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Estonia’s Mifundo Partners with CRIF Switzerland to Expand Access to Swiss Credit Data

Mifundo, an Estonia-based fintech firm developing a unified European cross-border credit data platform, has announced a strategic partnership with CRIF Switzerland, a key provider of credit risk management solutions in the country. The collaboration will see CRIF’s Swiss credit data integrated into Mifundo’s pan-European network, allowing banks across Europe to access Swiss credit histories in real time. This aims to address the difficulties Swiss professionals face when applying for financial services abroad, where banks are often unable to verify their credit background. Kaido Saar “Adding Swiss data to our platform represents another crucial step toward making banking truly borderless across Europe,” said Kaido Saar, CEO of Mifundo. “Swiss professionals contribute significantly to Europe’s economic dynamism as they work across European countries. This partnership advances our mission of creating a passportable financial identity that works everywhere in Europe by ensuring people’s credit history follows them wherever they go.” Daniel Gamma, Director Corporate Sales at CRIF Switzerland, added: Daniel Gamma “This collaboration empowers European banks with access to reliable Swiss credit data through a unified platform, essential for enabling financial inclusion. We’re proud to leverage our expertise to build infrastructure that not only benefits financial institutions but also supports the dynamic needs of mobile professionals.” The integration complies fully with GDPR and Swiss data protection regulations, providing banks with access to verified credit data to support lending decisions. Mifundo reports that using verified cross-border credit histories has led to a reduction in credit risk by up to seven times and a 15% increase in business volume for banks. CRIF Switzerland brings more than three decades of experience and a robust client base of financial institutions to the collaboration. The partnership expands Mifundo’s reach, with its platform now covering over 70% of the European population. The collaboration also aligns with the European Union’s broader objective of financial services integration, facilitating the connection of national credit systems through secure and compliant data-sharing infrastructure. Mifundo has previously secured €10 million from the European Innovation Council.   Featured image credit: Edited by Fintech News Switzerland, based on image by Who is Danny via Freepik The post Estonia’s Mifundo Partners with CRIF Switzerland to Expand Access to Swiss Credit Data appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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Swiss Marketplace Lending Hits Record CHF 21.4B, Driven by Mortgages and Public Sector Loans

2024 was a successful year for the Swiss marketplace lending industry, with all segments reporting higher volumes than 2023 with clear signs of continued momentum, according to the 2025 Marketplace Lending Report by the Lucerne University of Applied Sciences and Arts (HSLU), and the Swiss Marketplace Lending Association (SMLA). The total volume of new debt capital issued on online platforms in 2024 reached approximately CHF 21.4 billion, roughly four times the volume recorded in 2017 and representing an annual average growth rate of about 22%. Among all segments, mortgage loans and loans to public entities and corporations were key drivers of this growth. Total volume in the Swiss marketplace lending industry, 2017-2024, Source: Marketplace Lending Report Switzerland 2025, Lucerne University of Applied Sciences and Arts (HSLU) and the Swiss Marketplace Lending Association (SMLA), Jul 2025 Mortgage lending leads growth In 2024, the mortgage brokerage segment was a major growth engine for the Swiss marketplace lending industry. The segment expanded by an impressive 40% to reach a record volume of CHF 7 billion. Switzerland’s mortgage brokerage segment is currently served by ten players, all targeting professional investors such as banks, insurance companies and pension funds. Two of the most prominent ones are bank-owned: UBS key4 mortgages is the result of the integration of Atrium into UBS’ key4 platform. The platform offers UBS’ own mortgages and mortgages from third parties. BrokerMarket, by Thurgauer Kantonalbank (TKB), operates as an intermediary connecting mortgage borrowers with lenders through mortgage brokers, using a business-to-business-to-consumer (B2B2C) model. Lenders join the platform free of charge and pay a closing commission only upon successful completion. Other prominent marketplace lending platforms for mortgages include Credit Exchange, a cooperative venture between Mobiliar, Vaudoise, PostFinance, Swisscom, Bank Avera and Glarner Kantonalbank; and MoneyPark, Switzerland’s most established independent mortgage brokerage firm launched in 2012. Others include Resolve, topHypo, feyn, SwissFEX, Hypohaus, and Hypo Advisors. Marketplace lending currently accounts for about 4% of all mortgages brokered in Switzerland. Yet, according to a survey by the Institute of Financial Services Zug (IFZ), over a third of mortgage borrowers are open to arranging their mortgage through an intermediary in the future, pointing to significant growth potential for mortgage marketplace lending. Volume of mortgage brokers in Switzerland, 2017-2024 (estimated by authors), Source: Marketplace Lending Report Switzerland 2025, Lucerne University of Applied Sciences and Arts (HSLU) and the Swiss Marketplace Lending Association (SMLA), Jul 2025 Loans to public entities and corporates rebound Another highlight in 2024 was the strong performance in loans and bonds for public and near-public entities, and mid-sized and large corporations. After a slight decline in 2023, activity rebounded back to 2022 levels last year, with total volumes rising 6.2% year-over-year (YoY) to approximately CHF 14 billion. This category targets entities such as municipalities, cities, cantons, and government-related corporations, as well as mid-sized and large corporations. Investors here are typically banks and institutional and professional investors, including asset managers, family offices, and pension funds. Two platforms currently operate in this segment: Loanboox, active since 2016, offers loans to public entities, corporates, housing cooperatives, real estate funds, and companies. The platform charges a fee of one to two basis points per year, depending on country and segment, and is active in 12 European countries. Since its founding, Loanboox has transacted over CHF 30 billion across 3,500 transactions. Cosmofunding, owned by Bank Vontobel, focuses on public and corporate borrowers. Bank Vontobel generally assumes the role of a lead manager on behalf of investors, acts as the paying agent for private placements and bon issuances, and orchestrates the platform and various stakeholders. Projects are listed in an auction format for a specified period and, upon successful completion, are securitized. In 2024, traded volume on Cosmofunding achieved a YoY growth of 9.2% to reach CHF 11.9 billion, with total issuance since launch amounting to approximately CHF 46 billion in private placements, loans and bonds. The platform is now looking to expand internationally beyond the German, Austrian and Swiss (DACH) region. With online financing becoming an established option for municipalities and cantons, and corporate loans and private platforms remaining in strong demand, HSLU and SMLA expect the segment to record further growth moving forward. Loan and bond volume to public and near-public entities, and mid-size and large corporations, Source: Marketplace Lending Report Switzerland 2025, Lucerne University of Applied Sciences and Arts (HSLU) and the Swiss Marketplace Lending Association (SMLA), Jul 2025 Positive outlook for the sector Finally, crowdlending, which cover consumer loans, business loans, and mortgage-backed loans and are typically funded by a mix of private and institutional investors, also witnessed growth in 2024, with volumes rising 2% YoY to CHF 406.1 million. This marks a recovery from recent challenges, including COVID-19, economic uncertainties, inflation, and rising interest rates. With Switzerland returning to a low-interest-rate investment, the outlook for crowdlending and the broader marketplace lending sector is positive as investors are expected to increasingly turn to these platforms for stable and higher yields, the report says. In June 2025, the Swiss National Bank (SNB) cut rates by a further 25 basis points to 0%, a low-inflation environment which Switzerland has been accustomed to. A key factor behind this is the strength of the Swiss franc. As a well-known safe-haven currency, the Swiss franc tends to appreciate during periods of global market stress. This systematically pushes down the cost of imported goods and helps keep domestic inflation low. However, persistent low rates also bring challenges. Savers see returns on their deposits eroded, while banks face pressure on their margins as loan returns decline.   Featured image: Edited by Fintech News Switzerland, based on image by thanyakij-12 via Freepik The post Swiss Marketplace Lending Hits Record CHF 21.4B, Driven by Mortgages and Public Sector Loans appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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Xelix Secures US$160 Million Series B to Advance AI in Accounts Payable

