech“Blockchain might be like the Internet”
    DZ BANK Vorstand Thomas Ullrich hat in seinem Grußwort über den Status quo beim Thema Blockchain in der DZ BANK Gruppe berichtet, u.a. am Beispiel der Reisebank. Die DZ BANK Tochter hat im Juli innerhalb von acht Sekunden eine transatlantische Zahlung zwischen Calgary in Kanada und Frankfurt-Rödelheim mittels Blockchain-Technologie abgewickelt – ein Vorgang, der bisher vier Tage gedauert hat. Mehr erfahren

     

    FinTech DACH News Rückblick der Woche 38 fintechBREXIT – A Catalyst For Blockchain Technology?
    Brexit — this topic has been in everyones mind for the prior weeks as I traveled across Germany and the US, not only in financial services. Nevertheless, today the first shock in financial services has gone and according to my opinion the Brexit has the potential to become THE game changer for implementing Blockchain Technology — fast track. Not only in financial services. Mehr erfahren

     

     

    FinTech DACH News Rückblick der Woche 38 fintechTraditional investment banking model &;no longer an option,&; states McKinsey & Company ‘blockchain technology could deliver a broad range of benefits’
    Global management consulting firm, McKinsey & Company, recently published a report outlining strategies that could help the capital markets and investment banking (CMIB) industry. “Time for Tough Choices And Bold Actions” defines the industry’s ailments and proposes initiatives that banks could implement, including the adoption of blockchain technology. Mehr erfahren
    FinTech DACH News Rückblick der Woche 38 fintechReisebank mit Ripple: In acht Sekunden über den Atlantik
    Das Fintech-Thema Blockchain wird vielerorts diskutiert und gerne auch in den Innovationshochburgen wie Silicon Valley verortet. Doch erstmals in die Tat umgesetzt wurde es jetzt zwischen Kanada und Deutschland. Genauer gesagt zwischen der ATB Financial in Calgary und der ReiseBank mit der Zentrale in Frankfurt-Rödelheim. Und darauf sind wir mächtig stolz. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 38 fintechThe biggest bitcoin hacks and thefts of all time

    The story of bitcoin’s biggest hacks and thefts is the story of bitcoin itself. From its early days and its first hack, to the biggest theft of all time, bitcoin’s utopian promises often turned into a dystopian reality where scammers, thieves, unaccountable and often amateur exchanges, some, even fully anonymous, proliferated in a wild west of euphoria and hope for a new future combined with devastating, and at times, tragic loss. Mehr erfahren

     

    FinTech DACH News Rückblick der Woche 38 fintechBlockchain: Steht Vitalik Buterin vor seiner schwierigsten Aufgabe?
    Der Gründer der Zuger Blockchain-Schmiede Ethereum plant den nächsten grossen Sprung mit der als bahnbrechend geltenden Technologie. Doch dazu braucht er Hilfe, die schwer zu finden scheint. Mehr erfahren

     

     


    FinTech DACH News Rückblick der Woche 38 fintechSantander Vies to Become First Bank to Issue Cash on Blockchain

    Spanish banking giant Santander is working on a project that explores how it could digitize customer cash using the public ethereum blockchain. Revealed today during a panel talk at Devcon2 by Ether.camp founder and ethereum Java client developer Roman Mandeleil, the news was confirmed by representatives of Santander. In statements, Santander said its goal is to open up its bank-issued funds to a community of innovators as a way of tapping additional efficiencies. Mehr erfahren


    FinTech DACH News Rückblick der Woche 38 fintech

    SIX holt Blockchain-Diva Blythe Masters an Bord

    Die Börsenbetreiberin SIX Group will die Blockchain-Technologie einsetzen – und hat dafür in der amerikanischen Star-Bankerin Blythe Masters die Partnerin gefunden. Mehr erfahren

     

     

    ÜBERSICHTEN / INFOGRAFIKEN / STUDIEN


    FinTech DACH News Rückblick der Woche 38 fintechStudie von Hays und PAC: Digitalisierung – gefragt sind Generalisten statt Nerds

    Stehen wir im Private Banking vor einer Zeitenwende? Zwar werde die persönliche Beratung unverzichtbar bleiben, so Stephan Paxmann (TME Institut) „…. aber sie wird durch digitale Unterstützung bald ein Vielfaches für neue Kundengruppen leisten können.“ FinTechs und Non-Bank-Start-ups liefern dazu zahlreiche innovative Geschäftsideen. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 38 fintechSAP/IDC-Studie: 6 von 10 globalen Banken wollen Partnerschaften mit FinTechs – oder sie übernehmen

    Sechs von zehn globalen Banken stehen einer Partnerschaft mit FinTechs aufgeschlossen gegenüber. Dies ergab eine Umfrage über den digitalen Wandel bei Banken, die von SAP veröffentlicht wurde. Jede dritte der befragten Banken (34 Prozent) würde mit einem FinTech-Unternehmen zusammenarbeiten, während jede vierte (25 Prozent) auch eine Übernahme in Betracht ziehen würde. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 38 fintechCommerzVentures Report: Blockchain Tech, Wearables & AI to Transform Insurance

