Financial institutions rely on Swiss Fintechs

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29.06.2022

Technologies out of Switzerland, developed by Swiss startups, are playing a significant role in transforming large organisations, both in the home country and abroad. Four young companies are collaborating with financial institutions to enable transformation in different business areas.

Since its founding, Taurus has grown to become a European market leader in the digital assets and blockchain space, using its specialised platform. Several companies turn to Taurus, and most recently, it has won CACEIS, the leading European asset servicing financial institution, with EUR 4.6 trillion assets under custody partners to build its digital asset offering. CACEIS will use the Taurus’ integrated platform with an initial focus to offer complete asset servicing of tokenised assets from issuance to lifecycle management across any assets (equity, bond, structured vehicles, funds etc.).

Stableton helps Bank CIC democratisation of innovative private market investments
Bank CIC (Switzerland) Ltd. is opening private equity investments to the public for the first time. The new certificate “Future of Finance - Private Market Champions AMC (USD)” was developed with Stableton Financial AG. The new product invests in privately held companies in different segments of the financial sector, such as blockchain, neo-banking, modern payment systems, artificial intelligence and data management. The platform also provides interested parties simple and diversified access to emerging fintech companies. Investments can be made from as little as USD 10,000. The low minimum amount allows investors to make private market investments even in traditionally oriented or smaller portfolios and invest in interesting growth areas without reducing diversification.

Sparkademy Partners With Gulf Bank
Financial institutions need a defined technology and innovation plan to grow beyond traditional banking. With customers’ ever-evolving expectations, digital innovation in financial services is imperative. According to VMWare, if a client’s digital experience does not meet their expectations, over half would switch to a rival—only 10% would remain faithful. Gulf Bank, one of the largest banks in Kuwait, is taking steps to deliver a training program for its employees. The Zurich-based startup Sparkademy is an edtech startup that offers an adaptive, effective, and scalable learning experience to the corporate world. In partnership with Sparkaademy, which will train a selected group of Kuwaiti Gulf Bank employees, providing them with the knowledge, innovative frameworks, tools, material, and market trends required to propel the bank’s digital transformation forward. The program will teach the Gulf Bank team to apply innovative frameworks, fitting seamlessly into Gulf Bank’s 2025 Strategic Foundation to foster a performance-driven culture based on meritocracy and engagement.

Squirro and Radicant join forces
AI-focused startup Squirro, recognised as a “Visionary” in Gartner Magic Quadrant for Insight Engines, links and analyses data to provide new insights as a basis for decision-making. The startup is joining forces with radicant, the first sustainable, digital and collaborative internet-based financial services company, which is aligned with the UN’s 17 Sustainable Development Goals. The integration of technology enables radicant to automate decision-making processes and improve customer experience and service quality. The generated insights and recommendations are now offered within the company and to radicant’s customers. The solution is fully integrated into both the Google Cloud-based banking platform and radicant’s cloud-based Salesforce solutions.

(Press releases/RAN)

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