Xelix, the London-based accounts payable (AP) intelligence platform, has announced the close of a US$160 million Series B funding round. The investment was led by Insight Partners, a global software investor, with participation from existing investors Passion Capital and LocalGlobe. The funding follows a period of significant and capital-efficient growth, supported by Xelix’s differentiated product offering, measurable customer ROI, and strong focus on customer success. Paul Roiter “This funding marks a major milestone in our journey,” said Paul Roiter, CEO of Xelix. “It allows us to accelerate product innovation, expand our market presence and reinforce our position as a category leader, enabling more finance teams to evolve accounts payable from a manual back-office function into a strategic, data-driven business partner.” Xelix was founded in 2018 to address long-standing inefficiencies in accounts payable processes. Many organisations continue to rely on manual workflows and outdated systems, leading to overpayments, increased fraud risks and operational bottlenecks. The company set out to build a control system that reduces risk and simplifies AP operations. Xelix’s platform currently includes three core modules: Transactions, Statements and Helpdesk. These tools audit over 115 million invoices and more than US$750 billion in spend each year, across a customer base of over 130 organisations. Notable clients include AstraZeneca, BAT, GSK and Virgin Atlantic, who have reported significant cost savings through automation and process improvement. With this investment, Xelix plans to double down on product development, expand its automation capabilities and further develop agentic AI tools for finance teams. The company also aims to scale its operations globally to support increasing demand. Xelix has also announced that Ryan Hinkle and Alessandro Luciano of Insight Partners will join its board. Both bring extensive experience in scaling high-growth software businesses and will support the company’s continued expansion. The company acknowledged the role of its customers and partners in its growth to date, noting their feedback and collaboration have been central to platform development. Xelix remains focused on delivering intelligent, practical tools that help finance teams work more efficiently and strategically.   Featured image credit: Xelix The post Xelix Secures US$160 Million Series B to Advance AI in Accounts Payable appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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SS&C Technologies to Acquire Calastone in £766 Million Deal

Calastone, a London-based global funds network and technology solutions provider for the wealth and asset management sector, has entered into a definitive agreement to be acquired by Connecticut-based SS&C Technologies in a transaction valued at approximately £766 million (around US$1.03 billion). The deal is subject to regulatory approvals and is expected to close in the fourth quarter of 2025. Following completion, Calastone will become part of SS&C’s Global Investor & Distribution Solutions division. The integration aims to enhance the group’s technological capabilities and operational scale within the global asset and wealth management ecosystem. Founded in 2007, Calastone operates the world’s largest transaction network for investment funds, linking over 4,500 financial institutions across 57 markets. Its infrastructure is used to automate trading, settlement, and distribution processes. The acquisition will combine Calastone’s fund network with SS&C’s capabilities in fund administration, transfer agency services, and automation. The combined group intends to offer a unified platform to reduce operational complexity and cost for clients. Julien Hammerson “This is a proud moment for everyone at Calastone,” said Julien Hammerson, Calastone CEO. “SS&C’s global scale and deep expertise across fund services and technology will enable us to accelerate innovation and deliver new digital capabilities to the market.” Bill Stone, Chairman and CEO of SS&C Technologies, added: Bill Stone “Calastone has built an impressive network and platform, and together we will create a more connected, automated and intelligent global fund ecosystem.” The agreement follows Calastone’s partnership with The Carlyle Group, which acquired a majority stake in the company in 2020. Since then, Calastone has expanded its international operations and product offerings, including services for ETFs and digital assets.   Featured image credit: Edited by Fintech News Switzerland, based on image by pressfoto via Freepik The post SS&C Technologies to Acquire Calastone in £766 Million Deal appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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Arsenal Partners with Airwallex as Official Finance Software Provider

Arsenal Football Club and global payments platform Airwallex have announced a multi-year partnership, with Airwallex becoming the club’s Official Finance Software Partner. As part of the agreement, Airwallex will also serve as Presenting Partner for the men’s pre-season tour of East Asia, which includes stops in Singapore and Hong Kong. The club will use Airwallex’s services throughout the tour, and both parties will collaborate long-term to improve payment systems and support other areas of Arsenal’s operations. Under the terms of the deal, Airwallex has the right to use branding from both Arsenal’s men’s and women’s first teams, and will deliver content for fans attending matches at Emirates Stadium during the Premier League and Women’s Super League seasons. Juliet Slot, Arsenal’s Chief Commercial Officer, said: Juliet Slot “We look forward to working together over the coming years to drive efficiencies across our commercial operations. Our partners are an important part of the Arsenal family, fuelling our growth and supporting the investment that will bring us sustained success.” Jack Zhang, Co-Founder and CEO of Airwallex, said: Jack Zhang “Whether it’s helping the club save time and money in their day-to-day financial operations, or creating a smoother payments experience for supporters enjoying the football experience, we believe this collaboration will create real value for football, for businesses, and for aspirational people all around the world.” The partnership follows Airwallex’s recent Series F fundraising round, which valued the company at US$6.2 billion. It also marks a continuation of the company’s involvement in global sport, now in its second year of partnership with Formula One team McLaren Racing.   Featured image credit: Edited by Fintech News Switzerland, based on image by whoisdenilo via Unsplash The post Arsenal Partners with Airwallex as Official Finance Software Provider appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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The Digital Euro: A Cashless Dream or a Functional Mirage?

