Banking & Fintech

Swiss humanitarian team on its way to the Bahamas

This content was published on Sep 13, 2019 Switzerland has sent five aid specialists, as well as relief supplies, to the Bahamas to help cope with the aftermath of Cyclone Dorian.

PostFinance closes payment channel to Cuba under US sanctions pressure

This content was published on Sep 12, 2019 Swiss bank PostFinance has suspended payment transactions to Cuba due to US sanctions, frustrating Swiss living in or working with the country.

Bank lobby group demands end to negative interest rates

This content was published on Sep 12, 2019 SBAExternal link Chairman Herbert Scheidt said on Thursday that a normalisation of interest rates “appears a long way off”. “Unfortunately, the societal, structural and long-term damages will become even greater the longer we find ourselves in this ‘lower forever’ environment,” he told the media. Banks are suffering from having to pay for the privilege of…

Interest group fights against levy on sugar products

This content was published on Sep 11, 2019 Consumers have overwhelmingly come out against a tax on food with a high level of sugar, fat and salt, says the Swiss soft drink industry.

Swiss regulator lays down law to Libra stablecoin project

This content was published on Sep 11, 2019 The Libra digital payment token, which plans to launch next year, would be backed by a basket of international currencies. The fund would theoretically stabilise the value of the token, preventing its price from fluctuating as wildly as other cryptocurrencies. The need for extra supervision depends on how the Geneva-based Libra AssociationExternal link plans to…

Court protects lawyer identities in tax data transfers

This content was published on Sep 10, 2019 The verdict upholds a complaint from the Swiss data commissioner’s office against a finance ministry decision to include the names of such professionals. People who are not directly linked to a request for administrative assistance should have their privacy respected, said the court on Tuesday. The debate over naming lawyers and the like, who may…

Parliament approves secure national data network for emergencies

This content was published on Sep 9, 2019 A sum of CHF150 million ($151.2 million) will be set aside to develop a secure Swiss data network that will help crisis communications.

Under-pressure Swiss Railways focuses on cybersecurity

This content was published on Sep 8, 2019 A railway spokesperson told the German-language newspaper that the railway’s computer system is exposed to hacker attacks almost daily. Large companies have multiple entry points that can be exploited by hackers, notes the newspaper. Sometimes internet bandits use malware to block a computer network and try to extort money. Sometimes they send emails with malicious code and…

rescue workers fixing underground water pipes

Swiss researchers look underground with 3D glasses

This content was published on Sep 8, 2019 A team from Switzerland's University of Geneva is developing augmented reality glasses which would allow you to see underground pipelines in 3D. "It is a holographic visualisation that allows you to add elements to a real image," explains Dimitri Konstantas, professor at the University of Geneva (UNIGE), in an interview with Swiss news agency Keystone-SDA published on Sunday. "In concrete terms, augmented reality glasses identify where we are, and show in a matter of seconds the underground pipes under our feet." The prototype, he adds has a display accuracy of less than two centimetres. Geolocation is done with the eye. The user's eyes work like a cursor on a computer. They allow you to visualise where the pipes would be. These appear in different colours, depending on their use, blue for drinking water, yellow for gas and red for electricity. The prototype development required two years of research and development. The pilot project called City 3D is funded by Innosuisse, the Swiss agency for the promotion of innovation. The applications of these augmented reality glasses are multiple. For example, site managers can visualise underground pipes before digging, which would considerably reduce the relatively frequent pull-outs of electrical cables or pipes. Project engineers can see existing networks and add new elements more easily, especially for complex projects. Architects have the opportunity to visualise their building and share it with others at the same time.

Even with negative interest rates, Swiss banks post positive results

This content was published on Sep 8, 2019 In spite of ups and downs in the stock market and negative interest rates, Swiss banks finished 2018 with an increase in operating income and profits.

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Banking & Fintech

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Banking & Fintech

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Swiss humanitarian team on its way to the Bahamas

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PostFinance closes payment channel to Cuba under US sanctions pressure

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Bank lobby group demands end to negative interest rates

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Interest group fights against levy on sugar products

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Swiss regulator lays down law to Libra stablecoin project

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Court protects lawyer identities in tax data transfers

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Parliament approves secure national data network for emergencies

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Under-pressure Swiss Railways focuses on cybersecurity

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Swiss researchers look underground with 3D glasses

More

Even with negative interest rates, Swiss banks post positive results

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