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PSD2: Impact for Swiss Banks and Fintech companies

European Union, Switzerland - July 23 2018 On 13 January 2018, the Payment Services Directive II (PSD2) entered into force. PSD2 is aimed at opening up the payment markets to innovate new…

Lea Hungerbühler, Wendy Pronk.

New FinTech License - What will be the Requirements?

Switzerland - July 4 2018 On 21 June 2018, the Swiss Federal Department of Finance initiated a consultation regarding a newly created FinTech license which will enable…

FIDLEG / FINIG: What’s new?

Switzerland - June 15 2018 On 15 June 2018, Swiss parliament passed the new Swiss Financial Services Act (FIDLEG) and the Swiss Financial Institutions Act (FINIG) after more…

Lea Hungerbühler.

FINMA circular 'Public deposits with non-banks': what it means for FinTech

Switzerland - December 18 2017 The Swiss Financial Market Supervisory Authority (FINMA) recently issued a partial revision of Circular 2008/3, "Public deposits with non-banks". The…

What the new FINMA Circular 2018/3 means for Swiss banks and insurers

Switzerland - December 8 2017 On 5 December 2017, FINMA published the overhauled Outsourcing Circular 2018/3 “Outsourcing - Banks and Insurances” (Circular) which will replace the…