Central banks worldwide are racing to digitize their currencies, hoping to meet the challenges posed by cryptocurrencies and modern payment systems. The European Central Bank (ECB) is no exception. With its Digital Euro project, it seeks to usher in a new era of central bank money – publicly issued, universally accessible, and digitally native. But can this new form of money genuinely replace physical cash? Or are we chasing a promise that technology cannot yet deliver? In a recently published study in the Journal of Risk and Financial Management, I take a critical look at this very question: Can the Digital Euro mimic physical cash in both function and quality? The answer is sobering. More than Just Ones and Zeros The ECB paints a compelling picture. The Digital Euro is to be the digital equivalent of the Euro banknote, offered by the central bank, trusted, stable, and accessible to everyone across the Eurozone. In theory, it should be as usable as a coin, just more convenient and better integrated into our digital lives. However, beneath this appealing surface lies a complex web of technological dependencies, privacy trade-offs, and structural limitations that the ECB rarely discusses with the same enthusiasm. My research builds a comprehensive analytical framework comparing physical Euro and Digital Euro across 12 classical monetary characteristics, from fungibility to portability, and 3 dimensions of quality, performance, reliability, and perceived quality. In total, 36 pairwise evaluations are conducted, producing a granular and grievous verdict. A Side-by-Side Verdict: Cash Still Rules When tested against cash, how does the Digital Euro actually fare? Better than cash? In only a few categories: portability, divisibility, and digital performance (e.g., cross-border instant payments). Equal to cash? In limited areas like scarcity, legal tender status, and unit of account. Worse than cash? In most of the rest, especially anonymity, fungibility, recognizability, offline usability, and perceived reliability. The Digital Euro lacks physical tangibility, cannot yet function offline with confidence, and inevitably requires technological mediation (smartphones, apps, servers). What’s more troubling: its current design foresees identity verification (KYC/AML) for all users, holding caps, and non-remuneration, distancing it further from the universality and anonymity of cash. Anonymity: A Dealbreaker One of the most significant deficits lies in the loss of anonymity. Unlike physical cash, which can be used peer-to-peer without a trace, every Digital Euro transaction is subject to surveillance or at least recordability. While central banks claim to value privacy, the regulatory architecture – designed to prevent money laundering and terrorism – virtually guarantees traceability. As a result, the Digital Euro will be a form of pseudonymous money at best, and not suitable for citizens wishing to retain full financial privacy. This limitation, I argue, is not a minor side effect, it is central to understanding why the Digital Euro cannot fully replace cash. Technical Fragility and Offline Inadequacy Another issue is offline functionality. Although ECB prototypes explore offline features, these are untested at scale and likely to be subject to design trade-offs. Cash, by contrast, is immune to network failures, battery issues, and software bugs. The durability and reliability of physical currency simply cannot be matched by a cloud-based CBDC today. Further, recognizability, both visually and behaviorally, is a challenge for digital currency. Unlike a familiar €50 note, the Digital Euro will not be something you “see” in a wallet. Trust will need to be built through interfaces, branding, and user experience, resulting in an uphill battle. Controlled Scarcity, But at a Price On paper, the Digital Euro will be issued by the ECB in limited quantities, preserving scarcity. But its integration into wallets comes with holding caps (e.g., €1500 – €3000 per user), making it less flexible than banknotes. Moreover, the potential programmability of the Digital Euro, while framed as an opportunity, raises concerns of monetary paternalism: money that can expire, be blocked, or be directed only to specific purchases. Such a tool may serve policy goals, but raises serious questions about sovereignty and autonomy in personal finances. The ECB’s Bold Claim Put to the Test After 36 comparisons, the verdict is clear: the claim that the Digital Euro is an electronic equivalent of physical Euro cash is rejected. The Digital Euro cannot credibly mimic all key functions and qualities of physical cash. Particularly in offline, privacy-sensitive, or trust-dependent contexts, it falls short. Conclusion: Supplement, Not Substitute The Digital Euro may yet have a future – as a cash supplement, not a replacement. It could make digital payments more inclusive, reduce reliance on private intermediaries, and enhance cross-border functionality if used voluntarily and as a supplement. But to frame it as the successor and ultimately a replacement for cash is misleading. If the ECB proceeds with the Digital Euro under current design assumptions, it risks repeating the mistake of assuming that technological progress automatically translates into functional equivalence. Thus, I remain steadfast: cash’s unique combination of privacy, simplicity, and resilience is hard to replicate and still deeply needed. In the rush toward a cashless society, my study stands as a necessary reminder: not everything that glitters in digital form is gold. This is a summary of my academic article published in the Journal of Risk and Financial Management. The full article can be obtained here (open-access). Schueffel, P. (2025). Can CBDC Mimic Cash? A Deep Dive into the Digital Euro Case. Journal of Risk and Financial Management, 18(7), 394. https://doi.org/10.3390/jrfm18070394   Featured image by Who is Danny on Freepik The post The Digital Euro: A Cashless Dream or a Functional Mirage? appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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payabl. Rolls Out SEPA Direct Debit for Incoming and Outgoing Payments

London-based fintech firm payabl. has launched SEPA Direct Debit functionality across its acquiring and business account products, enabling streamlined euro-denominated recurring payments. The update allows businesses to automatically collect recurring payments from customers via payabl.’s payment gateway, as well as automate outgoing payments such as supplier, utility, or government charges through payabl.’s business accounts. Each product is tailored to suit the operational workflows and pricing structures of its respective use case. Breno Oliveira “Whether you’re collecting from customers or paying suppliers, each product has been purpose-built to match the workflows, pricing, and operational needs of that use case, without compromise,” said Breno Oliveira, Head of Product at payabl. For merchants using payabl.’s acquiring solution, SEPA Direct Debit is now available as a customer payment method, suitable for subscription-based services and other recurring billing needs. The functionality includes hosted checkout, secure mandate setup, and automated pre-notifications to help reduce payment failures and card-related churn. Meanwhile, business account users can automate outbound payments using SEPA Direct Debit through the payabl.one portal. The feature includes real-time notifications, mandate control, and approval workflows, providing visibility and oversight across transactions in the 36 SEPA member countries. “Businesses need different solutions for different payment challenges,” Oliveira added. “That’s why we’re launching SEPA Direct Debit across both our acquiring and business account products.”   Featured image credit: Edited by Fintech News Switzerland, based on image by user16766420 via Freepik The post payabl. Rolls Out SEPA Direct Debit for Incoming and Outgoing Payments appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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European Central Bank Releases Third Progress Report on Digital Euro Preparation