    CommerzVentures, the fintech venture capital fund of Commerzbank, has released a white paper highlighting the key technologies which it believes will transform the insurance industry. Aimed at providing insights into their potential uses in the insurance sector, CommerzVentures’ ‘Emerging Technologies Transforming the $ 4tn Insurance Industry’ paper explores how the insurance chain value will be transformed by technological innovations. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 38 fintechGFT-Studie: Mobile Payment – Aktuelle Marktanalyse, Aus­wirkungen und Empfehlungen für den Bankensektor

    Mobile-Payment kommt. Als Vorreiter gelten die Region Asien/Pazifik und der afrikanische Raum. Dort besitzt kaum ein Einwohner ein klassisches Bankkonto. In Europa gelten vor allem Großbritannien sowie Spanien und Italien als Treiber, während es in Deutschland noch Optimierungsbedarf im Handel und Vorbehalte bei den Konsumenten gibt. Das aktuelle GFT-Whitepaper „Mobile Payment 2016: Aktuelle Marktanalyse, Auswirkungen und Empfehlungen für den Bankensektor“ nimmt die Entwicklung unter die Lupe und will wichtige Empfehlungen für den Finanzsektor geben. Mehr erfahren

     

    FinTech DACH News Rückblick der Woche 38 fintech

    New Report Highlights Germany’s Fintech Industry’s ‘Impressive Growth’

    The Germany’s burgeoning fintech industry is quickly emerging as a regional leader with a number of startup gaining international recognition and Berlin becoming a “strong contender for London’s fintech crown,” according to a new report by UK payments startup GoCardless Ltd. Mehr erfahren

     

    FinTech DACH News Rückblick der Woche 38 fintech

    Finanz-App „MoBox“ für Jugendliche – comdirect-Studie untersucht das Finanz­wissen junger Menschen

    The Germany’s burgeoning fintech industry is quickly emerging as a regional leader with a number of startup gaining international recognition and Berlin becoming a “strong contender for London’s fintech crown,” according to a new report by UK payments startup GoCardless Ltd. Mehr erfahren

     

    FinTech DACH News Rückblick der Woche 38 fintech

    Fintech: Der Hype weicht der Ernüchterung

    The Germany’s burgeoning fintech industry is quickly emerging as a regional leader with a number of startup gaining international recognition and Berlin becoming a “strong contender for London’s fintech crown,” according to a new report by UK payments startup GoCardless Ltd. Mehr erfahren

     

     

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  • @fintechna 3:36 am on September 24, 2016 Permalink | Reply
    Tags: , 8216, , , , , , , , ,   

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung 

    These following names are experts who are proudly named in the Who is Who and also be a part of Top for featured in the newspaper .

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintechOlga Feldmeier &; Managing Partner at XAPO ltd

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Olga is a part of the management team of Xapo, a Silicon Valley based startup, which is a global leading player in the industry. Olga’s background is in financial services industry: she was a strategy advisor for at the Boston Consulting Group (BCG) and at Barclays Capital.

     

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintechAndreas Kubli &8211; Group Managing Director &8211; UBS Switzerland AG

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Andreas Kubli is Managing Director at UBS Switzerland AG Zurich. Since 2013 he has held the Head of the Multichannel Management & Digitization position at UBS Switzerland. Prior to this, he was leading Strategy and Business Development UBS Switzerland. Before his entry into UBS he was a partner with McKinsey & Company. Andreas Kubli has a masters in Corporate Law from the University of Law in New York as well as licentiatus juris form the University of Zurich. Andreas Kubli is an authorized attorney at law in Zurich as well as in New York.

     


    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintechChristian König &8211; Founder of Fintech News Switzerland

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Chris is a Fintech Specialist with 15 years Investment Banking experience. He consults Fintech and Investment companies around the world (Singapore, Vietnam, Switzerland) with his company Finanzpro Ltd and is specialized in Financial Products, Social Media and Content Marketing. He is also the organizer of the Fintech Vietnam Meetup and is regular Fintech Speaker, a Fintech Mentor and a Digital Finance Lecturer. On top of that he runs several Blog projects such as Fintechnews Singapore, Fintechnews.ch and other award winning Finance Blogs. He holds a Master in Banking&Finance from the University in St.Gallen and is Certified Inter. Investment Analyst.


    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintechDaniel Gutenberg &8211; General Partner of VI Partners

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Daniel Gutenberg is General Partner of VI Partners, a Swiss venture capital firm. He joined the company in 2003. Subsequent to selling Gutenberg Communication Systems AG to the Telindus Group in the year 2000, Daniel Gutenberg became a very active business angel and investor in numerous startups. His focus is on and he has been taking board assignments for various public and private Companies as well as for YPO Young Presidents’ Organization, a network of young global business leaders. He also acts as the president of the Swiss Technion Society and as a member of the Circle of Investors of BrainsToVentures. Daniel Gutenberg was awarded as business angel of the year in 2011 (SECA).


