back Back

4 exciting Swiss FinTech companies disrupting the financial space

By Megha Bhattacharya

December 17, 2020

  • Numbrs
  • Switzerland
  • Temenos
Share

FinTech, ASEAN, trends, blockchain, Artificial intelligence, remittances, digital banking, Augmented Reality, financial inclusion, RegTech, Security, lendingThe number of FinTech start-ups is rapidly growing in Switzerland, along with the amount of funding they receive from venture capitalists. FinTech companies in Switzerland benefit from low corporate and individual tax rates, a sandbox license for start-ups, a high number of double tax treaties and pragmatic authorities. The Swiss Venture Capital Report 2018 reported that from 2016 to 2017, total investment into Swiss FinTechs rose by 61.8% to CHF 75.7 million.

Check out these 4 exciting Swiss FinTech companies –

  1. Temenos

Headquartered in Geneva, Temenos specializes in enterprise software for banks and financial services. Temenos offers core banking systems to retail, corporate, universal, private, treasury, fund administration, Islamic, microfinance and community banks.

Recently, Temenos announced that Alpian SA has selected its Temenos Transact, core banking and Temenos Payments delivered as SaaS for enhancing its digital private banking and wealth management services in Switzerland.

According to Temenos, the SaaS technology will enable Alpian to launch its new bank and banking services focused on the mass affluent (those with investible assets of between CHF 100k – 1 million).

  1. Avaloq

Founded in 1985, Avaloq is a Swiss FinTech company that develops and provides software for core banking. It currently has around $353 million in funding. The country has around 63 FinTechs with total funding amount to a billion.

The company has a fully integrated banking software and creates digital experiences provided through a standardised Business Process as a Service (BPaaS) or Software as a Service (SaaS) model to banks and wealth managers.

Avaloq recently announced that Sberbank (Switzerland) has gone live with its Software as a Service solution. The implementation is expected to boost the financial institution’s growth project. Headquartered in Zurich, Sberbank (Switzerland) provides a range of corporate client and financial-market services that include trade finance, structured finance, transaction banking and global market products. It is a part of Sberbank Group, a banking group in Russia, Central and Eastern Europe.

  1. additiv

Founded in 1998 and headquartered in Zurich, additiv enables financial institutions to capitalise on digitalisation. Its DFS solution lets FIs launch new propositions quickly and allows them to maximise customer engagement.

Swiss FinTech Sparbatze recently announced the launch of its fully digital pension services in collaboration with three industry partners, including Zuger Kantonalbank, additiv, and Qcentris. Zuger Kantonalbank will assume the responsibility of the custodian and will strengthen the digital proposition with the provision of fund accounts for an external asset manager.

additiv also announced that it has expanded its operational locations to include a new European head office in Frankfurt, Germany. The new establishment will be focused on the European customers and will be responsible for increasing the company’s customer base within the region.

  1. Numbrs

Zurich-based FinTech Numbrs is an app that aggregates multiple bank accounts and enables the users to link multiple bank accounts to the platform to track and manage their income and expenses. It automatically categories the expenses and income of the user.

Users can also set saving goals and financial goals. The FinTech allows for the transfer of money to SEPA countries, provides notifications and reminders of scheduled payments and budget updates.

Recently, TrueLayer partnered with multi banking app Numbrs in a bid to offer open banking services to the latter’s users in the UK. The integration will leverage TrueLayer’s Data and Payment APIs for enabling Numbrs’ users to combine their external bank accounts in one place.

ALSO, READ: Global FinTech Use Cases in Financial services by IBS Intelligence 

Previous Article

December 17, 2020

Broctagon and Elite Consulting Group launch utility token GoldGo

Read More
Next Article

December 18, 2020

Sandstone Technology appoints Michael Phillipou as CEO

Read More

IBSi Prime News

astra

December 08, 2021

Numbrs

Transferring money to the right place at the right time: Interview with Gil Akos, CEO of Astra

Read More
  • Daily insightful news analysis
  • Weekly snapshot of the industry deals, events & insights
  • Sectoral deep dives on the hottest FinTech trends
  • Exclusive interviews featuring c-level executives shaping the industry
  • Profiles of the most influential established and emerging companies in the sector
  • Weekly global FinTech use cases
  • Chart of the Week curated by the IBSi’s Research Team
Subscribe to Prime

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

YES BANK partners with The Fintech Meetup to drive grass root level FinTech

Read More

Today

Cashfree partners with Dvara Solutions to provide digital disbursements

Read More

Today

5Paisa collaborates with Neobank Dinero

Read More

Related Reports

Sales League Table Report 2021

£1,500 / year

Know More
US Financial Services Technology Report 2021

£1,500 / year

Know More
The Future of Digital Banking Report 2021

£1,500 / year

Know More
Wealth Management & Private Banking Systems Report 2021

£1,500 / year

Know More
Treasury and Capital Markets Systems Report 2021

£1,500 / year

Know More