The European Central Bank (ECB) has released its third progress report on the preparation phase of a digital euro, which began on 1 November 2023. This phase is focused on laying the groundwork for a potential digital euro issuance. Since the second progress report, the ECB has made further progress on the draft rulebook for the digital euro scheme. The rulebook is intended to standardise digital euro payments across the euro area and provide a modern and user-centred experience. Input from the Rulebook Development Group, which includes representatives from the European retail payments market, has contributed to improvements in the document. Additional insights were provided by ECB workstreams involving around 50 participants from over 30 organisations, as well as expert sessions on topics such as risk and dispute management. In parallel, the ECB has increased its efforts in experimentation and user research to ensure the digital euro is designed to meet the needs of its users. Through the recently launched innovation platform, around 70 market participants have carried out technical testing of features including conditional payments, and explored possible use cases for integrating the digital euro into the broader financial ecosystem. The ECB has also engaged with small businesses, vulnerable individuals and under-represented groups through interviews, focus groups and collaborations with consumer organisations. This research aims to ensure that the digital euro is inclusive and accessible. Findings are expected to be published in the third quarter of 2025. Ongoing engagement with stakeholders remains a key element of the digital euro project. The ECB has continued outreach efforts through technical meetings, workshops and individual consultations with market participants, retailers and consumers. Particular attention has been paid to how the digital euro would function within the existing European payments landscape, with the aim of complementing private sector solutions. As legislative discussions progress, the ECB has maintained its support by providing technical input to EU institutions and sharing updates with euro area finance ministers via the Eurogroup, as well as with the European Parliament. Piero Cipollone “We are pleased to see that our efforts remain on track as we keep working to deliver on the request of EU leaders to accelerate progress on a digital euro,” said Executive Board member Piero Cipollone, who chairs the High Level Task Force on a digital euro. “In light of today’s geopolitical and economic challenges, we welcome an ambitious pace for the legislative work.” The digital euro project is a collaborative initiative involving the ECB, national central banks, industry participants, consumer advocates and policymakers.   Featured image credit: Edited by Fintech News Switzerland, based on image by Who is Danny via Freepik This article first appeared on Fintech News Baltic The post European Central Bank Releases Third Progress Report on Digital Euro Preparation appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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Rise of Private USD Stablecoins Poses Global Risks to Monetary Sovereignty, Financial Stability, European Parliament Says

The European Union (EU) and the US have both taken steps to regulate digital currencies issued using distributed ledger technology (DLT). However, these jurisdictions have adopted drastically different approaches: the US favors private crypto innovation, while the EU prioritizes financial stability and monetary sovereignty. According to a new study commissioned by the European Parliament’s Committee on Economic and Monetary Affairs, the US’s stance, reflected in the proposed Guiding and Establishing National Innovation for US Stablecoins (GENIUS Act), could further strengthen the global dominance of the US dollar, posing challenges to the EU economy. By promoting stablecoin innovation in the private sector, US policy could undermine EU interests in trade and multilateral relations. It may also conflict with the EU’s policy goals for financial stability, consumer protection, monetary policy transmission, price stability, exchange rate flexibility, and anti-money laundering (AML) enforcement. Risks related to currency denomination and cross-border circulation Stablecoins pegged to a foreign currency, such as the US dollar, can create vulnerabilities for national monetary policy, the report warns. For example, EU citizens holding dollar-pegged stablecoins face exchange rate risk. If the dollar depreciates against the euro, their purchasing power declines, potentially harming consumption and investment in the EU. Widespread use of foreign-pegged stablecoins can also undermine a country’s monetary autonomy. If US dollar-pegged stablecoins circulate widely within an economy, fluctuations in the dollar’s value relative to the domestic currency could undermine the effectiveness of domestic monetary policy or even pressure the central bank to peg its currency to the dollar. This would significantly constrain monetary sovereignty, and would effectively mimic a form of “digital dollarization”. Furthermore, the increasing use of stablecoins pegged to the US dollar could weaken the international role of the euro, and reduce the euro’s attractiveness as a reserve asset. This would further entrench the dollar’s supremacy as a reserve currency. Finally, if stablecoins not regulated within the EU circulate freely in nearby regions, they could circumvent EU rules. This raises risks of money laundering and also increases the exposure of EU households and companies to additionally exchange rate and financial stability risks. Financial stability and monetary risks relating to stablecoins The report also warns of significant financial stability and monetary risks posed by stablecoins. Because these digital currencies are backed by portfolios of assets that may be illiquid or volatile, stablecoins stablecoins can suffer from liquidity and maturity mismatches. This means that during times of financial stress, users may not be able to redeem their stablecoins at face value. Stablecoin issuers also tend to chase higher yields while trying to maintain liquidity. This can lead them to shift large amounts of money across borders in response to changing interest rates, potentially disrupting national bond markets. For example, if US interest rates rise, euro-denominated stablecoin issuers might move funds from European bonds to US Treasury bills. Finally, stablecoin issuers often keep deposits in traditional banks. If they suddenly withdraw large sums to pursue higher yields elsewhere, this could strain bank liquidity and heighten the risk of a systemic crisis. Encouraging CBDCs and fast payments To counter the so-called “US cryptomercantilism”, the report advises the European Central Bank (ECB) to closely monitor the development of dollar-pegged stablecoins in the EU and limit their circulation if needed. The report also calls for the EU to promote both retail and wholesale central bank digital currencies (CBDCs) and fast payment systems as safe and efficient alternatives to stablecoins. At the same time, banks should be incentivized to offer faster, cheaper, and more user-friendly payment services, particularly for businesses, to reduce the appeal of private stablecoins in day-to-day transactions. EU regulators should also promote multilateral payment systems based on cooperation and respect for states’ monetary autonomy. A robust payments infrastructure should facilitate international cooperation, including information sharing, standardized communication protocols, and harmonized regulatory frameworks. It should also enable CBDCs to interoperate with each other and with non-CBDC fast payment systems, supporting features such as currency conversion and capital flow management. A surging stablecoin market The global stablecoin market has expanded significantly in recent years. According to DeFiLlama, the number of active stablecoins has nearly doubled, rising from 136 at the start of 2024 to 259 in June 2025. Number of active stablecoins, Source: CoinDesk Data, and DeFiLlama, June 2025 In June, the stablecoin market reached an all-time high of US$251 billion, according to CoinDesk’s Stablecoins and CBDCs Report. Corporate enthusiasm has fueled much of this surge, with companies like Walmart, and Expedia exploring their own stablecoins to streamline global payments, reduce processing fees, and lessen reliance on traditional financial infrastructure, the Wall Street Journal reports. Companies owned by Wall Street giants such as JP Morgan Chase, Bank of America, Citigroup, and Wells Fargo are also considering launching a joint stablecoin. Total stablecoin market capitalization and monthly trading volume, Source: CoinDesk Data, June 2025 Favorable regulatory developments have further boosted the sector. On June 27, the US Senate passed the GENIUS Act with strong bipartisan support in a 68-30 vote. The legislation aims to regulate the stablecoin market, creating a clearer framework for banks, companies and other entities to issue digital currencies. The US House of Representatives is expected to vote on the GENIUS Act this week.   Featured image: Edited by Fintech News Switzerland, based on image by sodawhiskey and Dang Pham via Freepik The post Rise of Private USD Stablecoins Poses Global Risks to Monetary Sovereignty, Financial Stability, European Parliament Says appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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French Fintech Spiko Raises $22M to Help European SMEs Unlock Idle Cash

