SwitzerlandRSS

PoC-ketful of fintech pinnacles for Kickstart Accelerator

startup - FOT A

Fintech is running like clockwork in Switzerland as over 30 proof of concepts (PoCs) and partnerships have been secured at Zurich-based Kickstart Accelerator’s tech programme. The accelerator – an initiative of digitalswitzerland and operated by Impact Hub Zurich – saw 29 start-ups as well as an intrapreneur team from AXA Winterthur and Swisscom working in […]

Raiffeisen Switzerland sheds its stake in core banking tech vendor Avaloq

Switzerland

Raiffeisen, the third largest banking group in Switzerland, is selling its 10% stake in core banking tech vendor Avaloq to private equity firm Warburg Pincus.

Edmond de Rothschild live with new core banking system, Avaloq Banking Suite

Edmond de Rothschild logo

Banque Privée Edmond de Rothschild (EDR) has gone live with a new core banking platform for its Swiss operations, Avaloq Banking Suite, supplied by Avaloq.

Falcon plans to feather more nests with new digital platform

falcon logo

Zurich-based Falcon Private Bank has unveiled a new digital platform, Falcon Pulse, as it looks to boost its ambitions in wealth management. Main features will include an algo trader that daily rebalances a portfolio’s asset allocation to “optimise” performance as well as an idea generating tool that will screen market information to offer the “best […]

Luxoft Financial Services acquires Unafortis for new global Avaloq practice

Luxoft goes shopping

Luxoft Financial Services is moving into the Avaloq implementation and consulting business with the acquisition of Unafortis, a Swiss wealth management consultancy firm.

ERI and Swisscom team for hosted core banking tech and ops

Outsourcing

Switzerland-based core banking software provider ERI has joined forces with another domestic IT firm Swisscom to offer private-banking and wealth management outsourcing services to banks and financial institutions operating in the Swiss financial centres.

The end of IBIS3G core banking system?

BEKB/BCBE

Berner Kantonalbank (Banque Cantonale de Berne or BEKB/BCBE), one of the last users of the IBIS3G core banking system, is pondering the system’s future as the contract with system provider is terminated.

Falcon Private Bank flies into blockchain asset management nest

Switzerland

Falcon is the “first” Swiss private bank to provide blockchain asset management solutions for its clients through a new co-operation with crypto financial broker Bitcoin Suisse. The bank’s clients can exchange and hold Bitcoins via Falcon using their cash holdings. Additionally, a Bitcoin ATM has been installed in the lobby of the bank’s headquarters in […]

Vontobel pioneers SIX Securities Services’ Advanced Settlement solution

Vontobel

Swiss wealth manager Vontobel has become the first taker of SIX Securities Services’ Advanced Settlement offering.

Vontobel in digital banking transformation with Appian

Vontobel in digital banking revamp

Appian, a US-based provider of low-code application platform, says it has been enlisted by Vontobel Bank “to execute its digital transformation strategy across all business divisions”.

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