Swiss fintech spreads its wings

Switzerland wants to join the dots with other global fintech hubs Keystone

For a few years now, Switzerland has been establishing a domestic base for an expanding fintech scene. Now the alpine state wants to go global by forging key tie-ups with other global hubs.

A few days ago, Switzerland and Israel announced they wanted to deepen financial sector cooperation, including the fintech sector. The financial regulators of both countries will swap notes on emerging fintech trends and how these technologies affect regulation.

Swiss Finance Minister Ueli Maurer has previously stated his desire to share fintech know-how with Singapore, on a visit to the island state. The Swiss Finance + Technology Association followed this up by signing a memorandum of understanding with the Singapore Fintech Association to foster greater cooperation.

Swiss fintech has also been busy establishing collaboration with Russia. Crypto Valley co-founder Søren Fog - and founder of blockchain Company iprotus - is reportedly discussing the creation of a joint Swiss-Russian Center of Competences in Blockchain.

And having kicked off in Zug, Crypto Valley is also looking hard at establishing a global network of Labs - tailor made working spaces for fintech start-ups. London, Hong Kong, New York, Paris, Dubai, Singapore, Amsterdam, New York and Tokyo - the Crypto Valley community has been invited to vote on where new labs will be set up in the next two years.

July, 2017

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