Spiko, a Paris-based fintech that helps businesses earn interest on idle cash through government-issued securities, has raised US$22 million in a Series A funding round led by Index Ventures. Founded in 2023 by former French government advisers Antoine Michon and Paul-Adrien Hyppolite, Spiko enables smaller companies to extract returns from funds that would otherwise remain dormant in their bank accounts, Sifted reported. The round also drew backing from a notable group of angel investors, including Revolut CEO Nik Storonsky, Wise CTO Harsh Sinha, and all seven co-founders of French software unicorn Pennylane. Other participating investors include White Star Capital, Frst, Rerail, Bpifrance, and Blockwall. Spiko’s model is built on the premise that the US has historically outperformed Europe in liquidity, how quickly assets can be converted to cash, largely due to deeper capital markets and a more unified regulatory landscape. In contrast, Europe remains fragmented by country-specific laws and banking practices. The startup aims to narrow that gap by making it easier for smaller businesses to earn interest on low-risk assets, such as treasury bills (T-bills), which are short-term debt securities issued by governments in the EU and the US. Fund shares are tokenised and recorded on a blockchain ledger, allowing transfers via stablecoins. Customers can top up with digital currencies and withdraw in fiat, or the other way around. By simplifying access to T-bills, Spiko allows smaller European firms to unlock liquidity and improve returns. The company charges an annual management fee of 0.25% on deposited funds. Paul-Adrien Hyppolite “In Europe, there’s a mistaken belief that your money won’t earn interest unless you lock it away or take on risk,” said Hyppolite. “But as long as central bank rates are above zero, sitting on idle cash means European businesses are missing out on returns that US competitors routinely receive.”     Featured image credit: Edited by Fintech News Switzerland, based on image by wirestock via Freepik The post French Fintech Spiko Raises $22M to Help European SMEs Unlock Idle Cash appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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Swiss Crowdfunding Stabilizes After Years of Decline with Signs of Stagnation

In 2024, the Swiss crowdfunding market showed signs of stabilization after years of decline. According to a new report by the Lucerne University of Applied Sciences and Arts, the volume of successful funded campaigns on Swiss crowdfunding platforms reached a financing volume of CHF 550.2 million, representing a slight year-over-year (YoY) decline of 1.5%. This is a marked improvement compared to the sharper drops of 16.4% in 2022 and 15.6% in 2023. The number of successful funding campaigns also decreased slightly by 0.5% to 4,071. Financing volume of the total Swiss crowdfunding market from 2008 to 2024, Source: Crowdfunding Monitor 2025, Lucerne University of Applied Sciences and Arts, Jun 2025 This year’s Crowdfunding Monitor Schweiz report, released in June, reveals that Switzerland is now home to 38 crowdfunding platforms. However, only 23 reported financing activity in 2024. This is the same number as the previous year, further showcasing market stagnation. Last year, three platforms exited the market (GoBeyond, Neocredit, and Yeswefarm), while two new platforms launched (Imvesters, and Solarify). Active crowdfunding platforms in Switzerland as of April 2025, Source: Crowdfunding Monitor 2025, Lucerne University of Applied Sciences and Arts, Jun 2025 Despite this stagnation, the report found that more Swiss consumers are participating in crowdfunding. In 2024, around 280,000 people supported at least one crowdfunding campaign, a significant increase fo 40% from 200,000 in 2023, and up 55% from 180,000 in 2019. Crowdlending drives the market In 2024, crowdlending remained the backbone of the Swiss crowdfunding market, making up for most of crowdfunding activity. Crowdlending was also the only segment to record YoY growth in lending volume. Crowdlending campaigns, where numerous investors lend money to individuals or institutions, secured a total of CHF 406.1 million in 2024, a 2% YoY increase. These loans were issued through eight platforms, among which Swisspeers, Cashare, and Lend/Splendit. Crowdlending accounted for more than three-quarters of the total crowdfunding volume. Within crowdlending, the business segment totaled CHF 133.6 million, growing only marginally by 0.6% compared to 2023. These loans were mainly used for project financing, debt restructuring, and short-term liquidity needs. Consumer crowdlending grew more dynamically, with loans to private individuals rising 19.1% YoY to CHF 73.1 million. These loans were mainly used for debt consolidation, education, vehicle purchases, travel, or weddings. In contrast, real estate crowdlending declined, falling 2.2% YoY to CHF 199.4 million. Financing volume of all crowdlending segments from 2012 to 2024, Source: Crowdfunding Monitor 2025, Lucerne University of Applied Sciences and Arts, Jun 2025 Despite growth, crowdlending remains a niche market, accounting for only a tiny share of the overall lending market. In 2024, Swiss consumers took out 116,716 new loans totaling approximately CHF 4.2 billion. Of these, only 1,641 loans (or 1.4%) were done through crowdlending. Similarly, the Swiss mortgage market sees CHF 150 to 180 billion in new or renewed loans annually. This makes the CHF 199.4 million financed through crowdlending platform negligible by comparison. The same applies to business lending, where banks hold CHF 402.9 billion in business loans on their balance sheets, dwarfing the CHF 133.6 million facilitated through business crowdlending platforms in 2024. Real estate dominates crowdinvesting Equity-based crowdfunding, or crowdinvesting, where investors acquire company shares, remained prominent in the Swiss crowdfunding landscape. In 2024, a total of 78 successful crowdinvesting campaigns were completed, up from 55 in 2023. However, the total volume declined by 10.9% YoY to CHF 117.1 million. Within the segment, real estate continued to lead, accounting for CHF 99.5 million, or a staggering 85% of the crowdinvesting market. Most of this volume came from Crowdhouse, Conda, and Foxstone, the three prominent crowdinvesting platforms in Switzerland. Minimum investment amounts typically start at several tens of thousands of CHF, with the average investment per investor at about CHF 75,000 in 2024. Financing volume of crowdinvesting from 2012 to 2024, Source: Crowdfunding Monitor 2025, Lucerne University of Applied Sciences and Arts, Jun 2025 Globally, crowdfunding has become an established and reliable way for businesses and consumers to secure funding. North America currently leads that market, with digital capital raising volumes reaching US$36 billion in 2023, according to German data platform Statista. Europe follows with nearly US$10 billion, driven primarily by crowdlending activities. Within Europe, the UK is the largest hub for digital capital raising, followed by Germany and Italy. The UK and Germany also lead in platform density, with each hosting over 100 active crowdfunding platforms in 2023. However, as in Switzerland, many of these platforms hold only a small share of the overall lending market and operate with a relatively limited base of backers. Many reported fewer than 500 active investors in 2022.   Featured image: Edited by Fintech News Switzerland, based on image by smmedia.io via Freepik The post Swiss Crowdfunding Stabilizes After Years of Decline with Signs of Stagnation appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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BlackRock’s Bitcoin ETF Becomes Top Revenue Driver, Surpasses S&P 500 Fund