    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech
    Marc P. Bernegger &8211; Serial Web Entrepreneur &
    Fintech Investor

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Marc P. Bernegger is a serial web entrepreneur and fintech investor. Aged 20, Marc co-founded the party platform usgang.ch (trade sale to Axel Springer) and he is a founder of amiando (awarded by the World Economic Forum as Global Technology Pioneer in 2010; trade sale to XING). He is Ambassador Switzerland at FinLeap, was partner at the listed investment company Next Generation Finance Invest (today Ayondo Holding) and venture partner at Orange Growth Capital. Marc was awarded as «100 most successful people under 40 in Switzerland» by BILANZ in 2015


    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintechPatrick Comboeuf &8211; Director of Studies &8211; CAS &;Digital Leadership&;

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Patrick Comboeuf is a senior (digital) executive with a strong track record on both the corporate and academic side. He was Director E-Business at SBB orchestrating their digital channels (> CHF 400 Mio of revenue p.a.) from 2006 to 2014. As a leader of a team of 50-odd experts he was the driving force behind a vast array of digital transformation initiatives like SBB Mobile (ticketing/timetable) – with 5,4 million users the most downloaded app in Switzerland, their intra-preneurial startup programme SBB Digital as well as the company’s headline making social media presence to name a few. He’s a regular blogger and keynote speaker at conferences on topics like Mobile Commerce, Digital, Service Business, Customer Experience and how to create a sustainable digital lifeline for dinosaurs in the corporate world.

     

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintechUrs Haeusler &8211; CEO of DealMarket

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Urs is CEO of DealMarket &8211; the global Private Equity Platform providing a comprehensive platform for fundraising and deal flow management. Based on his online expertise and global network Urs is valued as senior advisor for entrepreneurs and corporates alike. He also is the owner of Haeusler Management & Ventures, an internet business consulting firm, since 2008. Urs also supports early stage tech start-ups as a Business Angel.

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech

    Featured Image: Pixabay

     

    The post Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
  • @fintechna 3:36 am on September 24, 2016 Permalink | Reply
    Tags: , 8216, , , , , , , , ,   

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung 

    These following names are experts who are proudly named in the Who is Who and also be a part of Top for featured in the newspaper .

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintechOlga Feldmeier &; Managing Partner at XAPO ltd

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Olga is a part of the management team of Xapo, a Silicon Valley based startup, which is a global leading player in the industry. Olga’s background is in financial services industry: she was a strategy advisor for at the Boston Consulting Group (BCG) and at Barclays Capital.

     

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintechAndreas Kubli &8211; Group Managing Director &8211; UBS Switzerland AG

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Andreas Kubli is Managing Director at UBS Switzerland AG Zurich. Since 2013 he has held the Head of the Multichannel Management & Digitization position at UBS Switzerland. Prior to this, he was leading Strategy and Business Development UBS Switzerland. Before his entry into UBS he was a partner with McKinsey & Company. Andreas Kubli has a masters in Corporate Law from the University of Law in New York as well as licentiatus juris form the University of Zurich. Andreas Kubli is an authorized attorney at law in Zurich as well as in New York.

     


    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintechChristian König &8211; Founder of Fintech News Switzerland

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Chris is a Fintech Specialist with 15 years Investment Banking experience. He consults Fintech and Investment companies around the world (Singapore, Vietnam, Switzerland) with his company Finanzpro Ltd and is specialized in Financial Products, Social Media and Content Marketing. He is also the organizer of the Fintech Vietnam Meetup and is regular Fintech Speaker, a Fintech Mentor and a Digital Finance Lecturer. On top of that he runs several Blog projects such as Fintechnews Singapore, Fintechnews.ch and other award winning Finance Blogs. He holds a Master in Banking&Finance from the University in St.Gallen and is Certified Inter. Investment Analyst.


    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintechDaniel Gutenberg &8211; General Partner of VI Partners

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Daniel Gutenberg is General Partner of VI Partners, a Swiss venture capital firm. He joined the company in 2003. Subsequent to selling Gutenberg Communication Systems AG to the Telindus Group in the year 2000, Daniel Gutenberg became a very active business angel and investor in numerous startups. His focus is on and he has been taking board assignments for various public and private Companies as well as for YPO Young Presidents’ Organization, a network of young global business leaders. He also acts as the president of the Swiss Technion Society and as a member of the Circle of Investors of BrainsToVentures. Daniel Gutenberg was awarded as business angel of the year in 2011 (SECA).


