PYMNTS-MonitorEdge-May-2024

Switzerland

Switzerland is a mountainous Central European country, home to numerous lakes, villages and the high peaks of the Alps. Its cities contain medieval quarters, with landmarks like capital Bern’s Zytglogge clock tower and Lucerne’s wooden chapel bridge.

Source: en.wikipedia.org

France, Singapore and Switzerland Test Cross-Border CBDC Payments
France, Singapore and Switzerland Test Cross-Border CBDC Payments
November 02, 2022  |  CBDC

In a pilot project that is said to be the first of its kind, the central banks of France, Singapore and Switzerland are collaborating in...

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Swiss Financial Regulator to Cap Anonymous Crypto Transactions at $1,000 a Month
Swiss Financial Regulator to Cap Anonymous Crypto Transactions at $1,000 a Month
November 02, 2022  |  Cryptocurrency

The Swiss Financial Market Supervisory Authority (FINMA) is extending the scope of its anti-money laundering (AML) ordinance to cover cryptocurrency assets. The adjusted regulations, which...

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Swiss Government Proposes Registry of Company Ownership
Swiss Government Proposes Registry of Company Ownership
October 12, 2022  |  AML

In a move that signals a major change for Switzerland’s financial services industry, the Swiss government intends to establish a central registry to track ownership...

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Platforms Turn To Swiss Crypto Banks To Bridge Digital, Traditional Assets
Platforms Turn To Swiss Crypto Banks To Bridge Digital, Traditional Assets
October 10, 2022  |  Cryptocurrency

With a collateral pool of digital assets worth about $10.5 billion, MakerDAO, the Decentralized Autonomous Organization (DAO) that administers the DAI cryptocurrency, has become an...

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Gig Economy Work Gets Boost From Mobility Platforms in EMEA
Gig Economy Work Gets Boost From Mobility Platforms in EMEA
October 06, 2022  |  International

The rise of mobility platforms such as the ride-hailing app Uber has transformed the way people move around cities. To date, the model has been...

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Global Blue Acquires Majority Stake in Shipup, Expands Post-Purchase Tech
Global Blue Acquires Majority Stake in Shipup, Expands Post-Purchase Tech
October 04, 2022  |  Acquisitions

Switzerland-based retail technology and payments company Global Blue has acquired a majority stake in post-purchase technology provider Shipup. This investment adds to Global Blue’s mission...

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Roger Federer-Backed Running Shoe Brand Launches Resale Site in Green Push
Roger Federer-Backed Running Shoe Brand Launches Resale Site in Green Push
September 09, 2022  |  Retail

Seeking to boost its sustainability and reach new customers, Swiss athletic footwear and apparel brand On — which is backed by tennis star Roger Federer...

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Selecta: Strong H1 Results Drive Shift From Vending Machines to NextGen Autonomous FoodTech
Selecta: Strong H1 Results Drive Shift From Vending Machines to NextGen Autonomous FoodTech
August 04, 2022  |  Earnings

Swiss FoodTech company Selecta used the presentation of its first half (H1) 2022 results Wednesday (Aug. 3) to announce its new ESG targets, built around...

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Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
June 27, 2022  |  Digital-First Banking

A courtroom verdict in  Switzerland is signaling that banks will be under increasing scrutiny for the acts they take and have taken, to combat fraud —...

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