BlackRock’s bitcoin exchange-traded fund (ETF) is becoming a major revenue generator for the asset manager. According to Bloomberg, the roughly US$75 billion iShares Bitcoin Trust ETF (IBIT) earns an estimated US$187.2 million in annual fees at a 0.25% expense ratio, surpassing the US$187.1 million from the firm’s core iShares S&P 500 ETF (IVV). IBIT is now the third highest revenue-generating ETF for BlackRock across nearly 1,200 funds, says Eric Balchunas, a senior ETF analyst for Bloomberg. BlackRock is the world’s largest asset manager with US$11.5 trillion in assets under management (AUM) as of 2024. Its long-established IVV fund, launched in 2000 and based on the S&P 500 index, is one of its cornerstone offering, managing around US$624 billion in assets and charging an ultra-low expense ratio of just 0.03%. IBIT is BlackRock’s spot bitcoin ETF that allows investors to gain direct exposure to the cryptocurrency. Launched in January 2024, the fund has attracted massive inflows from institutional and retail investors alike at more than US$50 billion, posting a positive net flow for all 18 months except one. Today, IBIT is the largest bitcoin spot ETF in the world, with over 700,000 bitcoins in AUM, according to Farside data, and now accounts for about 3.52% of total bitcoin share. Bitcoin spot ETF cumulative flow (US$ million), Source: Farside Investors, Jul 2025 “IBIT overtaking IVV in annual fee revenue is reflective of both the surging investor demand for Bitcoin and the significant fee compression in core equity exposure,” Nate Geraci, President at NovaDius Wealth Management, told Bloomberg. “Although spot bitcoin ETFs are priced very competitively, IBIT is proof that investors are willing to pay up for exposures they view as truly additive to their portfolios.” IBIT’s fee is in line with other Bitcoin ETFs, which range from 0.15% for Grayscale’s Mini Bitcoin ETF (BTC) to as high as 1.5% for its flagship Bitcoin Trust ETF (GBTC). Crypto ETF inflows skyrocket Investor demand for crypto ETFs has surged this year amid a sharp rise in the price of cryptocurrencies. On July 10 and 11, 2025, bitcoin ETFs saw two consecutive days of over US$1 billion in inflows, with a record US$1.18 billion on Thursday alone. This surge coincided with bitcoin hitting an all-time high of US$119,000 on July 14, 2025, up 57% since April, according to CoinMarketCap data. Ether ETFs are also seeing record inflows. On July 10, US spot ether ETFs attracted a total of US$383.1 million in net inflows. BlackRock’s iShares Ethereum Trust (ETHA) led with a record of US$300.9 million in net daily inflows, according to data from The Block. Fidelity’s FETH, Grayscale’s ETH and ETHE, Bitwise’s ETHW, and VanEck’s ETHV, registered US$37.3 million, US$20.7 million, US$18.9 million, US$3.2 million, and US$2.1 million in net daily inflows, respectively. The capital flood has helped fuel the rebound of ether to US$3,000, its highest price in nearly five months. Spot ether ETF flows, Source: The Block, Jul 2025 Favorable regulatory developments Investors have been anticipating cryptocurrencies to hit fresh records this year as corporate treasuries accelerate their bitcoin buying sprees and the US Congress nears the passing of new crypto legislation. The US House of Representatives began deliberations on a series of crypto bills this week in what has been dubbed “Crypto Week.” The potential laws are aimed at providing a clearer regulatory framework for the digital asset industry. Meanwhile, the US Securities and Exchange Commission (SEC) recently released guidance clarifying how issuers of crypto asset exchange traded products (ETPs) such as bitcoin and ether ETFs should comply with US federal securities disclosure laws. This clarity could lead to an influx of applications for crypto ETFs for assets such as Solana, and Ripple’s XRP, experts told Fortune. “The floodgates are basically completely open right now as to what can be introduced,” Andy Martinez, CEO of Crypto Insights Group, a digital asset data provider, told the media outlet. “It’s quite a long process, and with guidance like this, part of the initiative is to reduce that time to launch significantly […] We anticipate seeing much more capital coming into the crypto investment products.” Crypto ETFs first emerged in the US in early 2024, with the SEC approving 11 spot bitcoin ETFs that saw US$4.7 billion in trading volume on day one. Ethereum ETFs followed in July 2024. These products have gained traction by making it easier for investors to gain exposure to cryptocurrencies through traditional stock exchanges and familiar brokerage accounts. With crypto ETFs, investors no longer need to buy, store, or manage cryptocurrencies directly, benefiting instead from familiar trading processes. As of July 07, there were 76 ETFs listed in the US that track crypto spot and future prices. Bitcoin and ether products made up the overwhelming majority of crypto ETFs, according to Fortune.   Featured image: Edited by Fintech News Switzerland, based on image by thanyakij-12 via Freepik The post BlackRock’s Bitcoin ETF Becomes Top Revenue Driver, Surpasses S&P 500 Fund appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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Citigroup Explores Launch of Own Stablecoin

Citigroup is considering issuing its own stablecoin, as revealed by CEO Jane Fraser during a post-earnings call. The move is part of the bank’s broader digital assets strategy, which includes reserve management and crypto custody services, aiming to strengthen its position in the digital payments space. Fraser pointed to the supportive regulatory framework under the Genius Act, which enables banks to participate more fully in digital assets. The initiative would place Citigroup alongside peers such as JPMorgan, which has already piloted a token solution. A Citi stablecoin could challenge established players like USDC and USDT, positioning the bank as a major force in digital finance, according to AInvest. Beyond issuing a stablecoin, Citigroup is also exploring related services such as custody and reserve management, indicating a comprehensive approach to digital finance. The move reflects the growing convergence of traditional banking with blockchain technology, following industry trends towards tokenisation and improved transaction infrastructure. A potential Citigroup stablecoin could improve transaction efficiency and security, meeting rising demand for digital financial solutions and helping the bank remain competitive in a rapidly evolving financial landscape.   Featured image credit: Edited by Fintech News Switzerland, based on image by hammadalikhn via Freepik The post Citigroup Explores Launch of Own Stablecoin appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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Glarix: Glarner Cantonal Bank Centralizes Online Platforms in One Place