    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech
    Marc P. Bernegger &8211; Serial Web Entrepreneur &
    Fintech Investor

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Marc P. Bernegger is a serial web entrepreneur and fintech investor. Aged 20, Marc co-founded the party platform usgang.ch (trade sale to Axel Springer) and he is a founder of amiando (awarded by the World Economic Forum as Global Technology Pioneer in 2010; trade sale to XING). He is Ambassador Switzerland at FinLeap, was partner at the listed investment company Next Generation Finance Invest (today Ayondo Holding) and venture partner at Orange Growth Capital. Marc was awarded as «100 most successful people under 40 in Switzerland» by BILANZ in 2015


    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintechPatrick Comboeuf &8211; Director of Studies &8211; CAS &;Digital Leadership&;

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Patrick Comboeuf is a senior (digital) executive with a strong track record on both the corporate and academic side. He was Director E-Business at SBB orchestrating their digital channels (> CHF 400 Mio of revenue p.a.) from 2006 to 2014. As a leader of a team of 50-odd experts he was the driving force behind a vast array of digital transformation initiatives like SBB Mobile (ticketing/timetable) – with 5,4 million users the most downloaded app in Switzerland, their intra-preneurial startup programme SBB Digital as well as the company’s headline making social media presence to name a few. He’s a regular blogger and keynote speaker at conferences on topics like Mobile Commerce, Digital, Service Business, Customer Experience and how to create a sustainable digital lifeline for dinosaurs in the corporate world.

     

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintechUrs Haeusler &8211; CEO of DealMarket

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech 

    Urs is CEO of DealMarket &8211; the global Private Equity Platform providing a comprehensive platform for fundraising and deal flow management. Based on his online expertise and global network Urs is valued as senior advisor for entrepreneurs and corporates alike. He also is the owner of Haeusler Management & Ventures, an internet business consulting firm, since 2008. Urs also supports early stage tech start-ups as a Business Angel.

    Top Digital Fintech Heads for Switzerland on Who is Who in Handelszeitung fintech

    Featured Image: Pixabay

     

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  • @fintechna 3:35 pm on September 23, 2016 Permalink | Reply
    Tags: , 8216, , , , , Directive, , , Matters, , ,   

    EU’s Payment Services Directive (PSD2): What It Is And Why It Matters 

    Recent regulatory changes in Europe, including the (), are set to accelerate payments innovation.

    The Payment Services Directive (PSD) was initially adopted by the European Union (EU) in 2007 and aimed at providing a legal framework for all payments made in the region with the purpose of making these faster, more efficient and easier to use for European consumers and payments services providers.

    In October 2015, the EU adopted a revised PSD &; also referred to as PSD2 &8211; that sought to enhance consumer protection, promote innovation and improve the security of payments services.

     

    PSD2: What is it?

    PSD2 is a major policy development expected to impact the payments industry across Europe through: further standardization and interoperability of cards, Internet and mobile payments methods; the reduction of barriers to entry in particular for card and Internet payments providers, driving thus increased competition, innovation and transparency across the European payments market; as well as providing the necessary legal platform for the Single Euro Payments Area (SEPA).

    The directive seeks to improve the existing EU rules for electronic payments, while taking into account emerging innovative payment services, such as Internet and mobile payments. It sets out rules concerning:

    • Strict security requirements for electronic payments and the protection of consumers&; financial data, guaranteeing safe authentication and reducing the risk of fraud;
    • The transparency of conditions and information requirements for payment services;
    • The rights and obligations of users and providers of payment services.

    The regulation came into effect on January 12, 2016, and EU countries must incorporate it into national law by January 13, 2018.

     

    The impacts

    The new directive brings key changes that include:

    Third-party payment initiation: Payment Initiation Service Providers (PISP) will be able to initiate online payments from the payer&8217;s bank account. This will encourage competition in the European payments industry. Accenture estimates PISP services could account for up to 16% of online retail payments by 2020.

    The definition of a &;payment institution&; is extended to new types and categories of players. While the original PSD applied only to transactions occurring within the EU, the PSD2 will extend this scope to &8220;one leg out&8221; transactions.

    Third-party account access: The directive will regulate account information service providers (AISPs). These providers act as aggregators of customer payment account information.

    Prohibition of card surcharges: The regulation seeks to standardize the different approaches to surcharges on card-based transactions across the EU.

    Security of online payments and account access through the introduction of new security requirements for electronic payments and account access, along with new security challenges relating to AISPs and PISPs.

    The directive will affect everyone in the shifting payment landscape. This includes , fintechs, the PCI (Payment Card Industry) as well as merchants.

    EU’s Payment Services Directive (PSD2): What It Is And Why It Matters fintech

    How PISPs and AISPs will change existing interaction models between customers and banks, Accenture report &;Seizing the Opportunities Unlocked by the EU’s Revised Payment Services Directive&8217;

    PSD2 will bring both challenges and opportunities for European banks. Banks will be required to open up their infrastructure to third parties by offering APIs under the XS2A (access to account) rule. They will be forced to grant them access to their customers&8217; online account/payment services in a regulated and secure way.

    On the other hand, PSD2 presents significant opportunities to grow new revenue streams &8211; by facilitating and monetizing access to raw data and banking services, for instance &8211;, capture customer ownership and process toward an extended ecosystem centered on the &8220;Everyday Bank,&8221; a concept that takes banking to being trusted, indispensable and central to consumers&8217; everyday activities.

