Fintech—Switzerland—Q&A guide

The following TMT practice note provides comprehensive and up to date legal information covering:

  • Fintech—Switzerland—Q&A guide
  • 1. What is the general state of fintech innovation in your jurisdiction?
  • 2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are the key benefits of such support?
  • 3. Which bodies regulate the provision of fintech products and services?
  • 4. Which activities trigger a licensing requirement in your jurisdiction?
  • 5. Is consumer lending regulated in your jurisdiction?
  • 6. Are there restrictions on trading loans in the secondary market in your jurisdiction?
  • 7. Describe the regulatory regime for collective investment schemes and whether fintech companies providing alternative finance products or services would fall within its scope.
  • 8. Are managers of alternative investment funds regulated?
  • 9. Describe any specific regulation of peer-to-peer or marketplace lending in your jurisdiction.
  • More...

Fintech—Switzerland—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to fintech in Switzerland published as part of the Lexology Getting the Deal Through series by Law Business Research (published: June 2020).

Authors: Niederer Kraft Frey—Clara-Ann Gordon; Thomas A. Frick

1. What is the general state of fintech innovation in your jurisdiction?

Switzerland strongly supports innovation both at the government and corporate level. This includes fintech innovation. The country has a strong and mature financial market and strong service industries that support such initiatives. Well-known internationally is the Crypto Valley, a fintech hub focused on crypto offerings located in Zug, a small canton close to the financial centre of Zurich. Google, IBM, Disney, Thomson Reuters and the Federal Institute of Technology ETH have all established research laboratories in and around Zurich, adding to the technical innovation network. Zurich University is in the process of creating 18 new chairs for digital innovation studies; Zurich University also intends to further enhance its research on artificial intelligence. There are numerous companies focusing on digital offerings, specialised ones such as Swissquote, Temenos and Avaloq, and others providing IT support and IT-focused financial services. In addition, major Swiss banks such as UBS and Credit Suisse both have fintech innovation laboratories. Banks focused on crypto offerings (eg, SEBA and Sygnum) received a banking licence in summer 2019; other projects are currently aiming to set

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