Under the motto “Completely Digital,” Glarner Kantonalbank (GLKB) is launching Glarix.ch, a new online platform. To mark the launch of Glarix, customers can benefit from an attractive interest rate on the digital Glarix savings account, as well as the chance to win tickets for ESAF 2025. As part of the 47th Federal Wrestling Festival (Eidgenössisches Schwingfest), GLKB is offering an attractive 0.47% interest rate on new deposits of CHF 10,000 or more into the new Glarix savings account. Customers can benefit from this interest rate until the end of October 2025. At launch, there are also offers available on the mortgage platform hypomat.ch. In addition, Glarix features a quiz where ESAF tickets can be won. Glarix is set to be continuously expanded and enhanced with new features and terms. Sven Wiederkehr “Glarner Kantonalbank is creating with Glarix a central point of contact for anyone who wishes to experience banking digitally, modern, intuitive, and offering added value. ‘Completely digital’ is not just a motto, but also a promise of an offering that will continue to evolve and develop in the future”, said Sven Wiederkehr, CEO of Glarner Kantonalbank.     Featured image: Edited by Fintech News Switzerland, based on image by Glarner Kantonalbank The post Glarix: Glarner Cantonal Bank Centralizes Online Platforms in One Place appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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Financial Institutions Prioritise Cloud for AI and Operational Resilience

Financial services firms globally are accelerating their adoption of cloud technologies, focusing on long-term agility, resilience, and innovation rather than cost-cutting, according to new research by the London Stock Exchange Group (LSEG). A global survey of 453 financial services executives found that 87% of firms have increased cloud investment over the past two years. Rather than cost reduction, firms are prioritising strategic benefits such as scalability, revenue growth, and the enablement of artificial intelligence (AI). The research also highlights that 82% of firms now use either multi-cloud or hybrid-cloud strategies, a trend reflecting the need for flexibility and risk diversification. Source: LSEG Regulatory compliance has become a key consideration, with 84% of respondents reporting they have modified their cloud strategies in response to evolving regulations such as the EU’s Digital Operational Resilience Act (DORA) and the General Data Protection Regulation (GDPR). Stuart Brown, Group Head of Data & Feeds at LSEG, commented: Stuart Brown “The results of our survey show that adopting cloud is no longer a technology or engineering led decision; it is a key business imperative. Companies are increasingly driving meaningful value from cloud, improving operational resilience, and preparing for the next wave of innovation.” “Over the next three years, that innovation will be driven by AI and machine learning, with financial institutions increasingly using cloud to power fraud detection, risk management, data analytics and generative AI.” Security concerns persist, with 47% of respondents citing sophisticated cyberattacks as their main concern, followed closely by worries around data privacy and breaches. Nevertheless, 92% consider operational resilience a critical or very important factor when selecting a cloud provider, reflecting the emphasis on trust and reliability in cloud partnerships. Source: LSEG More than half (54%) of respondents reported that their organisations have completed cloud migration and are realising benefits, particularly in areas such as risk management, customer engagement, and enterprise-wide data access. Of those using cloud for risk management, 83% have completed migration, the highest among all identified use cases. Return on investment is increasingly viewed through a strategic lens. While only 34% of firms prioritise immediate cost savings, 51% assess cloud success by scalability, 47% by revenue growth, and another 47% by improvements in security and resilience. Despite this shift, 61% still report reduced IT infrastructure costs, especially in EMEA and APAC, where regulatory considerations have driven broader adoption of multi-cloud approaches. The study also indicates that 91% of firms are currently using or planning to use cloud for AI-related initiatives within the next 12 months. Source: LSEG Generative AI (60%), fraud detection (50%), and risk management (50%) emerged as the top use cases. Additionally, 84% of respondents described their firms as somewhat or very advanced in AI adoption, with investment firms leading this trend. Looking ahead, many firms are re-evaluating their preferred cloud service models. While Software as a Service (SaaS) remains the most common (43%), there is growing interest in Platform as a Service (PaaS) and Infrastructure as a Service (IaaS), indicating a potential move towards more custom-built, in-house applications.   Featured image credit: LSEG The post Financial Institutions Prioritise Cloud for AI and Operational Resilience appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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Signicat Acquires Inverid to Expand Identity Verification Capabilities

Signicat, a Norway-based digital identity platform, has acquired Inverid, a Dutch company specialising in NFC-based identity verification, for an undisclosed amount. The deal sees Inverid’s majority shareholder, Main Capital, and the company’s founders reinvest a significant portion of the proceeds into Signicat. The acquisition brings Inverid’s ReadID technology under Signicat’s platform. ReadID, launched in 2014, was the first mobile identity verification solution based on NFC technology and is used by both public and private sector clients. It holds certifications including ISO27001, ISO27701, SOC2 Type II, and eIDAS Level of Assurance High. Asger Hattel “Inverid’s NFC-based solution enhances our document verification capabilities,” said Asger Hattel, CEO of Signicat. “This transaction supports our goal of offering robust fraud prevention tools while improving digital identity processes.” Maarten Wegdam, CEO of Inverid, said the companies share cultural and regional foundations. Maarten Wegdam “The market is shifting towards secure, integrated solutions. By combining our technology with Signicat’s platform, we are well-positioned to meet this demand.” Inverid’s clients include Rabobank, Frontex, and government agencies in the UK and Denmark. The company has expanded significantly in recent years, opening an R&D hub in Valencia and tripling its revenue under Main Capital’s ownership. Signicat has grown through a combination of organic product development and strategic acquisitions. Its platform includes mobile authentication, video-based identity verification, and fraud prevention tools.   Featured image credit: Signicat The post Signicat Acquires Inverid to Expand Identity Verification Capabilities appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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EU Grants MiCA Licenses to 53 Crypto Firms

Six months into the implementation of the Markets in Crypto-Assets (MiCA) regulation for crypto-asset service providers (CASPs), and one year since the rules came into force for stablecoin issuers, regulatory progress continues across the European Union. Circle Executive Patrick Hansen shared an update on social media detailing the number of entities currently authorised under the MiCA framework. As of July, fourteen firms from seven EU member states have been approved to issue e-money tokens (EMTs), commonly referred to as fiat-backed stablecoins. These firms are issuing a total of twenty EMTs, of which twelve are euro-denominated, seven are backed by the US dollar, and one is tied to the Czech koruna. Source: Patrick Hansen via X Thirty-nine companies have so far received CASP licences under MiCA, with activity spread across nine EU and EEA countries. The current list includes a mix of traditional financial institutions, fintech companies, and crypto-native firms. Countries such as Germany and the Netherlands account for the largest number of licensed providers, while other jurisdictions including Malta, France, Luxembourg, Austria, Cyprus, Spain, and Ireland have also issued approvals. No asset-referenced token (ART) issuers have been authorised to date, which Hansen suggested may point to limited demand in that segment. Around thirty whitepapers have been submitted under MiCA Title II provisions for crypto-assets such as bitcoin and ether. Several national transition periods have now concluded, including in the Netherlands, Poland, Hungary, Latvia, Slovenia, and Finland. The Dutch Authority for the Financial Markets currently leads in the number of MiCA licences granted. More than thirty-five firms have been identified as non-compliant CASPs, with the Italian financial regulator CONSOB issuing most of these notices. Source: Patrick Hansen via X Under MiCA, authorised providers are permitted to passport their services across thirty countries in the European Economic Area. Further updates on regulatory adoption are expected at the nine-month mark in September 2025.   Featured image credit: Edited by Fintech News Switzerland, based on image by artjazz via Freepik The post EU Grants MiCA Licenses to 53 Crypto Firms appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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3a Pension Fintech VIAC Reaches CHF 5 Billion in Assets Under Management

