In a mood for some #fintech inspiration? Take a walk down the #startup #alley. At the TechCrunch Disrupt 2017 event, currently taking place in New York, Bank Innovation came across a gauntlet of bright, shiny new #fintechs. Here are five of our favorites: Spendwallet While major #banks are busy building NFC-enabled digital wallets, this fintech […]
Bank Innovation
The land of traditional insurance is getting an upgrade. 2017 might be the year the insurance industry (which tends to conjure up images of cramped cubicles, multiplying paperwork, and incomprehensible legalese) gets the #fintech touch; in fact, we’ve already seen the beginnings of the change with certain #startups named after certain citrus beverages. Want to […]
Bank Innovation
Now that #banks and #fintechs have learned to coexist, we see new players emerge (or older ones re-emerge), most with a new focus on partnering with FIs for the better. Keeping track of emerging players is the best way to stay up to date on the current market trends, and Bank Innovation is here to help. Here […]
Bank Innovation
Customers have recently stepped into the era of personalized services with apps built around their specific wants and needs. After Amazon, Netflix and Google pioneered customization of their offerings based on visitors’ past transaction history, consumers have grown to expect the same tailored experience from all other providers. #Banks alsoRead More
Bank Innovation
Can there be something in corporate names that start with G? Why is it that GAFA has Google first? What is the tipping point that turns a corporate name into a #verb? Malcolm Gladwell may have insights on these questions and a great story to tell us, as I urgeRead More
Bank Innovation
The weather was beautiful in London, the location was upcoming (O2 North Greenwich) and the size of the conference was ideal. The two chairs, Peter Renton (founder of Lendit) and Christine Farnish (chair of P2PFA) were both great on stage as they covered an industry that has been tainted inRead More
Bank Innovation
Browsing new #startups is so much fun—new companies pop up every day, so there’s always a chance to discover that one description of a newly funded startup’s goals that makes you say, “Why didn’t I think of that?” With that in mind, here are three startups you should keep yourRead More
Bank Innovation
Delving into the wide world of #startups is always an experience, as the possibilities are quite literally endless, since it is by nature an environment that breeds innovation. These three startups are all unique in their own special ways, beginning with an app for personalized — and free &8212; financialRead More
Bank Innovation
It seems like new #fintech #startups show up daily, all vying for the top slot in the type of financial service they offer: want to find a P2P lending service? There’s dozens of startups for that. Need help with stock options or expenses? Well, there’s a few dozen startups forRead More
Bank Innovation
The #Swiss #fintech startup scene has been growing steadily during the past year, expanding from 157 #startups in November 2015 to 185 players in June 2016, according to Swisscom’s Fintech Map.
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Despite the growing industry, Switzerland&8217;s fintech sector is lagging behind the likes of New York and London. Industry observers have pointed out the lack of governmental and institutional support in comparison to these front-runners.
A report released in February by EY and the Swiss Finance + #Technology Association on the Swiss fintech sector argued that there were “clearly some room for improvement regarding governmental support,” adding that Switzerland had yet to leverage its strong position as a financial center in Europe to become a global fintech hub.
Swiss financial regulators have been slow to react to the emergence of the digital economy. The Swiss Financial Market Supervisory Authority (FINMA) has recently introduced a new ruling to facilitate client on-boarding through digital channels.
At the Swiss International Finance Forum in June, FINMA&8217;s director Mark Branson said:
&8220;The financial revolution is evolving so rapidly that we can’t get bogged down striving for a 100% perfect legislative solution. We are advocating swift action that we can fine tune later.&8221;
That said, there are several reasons to be optimistic about Switzerland&8217;s nascent fintech sector. The country&8217;s strong data protection laws, tax regime and political neutrality have attracted a number of foreign companies and organizations including the Ethereum Foundation and Xapo.
Switzerland has notable competitive advantages as a fintech hub in comparison to the likes of London or Berlin. To mention here the stability and reliability in general (financial, legal, government, and so on), which continues to be a hard value for other locations to match. The existing financial services expertise remains another strong advantage. However, the high salaries in Switzerland is another story.
Today, a number of Swiss fintech startups are standing out. These are covering varied industries and applications ranging from wealth management, #blockchain technology, to insurtech and crowdfunding.
Based in Zurich, DealMarket is a Swiss fintech startup provide three distinct products: a global marketplace for fundraising and deal sourcing, connecting the private equity industry; a browser-based deal flow management and deal exchange tool; and the DealMarket Intelligence which offers affordable access to third-party data, research and services.
Another crowdlending platform is Splendit, which focuses on allowing students to access a fair source of financial their education. The platform matches students and investors in an auction process, issues documents and manages payments.
CreditGate24 is a highly automated platform that connects borrowers with private and institutional investors, offering an efficient and scalable settlement of loans. The company applies a strict credit check based on classic credit assessment methods, Big Data analysis, as well as the insurance and the solidarity arrangement.
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Xapo, one of the #bitcoin industry&8217;s best-funded startups, provides bitcoin storage services and a digital wallet. Initially headquartered in California, Xapo relocated to Switzerland in May 2015 in a bid to boost customer privacy protections. The startup has raised US$ 40 million in funding so far.
The Ethereum Foundation is the organization overseeing Ethereum, the open source decentralized platform that runs smart contracts: applications that run as programmed without possibility of downtime, censorship, fraud or third party interference. Ethereum&8217;s crowdfunding campaign is one of the most successful campaigns to date, raising over US$ 18 million in bitcoin.
iProtus is a company that provides consulting services on blockchain technology and helps businesses implement new business models with distributed ledgers.
Knip is undoubtedly one of the most visible insurtech ventures in Switzerland. Founded in 2013 by Dennis Just and Christina Kehl, Knip has now over 100 employees based all over Europe. Knip provides users with a digital insurance manager and a mobile app that allows for the management of existing insurance politics, tariffs and services.
Image credit: Pressmaster via Shutterstock
True Wealth is an online wealth management platform and an automated investment solution based in Zurich. True Wealth is an independent asset manager and a member of the Swiss Association of Asset Managers (SAAM).
Qontis is an online personal finance management (PFM) platform that provides users with the ability to document and organize data from all instances of private income and expenditures.
MoneyPark is an independent provider of personalized financial advice on mortgages, providing pension planning and investment guidance. MoneyPark is a financial intermediary that is subordinated to FINMA and holds a license as a distributor of collective investment schemes.
Other ventures worth mentioning include Qumram, a cybersecurity firm; Advanon, an invoice financial platform; CashSentinel, an online platform focused on facilitating the purchase and selling of vehicles; TawiPay, a financial services comparison platform focused on money transfers and remittances; Amnis, an online platform for currency exchange and foreign currency payments; Contovista, a digital banking software company; and Run My Accounts, an automated online accounting platform for SMEs.
See the Full List of all 30 Swiss Fintech Startups to #Watch HERE
The post 30 Swiss Fintech Startups To Watch appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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