SwitzerlandRSS

Double Swiss bliss for Finnova banking software

Switzerland

Switzerland-based Finnova’s service partner InCore Bank has migrated private banks Arner Bank and Bank von Roll to its private banking hub. The hub now has 16 financial institutions, making it Switzerland’s “largest multi-tenant tower” based on Finnova Banking Software. InCore is a transaction bank which operates within the Swiss and Liechtenstein markets, and offers business […]

SIX and Credit Suisse play same game with ATM software launch

Switzerland

SIX and Credit Suisse have unveiled ATMfutura – a cash dispenser which displays the same user interface and guidance on all ATMs in Switzerland. SIX and its partners were commissioned by Swiss banks to develop the centralised multivendor software and it is planned to function on all bank ATMs in the alpine nation from 2018. […]

Switzerland’s Hypothekarbank Lenzburg goes open banking

Switzerland

Switzerland’s Hypothekarbank Lenzburg is opening up its Finstar core banking system to fintech firms with the use of APIs. The bank has signed an agreement with German software firm NDGIT, which supplies the APIs, and the implementation at Hypothekarbank Lenzburg will be completed by the end of May. Once implemented, its data and services will […]

Schweizerische Mobiliar Asset Management moves to Profidata Xentis

Switzerland

Bern-based Schweizerische Mobiliar Asset Management has implemented Profidata’s Xentis investment management system for its insurance, pensions and fund management businesses. Profidata, which is also based in Switzerland, says it was a “challenging project” to roll out the system within a time frame of 17 months. Xentis replaces various legacy applications, “makes several interfaces redundant and […]

FIS sheds Ambit Private Banking core software business

UBS and StatPro agree acquisition deal

FIS has sold its Swiss core banking software business, Ambit Private Banking, which it inherited with the acquisition of Sungard, to New Access Banking Software.

SIX teams with DTCC to issue legal entity identifiers in Switzerland

Switzerland

SIX Securities Services, which runs the central securities depository (CSD) for Switzerland, is partnering with the Depository Trust & Clearing Corporation (DTCC) to offer legal entity identifiers (LEIs) for Swiss entities. According to SIX, LEIs were devised to provide insight into corporate entities with the aim of reducing cross-platform risk exposure. By providing LEIs together, […]

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.

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