    EU’s Payment Services Directive (PSD2): What It Is And Why It Matters fintech

    EU banks: challenges and opportunities of PSD2, Accenture report &8216;Seizing the Opportunities Unlocked by the EU’s Revised Payment Services Directive&8217;

     

    Featured image: Mobile banking concept by Ditty_about_summer, via Shutterstock.com.

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  • @fintechna 3:35 am on September 21, 2016 Permalink | Reply
    Tags: ‘Impressive, 8216, , , , , , , , , Industry’s, ,   

    New Report Highlights Germany’s Fintech Industry’s ‘Impressive Growth’ 

    The Germany&;s burgeoning industry is quickly emerging as a regional leader with a number of startup gaining international recognition and Berlin becoming a &;strong contender for London&8217;s fintech crown,&; according to a new report by UK payments startup GoCardless Ltd.

    &8220;It&8217;s no secret that Germany took its time to enter the scene, especially with investors erring on the side of caution due to the complex nature of German financial regulations, the says.

    &8220;But now the gap is finally closing on the UK. As Brexit places London’s ‘EU passport’ in jeopardy – the UK may soon find itself overtaken by Germany in the near future.&8221;

    New Report Highlights Germany’s Fintech Industry’s ‘Impressive Growth’ fintech

    Germany&8217;s fintech universe by city, EY Analysis 2016

    With now 250 companies employing approximately 13,000 people, Germany&8217;s fintech industry is growing rapidly.

    A report by EY released in March, suggests that the German fintech market is fragmented but has developed three main hubs: Berlin, Rhein-Main-Neckar region and Munich, each standing for a distinct characteristic.

    In terms of investment, Germany is lagging behind the UK, with €524 million invested in domestic fintech startups in 2015 compared to €707 million for UK startups.

    Ventures focusing on banking and lending alone have attracted a big chunk of Germany&8217;s overall fintech investment, raising €402 million in 2015.

    New Report Highlights Germany’s Fintech Industry’s ‘Impressive Growth’ fintech

    GoCardless &;What you didn’t know about German FinTech&8217; report

    The report notes the involvement of Peter Thiel, the co-founder of PayPal and a prominent figure in the tech industry, in a number of deals. These include participation in funding rounds of Zinspilot, a platform for comparing interest rates, and Hamburg-based consumer loan platform Kreditech.

    Traditional and financial institutions have too been involved, with a number of them either acquiring or partnering with startups to add innovative products and services to their portfolios. These include Sparkesse which acquired the majority of shares in payments startup Payone in 2015, as well as Deutsche Bank which has been collaborating with domestic startups such Gini and Fincite.

    Gini is a B2B focused financial data analytics startup delivering an API that uses artificial intelligence to enable businesses to automate paperwork, while Fincite is a German -advisor provider.

    Deutsche Bank has further announced plans to invest €1 billion in digital banking in the next five years as part of its &8220;Strategy 2020&8221; to boost efficiency, cut down on risky businesses and boost its capital base, as reported by Handelsblatt in March.

    One of the UK&8217;s competitive advantages over Germany is the supportiveness and openness of the Financial Conduct Authority (FCA) related to the UK&8217;s ambition to become the fintech capital of the world. &8220;A major component of that policy includes tax incentives to encourage seed investments, along with government programs to support innovation,&8221; the report says.

    This has helped foster a flourishing fintech startup community with widely renowned ventures such as TransferWise, Funding Circle and Monese.

    Germany&8217;s Federal Financial Supervisory Authority (BaFin), on the other hand, is deemed &8220;more complex and more conservative towards the development of fintech.&8221;

    &8220;The BaFin is still far behind on implementing policies similar to the FCA&8217;s,&8221; it says.

    &8220;For many German FinTech startups, acquiring a banking license from the BaFin is considered a path to profitability as it enables establishment of faster processes. But it also requires startups to implement strict controls and supervision for fraudulent activity. The application process can be long, complex and costly for recently founded startups, which discourages venture capitalists from making major investments in the industry.&8221;

    In light of the regulatory hurdles, banks have been trying to bridge the gap through investment funds, while players such as &8220;fintech company builder&8221; FinLeap have introduced products and services to help startups with financial regulations.

    For instance, FinLeap&8217;s SolarisBank is a fully licensed digital bank focusing on powering e-commerce businesses and fintech startups with modular, API-accessible financial services.

    While some local fintech startups have to rely on partnerships with existing financial institutions to help them grow, others such as N26, formerly known as Number26, have been awarded a full German banking license.

    Berlin-based N26 is a digital challenger bank that allows users to open an online banking account from their smartphone &8220;in under 8 minutes.&8221; N28 provides customers with a free MasterCard payment card, as well as the ability to send money abroad in 19 different currencies.

    N26 is currently available to customers residing in Germany, Austria, Ireland, France, Spain, Italy, Greece and Slovakia.

    Another challenger bank that holds a German banking license is Fidor Bank (Fidor Group), which was acquired by France&8217;s Groupe BPCE in July 2016.

    &8220;There&8217;s already lots of activity in the German FinTech scene and some of the established players mentioned earlier have already laid the groundwork,&8221; the report says.

