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Axion Swiss Bank live with Avaloq Banking Suite

Lugano, home of Axion Swiss Bank

Axion Swiss Bank has fully replaced its legacy tech – ERI’s Olympic core banking system – with Avaloq Banking Suite.

SIX picks IBM Watson for cybercrime fight

Switzerland

SIX Securities Services, Switzerland’s post-trade market infrastructure, will use IBM Watson for its new cognitive security operations centre (SOC). The new facility will be housed at SIX’s offices in Switzerland to provide localised cybersecurity services “tailored to the needs of the region”. Robert Bornträger, division CEO SIX global IT, says IBM is a “logical partner” […]

SIX Securities Services unveils blockchain based bond issuing solution

In today's blockchain news: Digital Asset Holdings and SIX Securities Services

SIX Securities Services, Switzerland’s post-trade market infrastructure says it has developed – “and intends to deploy” – a new bond issuing solution based on the distributed ledger technology (DLT).

WIR Bank launches new payment card for SMEs in Switzerland

Switzerland to relax fintech rules

Switzerland-based WIR Bank has launched a new payment card for domestic SMEs, with tech provided by SIX Payment Services. It combines the existing functions of the proprietary WIRcard and internationally accepted Visa’s V PAY debit card.

Switzerland to amend banking rules to become fintech-friendly

Switzerland to relax fintech rules

Switzerland’s Federal Council has issued a consultation paper on amendments required to its Banking Act and Banking Ordinance, to create an environment that helps fintech start-ups thrive in the country.

Mystery surrounds Postfinance online banking outage

Postfinance

Postfinance, the fifth largest retail financial institution in Switzerland, has suffered a 24-hour outage on its online banking service – and doesn’t know the exact cause. About 1.7 million customers were affected by a total loss of electronic banking on Sunday and Monday morning (8/9 January). On Monday afternoon, things were back to normal as […]

SIX Payment Services completes Swiss Post payment terminals upgrade

Swiss Post now equipped with Ingenico's "smart" payment terminals

SIX Payment Services says it has completed the enterprise-wide upgrade of payment terminals of Swiss Post four months ahead of schedule. The new “smart” payment terminals – Ingenico’s iSC250 – are “particularly good” and “among the most innovative ones on the market”, SIX says.

Arab Bank Switzerland ditches FIS/Sungard core system for Avaloq BPO

Arab Bank (Switzerland) in tech revamp

Arab Bank (Switzerland), a private bank in Geneva, has signed a long-term deal with Avaloq for the vendor’s complete business process outsourcing (BPO) services.

Swiss plan lighter regulations to seduce fintech firms

Swiss flag

If you reduce it, they will come. Swiss ministry officials want to entice fintech firms and boost competition with new, lighter regulations. The nation’s finance ministry says the plan is to remove barriers to market entry and offer more legal certainty for the fintech space. Ministry officials say draft legislation could be sent to Switzerland’s […]

HSBC Private Bank live with new core banking system, Avaloq Banking Suite

Avaloq gets new core banking customer in Switzerland

Global giant HSBC has deployed Avaloq’s flagship core banking solution, Avaloq Banking Suite, for its private banking operations. The system is now live in Switzerland and Luxembourg.

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