Société Générale revamps private banking in Europe with Azqore
SocGen’s Luxembourg, Monaco, and Swiss locations switching up their tech.
Switzerland
Temenos shakes up executive team with changes at the top
Promotions and hires for the Swiss banking vendor.
Swiss fraud-prevention start-up NetGuardians lands $19.2m
The fintech houses some 90 employees.
Swiss challenger Alpian picks cloud hosted Temenos tech
Alpian plans to deploy Temenos Transact and Temenos Payments in a SaaS model.
Sberbank Switzerland outsources core to Avaloq
The implementation and migration took ten months.
Credit Suisse announces António Horta-Osório as new chairman
The outgoing Lloyds executive will join the Swiss bank in April.
Swiss government launches green fintech network
Sustainable investments in Switzerland have risen to CHF 1.16 trillion ($1.2 trillion).
Credit Suisse’s Canadian arm goes live with London fintech Torstone
“The opportunity to reduce our total cost of ownership was a key driver,” says bank.
Temenos appoints former SAS EVP as new European president
David Macdonald joins Temenos after 19 years at SAS.
Swiss investment challenger FlowBank picks Temenos Transact
Temenos is set to deliver its system on a SaaS basis.
Japan’s NEC buys Swiss core banking firm Avaloq in $2.2bn deal
Major investor Warburg Pincus currently owns 45% of Avaloq.
Swiss challenger Neon lands $5.5m, bags new investor in Helvetia
“The cooperation with Neon gives Helvetia the opportunity to access new customers.”
Belgium investigates Credit Suisse over hidden accounts
It follows allegations that the bank helped 2,650 Belgians hide their accounts from tax authorities.
Swiss digital asset tech partner Metaco lands $17m Series A
Investor Standard Chartered says “digital assets are here to stay”.
Liechtenstein’s VP Bank bags fintech CEO for client solutions unit
Thomas von Hohenhau is the Swiss CEO of Hamburg-based fintech Deposit Solutions.
Millennium Banque Privée outsources Olympic system with Swisscom
Switzerland-based firm moves core banking to the cloud.
TransferWise partners with two Swiss banking services
TransferWise will tap neon’s 30,000 users.
TransferWise hits £2 billion in customer deposits
Users can now send money with just a phone number.
Banco Itaú International picks Temenos Infinity to revamp wealth management
The Brazilian financial group is revamping its international and Swiss operations.
UBS to set up fintech venture fund to speed up its digitisation
The bank will make investments between $10 million and $20 million.
Swiss private bank Lombard Odier launches fintech strategy
An active portfolio of 50 well-diversified stocks will be put together.
Alpian lands $12.6m in Series A
Alpian is applying for its own banking licence.
Embark buys Zurich’s UK retail and investment management business
The move is part of Embark’s effort to build its presence in the UK retirement/savings sector.
Temenos rolls out AI models to help banks lend quicker during coronavirus
“Our AI can expedite accurate decision making and help the front line staff,” says Temenos.
Crypto Finance raises $14.5m in Series B funding
The new capital will help the firm gain a Swiss broker-dealer licence.
Avaloq extends Actico partnership to integrate compliance tech
Swiss technology vendor to embed compliance solution into its platforms.
Finantix finalises acquisition of Swiss AI firm InCube
InCube will be brought into the wider Finantix portfolio.
Digital asset bank Sygnum launches Swiss franc stablecoin
The stablecoin will be backed 1:1 by funds held with the Swiss National Bank.
Spanish regulators approve $2.8bn SIX takeover bid for BME
SIX has been going head-to-head with Euronext for the Spanish exchange firm.
Central banks free up US dollar liquidity amid coronavirus pandemic
The price on the US dollar liquidity swap arrangements will go down by 25 basis points.
Yapeal awarded Switzerland’s first fintech licence
Challenger plans to reinvent retail banking in the country.
Wirecard strikes again with Klarna payments partnership
Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.
Finantix acquires Swiss AI firm InCube
The private banking tech vendor plans to boost solutions with AI.
Santander’s PagoFX to launch in Spring and rival TransferWise
The venture now has a 50-person London-based team.
Credit Suisse spying scandal forces out CEO Tidjane Thiam
The bank loses Thiam to protect its reputation.
Tally launches 2.0 version of UK Faster Payments-linked app
Tally is not a cryptocurrency, because it’s linked to a tangible asset.
Finma fines Swiss bank CEO $752,000 for insider trading
The executive used covert deposit accounts under his wife’s name.
Switzerland’s Neon scraps abroad card fees to win more users
The challenger tries to win ground from UK’s Revolut and Germany’s N26.
Central banks in Europe, Japan and Canada assess potential digital currencies
Central banks in Canada, the UK, Japan, Switzerland, and Sweden are teaming up.
Challenger Longevity Bank positions itself for the silver generation
EXCLUSIVE: Co-founder Sergey Balasanyan tells FinTech Futures of his 2020 plans with the neobank.