    It concludes:

    &8220;There is massive potential for Germany to rival, and perhaps even take over from, the UK when it comes to fintech. The UK leaving the EU may also pave the way for Germany to take that lead sooner than expected, with the UK’s so called ‘EU-passport’ in jeopardy.&8221;

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  • @fintechna 12:18 am on September 14, 2016 Permalink | Reply
    Tags: 8216, , , , Personetics, , , ,   

    Chatbots Take One Small Step Forward to True AI with Personetics, Clinc 

    a moment and imagine the future of banking: chances are your vision contains a lot more automation than we have now, whether you’re imagining a simple predictive algorithm for investments or a fully-fledged personal finance &;bot with Skynet level AI—in terms of cognitive reasoning, not thirst for world domination.Read More
    Bank Innovation

     
  • @fintechna 3:53 pm on September 2, 2016 Permalink | Reply
    Tags: , , 8216, , , , , , , , , , , , ,   

    13 Hottest Finance And Fintech Startups in Europe 2016 

    WIRED Magazine has recently published a list of Europe&8217;s 100 Hottest Startups 2016. The list consists various in e-commerce, , AI, App, Mobile, Recruitment, etc. from cities such as London, Paris, Stockholm, Amsterdam, Istanbul, Barcelona&; Out of 100 startups, 13 startups in and Finance have made the list.

     

    LONDON, UK

    Property Partner &8211; Property Crowdfunding & Investment
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Property Partner combines residential real estate crowdfunding with a secondary exchange upon which investors can trade their holdings. The company allows anyone to invest in an individual property of their choice, with as little or as much they wish, so they can own a share, receive rental income and access capital growth. Property Partner is the trading name of London House Exchange Limited, a company that is authorised and regulated by the Financial Conduct Authority.

     

    Osper &8211; The Prepaid Debit Card for Kids 8-18
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    The branchless bank offers debit cards for 8-to 18 years-olds. Children can manage spending with an accompanying smartphone app, and parents can use the app to monitor spending and transfer (or withhold) pocket money. Founded by Alick Varma in 2012, the company is backed by Horizons Ventures and an array of entrepreneurs, including Samir Desai of Funding Circle

     

    STOCKHOLM, SWEDEN

    Qapital &8211; Smart Savings
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Qapital introduces a fun, automated way of saving money for specific goals. The totally free iPhone app is designed to help anyone reach savings targets by setting goals and applying rules to automate the saving. Qapital uses &;If This Then That&; IFTTT triggers to create a gamified savings system for millennials. Rules can be as simple as rounding up to the nearest dollar on everyday expenses or as interesting as rewarding yourself if you do certain things

     

    AMSTERDAM, THE NETHERLANDS

    BUX &8211; Casual Stock Trading
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    BUX wants to make everyone a stock trader. Released in 2014, its app combines &8220;virtua-money trading and a community&8221;, according to CEO Nick Bortot. It allows potentials investors to practise with digital currency before they spend real-world fund, with alerts sent when prices start to rapidly drop. Bortot claims the app has 450,000 registered users and is available in the Netherlands, Germany, Austria and the UK. Further European expansion is planned for the 31 people team.

     

    HELSINKI, FINLAND

    Moni &8211; Banking In Your Pocket
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Founded by Basemotion mastermind Antti Pennanen, this fintech startup offer prepaid MasterCards so travellers can pay without charges, and a money-transfer app that allows interest-free loans between friends.  Its profile soared in February when the Finnish immigration service announced it would use to make payments to some of Finland&;s 50,000 refugees.

     

    LISBON, PORTUGAL

    CrowdProcess
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    CrowdProcess is a scientific computing company that owns James, an R&D tool used by many to manage risk. James helps risk officers in banks manage risk better, reduce default rates and improve origination practices, using advanced scientific computing capabilities, including machine learning and advanced optimization. The company, founded in 2011 by CEO Pedro Fonseca, Sam Hopkins, and works with hedge funds based in New York and London.

     

    ISTANBUL, TURKEY

    Insider
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    A marketing tool that provides predictive algorithms for online businesses, Insider launched in 2012 and has 90 employees in 5 countries. &8220;There are personalisation tools which allow online businesses to create special content for each users. However, there are manual and integration takes ages,&8221; says co-founder and CEO Hande Cilingir. Insider&;s tools segment audiences automatically, for a monthly fee.

     

    AloTech &8211; A Cloud Company
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    For companies running a call center operation that are frustrated with the high cost, complexity and difficulty of the conventional systems, AloTech is the web based, pay-as-you-go solution running on Google, which is low cost, fast, easy, scalable and with complete enterprise functionality able to be setup anywhere in the world in 10 minutes.

