Category : News

Legaltech: Experts Forecast Rising Adoption of AI, Analytics in 2021

COVID-19 has accelerated the use of digital tools and platforms in the legal industry, further increasing adoption of legal technology, or legaltech. For many attorneys and legal technologists, 2021 will see more companies embrace artificial intellig...

Swisscom and Banks Completes Pilot for a Digital Assets Reference Rate

Swisscom and the four banks namely SEBA, Swissquote, Sygnum and Vontobel have together piloted the Swiss Institutional Digital Asset Reference Rate (SIDAR) in order to strengthen the legitimacy of the digital asset space and foster financial innovati...

CREALOGIX Doubles Down Its Presence in DACH and Central Europe With New MD

Swiss banking software provider CREALOGIX announced that it has appointed Jordi Perez as its Regional Managing Director will assume responsibility for CREALOGIX’s business in Germany, Austria and Switzerland as well as other countries in Centra...

Facial Recognition for Payments to Be Used By Over 1.4 Billion People Globally by 2025

A new study from Juniper Research, “Mobile Payment Authentication: Biometrics, Regulation & Market Forecasts 2021-2025” has found that the number of users of software-based facial recognition to secure payments will exceed 1.4 billion...

Plaid Raises US$ 425 Million, Pushing Its Valuation to US$ 13.5 Billion

Open banking platform Plaid announced in a blog post that it has raised US$ 425 million during a Series D financing round, pushing its estimated valuation to US$13.5 billion. The funding round was joined by new investors Altimeter Capital, Silver Lak...

Open Banking Network Truelayer Raises $70m

TrueLayer announced it has secured a $70m Series D investment round led by new investor Addition. The latest raise reflects the growing demand for its open banking-based services and marks another significant milestone for TrueLayer on its mission to...

Alpian Secures USD 18 Million Series B Funding

The digital financial services company Alpian, incubated by the Swiss banking group REYL, today announced a successful Series B funding worth around USD18 million (CHF16.9 million). The fundraising follows the Series A round in 2020 in which CHF12.2...

Swiss Green Fintech Network Launches the First Action Plan

F10 collaborates with a diverse group of stakeholders from academia, tech and venture capital in the Green Fintech Action Plan. This plan aims to support the Swiss government and the financial services industry in better understanding how a global le...

Delta Exchange Closes US$5 Million Raise From Blockchain Valley Ventures Among Others

Delta Exchange, a UK-based institutional-grade crypto derivatives exchange, announced that it has closed a US$ 5 million token raise from existing and new investors where Swiss venture firm Blockchain Valley Ventures (BVV) backed and advised the form...

Fintech Funding in Europe Reaches Highest Quarterly High Since Q2’18

In Q1’21, fintech funding in Europe reached its highest quarterly total since Q2’18, surpassing US$2.9 billion in just the first two months of the year, data from market intelligence startup CB Insights show. Global fintech funding ($M) by continen...

Instinet and Credit Suisse Conduct Same-Day Settlement of U Traded Stocks

Paxos Trust Company, a regulated financial market infrastructure provider, announced Instinet and Credit Suisse settled US listed equities trades on a same-day settlement cycle (known as T+0) via Paxos Settlement Service. The trades occurred at 11 AM...

Instinet and Credit Suisse Conduct Same-Day Settlement of US Traded Stocks

Inflationsängste treiben Hypothekarzinsen auf ein 12-Monats-Hoch

Die Richtzinsen für zehnjährige Hypotheken lagen Anfang Jahr bei etwas über 1 Prozent. Am Ende des 1. Quartals 2021 liegt der Wert nun bei 1,20 Prozent. In der Spitze kletterte der Richtzins auf 1,21 Prozent. Das zeigen die Daten von HypoPlus, der Hy...

Futurae Accelerates International Expansion with New Funding Round

Futurae Technologies AG, a Swiss authentication and transaction confirmation provider, has received a 5 million investment from a number of investors, namely the European leading financial services provider Euroclear, as well as the existing investor...

Commerzbank Signs on Google Cloud for Its Cloud Transformation Plans

Google Cloud and Commerzbank announced last week that they are expanding their collaboration by entering into a five-year, strategic partnership. With the help of Google Cloud, Commerzbank will move a significant number of its banking applications to...