Basel-based pension fintech VIAC has announced it has exceeded CHF 5 billion in assets under management. Founder Daniel Peter shared the update in a recent interview with Handelszeitung, noting the milestone follows steady growth since the company’s launch in late 2018. At the end of 2024, VIAC managed CHF 4.3 billion, as reported in the annual report of Bank WIR, which manages VIAC’s accounts. The company attributes its growth to a lean structure and a focused strategy. VIAC currently employs only 20 staff members. Its new investment offering, introduced at the beginning of 2025 and not subject to pillar 3a restrictions, has attracted approximately 20,000 customers. According to Marketing Director Michel Schnyder, around CHF 250 million has already been invested under this product. VIAC currently has 125,000 customers in total. The company’s fully digital model for investing pillar 3a pension funds in ETFs at low cost has served as a reference point for other institutions. One such example is the Zürcher Kantonalbank, whose digital offering Frankly closely mirrors the VIAC model. Peter stated, Daniel Peter “Our goal is to lower barriers and offer everyone a smart and fair way to invest money.” VIAC has been expanding its range of services beyond pillar 3a. The platform now supports investments of vested pension benefits, and in collaboration with Bank WIR, also distributes mortgage loans. Bank WIR, which holds a 40% stake in VIAC AG, highlighted the company as an increasingly important source of income in its annual report. The fund management company VIAC Invest AG is wholly owned by Bank WIR. Traditionally focused on SMEs and known for its alternative currency, Bank WIR has broadened its portfolio through its involvement with VIAC.   Featured image credit: VIAC  The post 3a Pension Fintech VIAC Reaches CHF 5 Billion in Assets Under Management appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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SNB Extends Project Helvetia and Broadens Tokenised Asset Settlement Trials

As part of its ongoing exploration into the settlement of tokenised assets using central bank money, the Swiss National Bank (SNB) has announced the extension and expansion of Project Helvetia. Since late 2023, the SNB has been piloting the provision of wholesale central bank digital currency (CBDC) for financial institutions on the SIX Digital Exchange trading and settlement platform. Following an internal evaluation, the SNB has decided to continue the pilot for at least another year, extending its duration until mid-2027. This continuation does not constitute a commitment to the permanent introduction of wholesale CBDC. In parallel, the SNB is expanding the project to include the settlement of tokenised assets via traditional central bank money through a real-time gross settlement (RTGS) link. To support this effort, the SNB is granting BX Digital, a financial market infrastructure planning to operate a trading venue for tokenised assets, access to a production-environment connection with the existing Swiss Interbank Clearing (SIC) system. Both settlement approaches were initially tested during the first phase of Project Helvetia. Their implementation in a live production environment is expected to offer further insights into their respective operational benefits and limitations.   Featured image credit: Edited by Fintech News Switzerland, based on image by rawpixel.com via Freepik The post SNB Extends Project Helvetia and Broadens Tokenised Asset Settlement Trials appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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Slovenia to Introduce New Digital Nomad Visa in November 2025

Slovenia is preparing to join the growing list of countries offering visas tailored to digital nomads and remote workers. Starting November 21, 2025, foreign nationals will be able to apply for a one-year, non-renewable remote work residence permit, allowing them to reside in the country while working either as an employee of, or contractor for, a foreign-based business, or in a self-employed capacity, according to immigration firm Fragomen. Slovenia’s digital nomad visa scheme will create a new immigration pathway for foreign remote workers, which was previously unavailable. It aligns with a global trend of attracting location-independent professionals to boost economies through spending on accommodation, tourism, and services. The visa program will be available to foreigners employed or working under a contract with a business based outside Slovenia, or self-employed and providing services to non-Slovenian clients using digital technologies. Family members of permit holders will also be able to obtain a residency permit of equivalent length. Applicants will need to demonstrate sufficient income under government guidelines by providing salary contracts, payslips, and bank statements, though the minimum income threshold has yet to be announced. They will be able to submit their application in person or by post at either a consular post, or at an administrative unit. Foreign nationals already in Slovenia will be able to apply locally, and will receive a certificate serving as a temporary residence permit until a final decision is made. The digital nomad visa will be valid for one year and non-renewable. However, six months after the visa expires, holders will be able to submit a new application for the same permit. Slovenia: advanced infrastructure, and affordable living Located in Central Europe and bordered by Italy, Austria, Hungary and Croatia, Slovenia is renowned for its natural beauty, sustainable tourism, and reputation as one of Europe’s greenest and safest countries. It’s also a compelling option for remote workers, offering affordability and high quality of life, but also advanced digital infrastructure. In 2024, Slovenia’s consumer goods and services price level was about 10% below than the European Union (EU) average. It’s also lower than its neighboring countries of Italy by about 7.5% and Austria by 20%. Price level index for final household consumption expenditure 2024, Source: Eurostat, Jun 2025 At the same time, Slovenia offers reliable high-speed Internet and advanced connectivity infrastructure. For example, fibre to the Premises (FTTP) coverage currently stands at 78.5% of households, well above the EU average of 64%, according to the European Commission. Finally, being part of the Schengen Area further enhances Slovenia’s appeal, enabling visa holders to travel freely across 27 European countries with ease. This makes it seamless and convenient to explore and network across multiple destinations while being based in one country. The rise of digital nomad visas Slovenia’s new digital nomad visa places the country among the rising number of jurisdictions that offer digital nomad visas. Globally, nearly half of all destinations now offer similar schemes, with popular ones in Europe that include Italy, Spain, and Hungary. Digital nomad visas are special visas that allow foreign professionals to work remotely from the issuing state mainly for foreign employers. Most schemes typically permit holders to stay for up to a year, and exempt them from local income taxes. They also often offer streamlined application process that can be done online. Digital nomad visas are usually introduced to boost local economies. By welcoming remote workers for extended periods, countries aim to benefit from increased spending, skills transfer, and cultural exchange, while also regulating the emerging digital nomad trend. One research estimates that if Greece attracted 100,000 digital nomads each year, with an average duration of stay of six months, the country’s economy could be boosted by over EUR 1.6 billion.   Featured image: Edited by Fintech News Switzerland, based on images by Art of Innovation and EyeEm via Freepik The post Slovenia to Introduce New Digital Nomad Visa in November 2025 appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.

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