     

    Parasut &8211; Financial Management Software for SMEs
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    The bookkeeping cloud platform made our 2015 list and has since doubled its customer base to 2,500. &8220;We signed a partnership agreement with Akbank, one of the largest banks&8221;, says co-founder Sean Yu. &8220;We&8217;ll integrate our application directly to online banking to enable seamless syncing of transaction data, make payments for invoices and payroll in-app, provide invoice factoring, credit and loans and other products in-app.&8221; 

     

    iyzico &8211; Virtual POS Service
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    TPayment platform iyzico has grown significantly since 2014. In 2015, it raised $ 6.2 million and entered the $ 400 billion Iranian market. It has more than 29,000 registered merchants (up from 3,000 in 2014) and has seen a 50% increase in the average number  of transactions year on year. &8220;I am aiming to get as many smart and driven people as possible together, who will help us to become the payment champion of the Orient,&8221;  says Marketing Manager a da Enen.

     

    TEL AVIV, ISRAEL

    FundBox &; Fundbox: Overcome Cash Flow Gaps
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Fundbox is a company focusing on helping small business owners overcome occasional short-term cash flow gaps. Founded in 2013, the service uses big data analytics, engineering, and predictive modeling to help optimize cash flow for small businesses and freelancers with outstanding invoices. The company already raised $ 112.5 million from investors including Jeff Bezos and Ashton Kutcher.

     

    Colu &8211; Local Currency
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    By giving people the ability to exchange digital cash directly with one another Colu is creating a new way of thinking about money that encourages sustainable and equitable economic growth while supporting local businesses. Colu wants to digitalise ownership of real-world items &8211; from cars to concert tickets &8211; using the . Founded in 2014, the company has raised $ 2.5 million in  seed funding led by Aleph Venture Capital. It has partnered with Deloitte and is collaborating with Barbados-based startup to introduce a -based &8220;Caribean dollar&8221;

     

    BARCELONA, SPAIN

    Kantox: Currency and Risk Management Solutions
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Kantox is a foreign exchange service provider, offering SMEs and mid-cap companies a comprehensive solution to their foreign exchange needs, based on transparency, efficiency and value. Their transactions reached $ 1 billion, broke the $ 3 billion barrier in April 2016. It completed an $ 11 million funding round from Partech Venture, IDinvest Partner and Cabiedes & Partners in May2015, and released new software this year which automates FX transactions and payments.

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  • @fintechna 3:36 am on September 1, 2016 Permalink | Reply
    Tags: 8216, , , , , , , , , , NextGen, , Powered, , , , ZeroCommission   

    Startup of the Month: Lykke, a Next-Gen Zero-Commission Trading Platform Powered by Blockchain 

    and has gotten a major boost in Switzerland as Richard Olsen, the co-founder of OANDA and a former CEO of the North American FX Brokerage, is looking to harness the power of the technology to disrupt digital currencies and assets .

    Lykke, Olsen&;s latest venture, has just released a mobile app for Android devices, which follows its iOS counterpart released in June. The Wallet lets users trade digital currencies and assets, and come with a number of innovative features including instant settlement, direct ownership and zero commission.

    Startup of the Month: Lykke, a Next-Gen Zero-Commission Trading Platform Powered by Blockchain fintech

    Through the app, users can track asset prices in real time, check their balances, transaction history and blockchain details for all transactions, move assets to any bitcoin wallet, deposit and withdraw bitcoins via QR codes with no fees.

    &;Lykke Wallet, currently in beta, aims to prove the concepts and the technology behind the new global marketplace,&; Olsen said in a media release.

    Signing up to Lykke is quite simple: you can use your smartphone camera to take pictures of yourself and your identification documents.

     

    Lykke&8217;s technology

    Founded in Zurich in 2015, Lykke aims at cutting out intermediaries in financial markets by allowing participants to transact in a peer-to-peer manner.

    It uses a technology called &;colored coins;&8217; tokens that represent assets. &8220;If a colored coin is hacked, the issuer can cancel the colored coin and issue a new colored coin,&8221; explained Olsen in a recent interview with Finance Magnates.

    Another interesting feature is the &8217;s use of multisignature (multisig) wallets, which require two signatures (one from Lykke, one from the client) to spend funds from a particular wallet.

    The Lykke Exchange itself doesn&8217;t take custody of client funds but also holds one of the two needed private keys. If, for some reason, the Lykke Exchange goes down, there is a &8220;refund mechanism&8221; for the private key held by the company.

    &8220;We have solved the cyber security issue that plagues bitcoin exchanges and offer restitution, which is more efficient than a depositor insurance scheme in that is limited to specified amount of money,&8221; Olsen said.

    Startup of the Month: Lykke, a Next-Gen Zero-Commission Trading Platform Powered by Blockchain fintech

    Lykke is building a global marketplace where users would be able to trade all classes of financial instruments issued in the form of colored coins in order to enable direct ownership and immediate settlement on the blockchain.

    In May 2016, Lykke closed a second seed funding round, welcoming new investors Marco Brockhaus and Carlo Koelzer, founding partner of 360T&8217;s Group Executive Board and member of Deutsche Börse Group Management Committee.

    That same , the company announced the addition of Nick Szabo, a Bitcoin pioneer, into its Advisory Board.

    Lykke is currently on an Initial Coin Offering (ICO) which it plans to begin in September.

