Category : News

Liechtenstein’s LGT Acquires Stake in German Digital Wealth Manager LIQID

LGT, an international private banking and asset management group owned by the Princely House of Liechtenstein, has agreed to acquire a strategic minority stake in the Germany-based digital wealth manager LIQID. In the future, LGT will contribute to t...

Wealth and Asset Managers Will Go Head to Head as Their Opportunities Converge

The recent Weath and Asset Management Report 2021 by Oliver Wyman and Morgan Stanley sheds light on emerging industry trends as the global market is poised to grow significantly over the next few years. According to the report, wealth and asset manag...

Insurtech Firma sponsored Fussball Stadium in Schaffhausen

Frohe Kunde beim Fussballclub Schaffhausen. Mit wefox steigt ein Insurtech Partner beim Stadtclub ein, der dem Stadion einen neuen Namen verleiht. Die Firma wefox Switzerland AG mit Sitz in Roggwil BE, gehört zur wefox, welches Kapitalgeberin von wef...

Facebook Pay To Be Available to Online Retailers Starting With Shopify

With digital payments picking up pace across the globe, social media giant Facebook is extending its payment services to online retailers. Shopify has become the first e-commerce platform to sign up for Facebook Pay. This will allow Shopify merchants...

Mastercard Taps Circle for Payment Settlement Pilot With USDC Stablecoin

Circle and Mastercard announced an engagement to use the USD Coin (USDC) to facilitate crypto-to-fiat conversions in a pilot programme to expand the ability of issuers and crypto businesses to enable customers to spend their crypto assets. The engage...

M1 Finance Clinches Unicorn Status with US$150 Million Fundraise

M1 Finance, an all-in-one money management platform, announced that it has secured US$150 million during a Series E funding round, the firm is now valued at US$1.45 billion. SoftBank’s Vision Fund 2 led the round, with participation from existing inv...

Latin America Sees Booming Digital Banking Sector with Brazil at the Lead

Over the last few years, digital banking in Latin America (Latam) has experienced extraordinary growth on the back of changing customer needs, expanding technological penetration and rapidly evolving regulatory standards. Since 2017, the number of di...

Swiss Proptech Firm PriceHubble Bags US$34 Million for Its International Expansion Plans

Swiss B2B proptech startup PriceHubble announced that it has successfully completed its Series B funding round and raised US$ 34 million. The financing round was strongly oversubscribed and led by Digital+ Partners, a European growth equity investor....

Sygnum Bank and Artemundi Tokenise a Picasso Worth CHF 4 Million

Swiss digital asset bank Sygnum and Artemundi, an art investment pioneer, have partnered to tokenise Picasso’s Fillette au béret painting. This marks the first time the ownership rights in a Picasso, or any artwork, are being broadcast onto the publi...

Swiss National Bank, SIX Launch the Secure Swiss Finance Network for Data Sharing

The Swiss National Bank (SNB) and SIX Swiss Exchange are launching the Secure Swiss Finance Network (SSFN) communication network to further improve the resilience of the financial system against cyber risks. It is aimed at secure, flexible and resili...

Revolut Raises US$800 Million in Series E Fundraise, Valuing It at US$33 Billion

Revolut, the financial superapp with more than 16 million customers worldwide, announced an US$800 million series E funding round, valuing the business at US$33 billion. The new funding round brings onboard two new investors, SoftBank Vision Fund 2 a...

Bridging The Gap In Fintech News Reporting

Over the last few years, there has been a rapid drive towards digital transformation across sectors, including financial services. This drive was greatly accelerated with the onset of the global pandemic that forced even the less tech-savvy populatio...

Mt Pelerin Selects Tezos to Power Its Open Source Asset Tokenisation Platform

Mt Pelerin’s cryptocurrency mobile app Bridge Wallet has launched support for Tezos with a zero fees on-ramp and off-ramp for XTZ, the native cryptocurrency of the Tezos blockchain. The firm said that it is “dedicated to building bridges...

Crowdfunding Skyrockets in Switzerland Amid COVID-19 Support Campaigns

In 2020, Swiss reward-based crowdfunding and crowddonation campaigns skyrocketed in number and volume on the back of soaring solidarity campaigns amid COVID-19, according to the Institute of Financial Services Zug IFZ’s annual crowdfunding research....

SIX Signed an MoU With Saudi Stock Exchange Tadawul for Future Cooperation

Swiss stock exchange SIX has signed a memorandum of understanding with its Saudi counterpart Tadawul on cooperation in the stock exchange sector. This is the third financial dialogue between Switzerland and Saudi Arabia that took place in Zurich. The...