    &8220;Blockchain is an opportunity for all businesses – literally all businesses can embrace the technology and seize the opportunities, such as issuance of new instruments, explosive growth of transaction volumes, new types of banking, investment management and insurance products – these markets have huge potential,&8221; Olsen said.

    &8220;Companies that close their eyes to the new opportunities are at risk – they will be latecomers and will have to restructure, when revenues nosedive – a bad environment to embrace new business models.&8221;

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  • @fintechna 3:35 am on August 31, 2016 Permalink | Reply
    Tags: 8216, , , , , , , , , , , ,   

    Switzerland Opens up to Blockchain Tech 

    Appetite for is growing worldwide as venture capital investment in and blockchain startups exceeds US$ 1.1 billion and major financial institutions begin trialing the technology for varied applications.

    Perceived as the trigger to &;a profound technological shift&; by authors Don and Alex Tapscott, blockchain technology not only promises to help save up to US$ 20 billion in infrastructure costs but could also disrupt other industries as well including insurance, healthcare, education and governance.

    While Silicon Valley reminds a hotspot for blockchain development, hosting 30% of the world&;s bitcoin and blockchain startups and attracting 51% of the total venture capital investment globally, according to CoinDesk&;s Q1 2016 State of Blockchain report, other locations around the world are working towards building a strong domestic ecosystem.

    In June, 24 members of the Swiss Parliament proposed a motion to reduce the regulatory burdens of blockchain startups. The motion, aimed at defining the term &8216;client deposit&8217; from banking bills, was rejected earlier this month, implying that FINMA, &8217;s financial watchdog, would consider blockchain and bitcoin startups as being qualify as banking businesses, according to a report by Startupticker.ch.

     

    Switzerland is exploring other options including creating an entirely new license category for financial innovators carrying out some banking activities but with limited acceptance of client assets and no lending activity, as well as a license-exempt area, also referred to as a &8216;regulatory sandbox.&8217;

    On January 01, 2016, FINMA revised its Anti-money Ordinance for businesses dealing with new payment methods and virtual currencies. Regarding virtual currencies, the authority equated them with money-transmitting services.

     

    Switzerland&8217;s Bitcoin and blockchain ecosystem

    In recent years, the Swiss canton of Zug has welcomed a growing number of Bitcoin and blockchain startups settling and opening offices in the location. This has led to the emergence of the &8220;Crypto Valley&8221; nickname which today hosts the likes of Monetas, Shapeshift, Xapo and Blockchain Source.

    Monetas is a software company focused on next-generation financial services, providing banks and firms with a platform that allows for safe, fast, and very low cost transfers of any asset. In October last year, the company announced a pilot for a nationwide transaction platform for Tunisia&8217;s postal services.

    Shapeshift is a exchange platform that allows for instant trade.

    Blockchain Source is a consulting firm specializing in blockchain for the financial services industry.

    Xapo provides users with a bitcoin wallet as well as a &8220;deep cold storage wallet.&8221; The company has raised US$ 40 million in funding so far. The company, initially based in Palo Alto, relocated its corporate headquarters to Switzerland in May 2015, citing the country&8217;s long history of neutrality and stability.

    Alongside its vibrant startup community, Switzerland is also home to Nexussquared, a blockchain-focused incubator founded by former senior UBS banker Daniel Gasteiger and property specialist Daniel Grassinger that aims at &8220;establishing Switzerland as a nexus for blockchain technology.&8221;

    In July, Nexussquared wrapped up the first edition of nexuslab, a virtual blockchain startup program co-organized with Startupbootcamp .

    Switzerland Opens up to Blockchain Tech fintech

    PHOTO: Nexuslab Festival Finale by PIOTR PIWOWARSKI http://www.fotopi.ch, via Nexussquared

    Eight startups presented during the nexuslab Festival finale in Zurich on July 07. These ventures included Agrello, an Ethereum-based platform for managing contracts and legal documents; Doqum.io, a peer-to-peer community system for digital documents; First Wallet, a payment system for content providers; and Taqanu Bank, a neo-bank that leverages blockchain technology to provide banking services to people who don&8217;t have a fixed address; among others.

    The event gathered nearly 170 investors, industry experts and journalists. The presentations by the eight startups &8220;pointed to Switzerland&8217;s strong position as a blockchain hub,&8221; Nexussquared said in a media release.

    &8220;From trading ownership in music as a form of alternative investment to a banking solution for refugees and creating and signing electronic contracts, festival attendees got a taste of how blockchain technology can be applied to develop tangible business models.&8221;

    On September 13, the Finance 2.0 Crypto &8217;16 conference in Kunsthaus Zurich will welcome industry experts to discuss &8220;how cryptofinance will change the world.&8221;

    Topics will include the use of blockchain technology in art and music, decentralized autonomous organizations, smart contracts, business applications for private and open chains, as well as international settlements using cryptocurrencies. Get an exclusive 25% Discount with Code &8220;FinTech&8221; .

     

    Featured image: Chain and padlock by ifong, via Shutterstock.

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    Fintech Schweiz Digital Finance News – FintechNewsCH

     
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