17. May 2019
1

Jurisdictional Compliance and Regulation in FinTech

By | Commentary, Legal, Mentoring | No Comments

Jurisdictional Compliance and Regulation in FinTech

Know the Rules where you Wish to Operate

Zurich, Monday, May 20th 2019

Jurisdictional Rules and Regulations! To many people in the world of finance and FinTech, those two words usually bring a huge negative sigh, followed by the words “here we go again”.

For many developers/entrepreneurs in the field of FinTech, the regulations of the jurisdictions in which they hope to expand their product usually is a secondary thought.
Their goal is to create a product that can be launched throughout the world and disrupt the financial services sector for the benefit of the masses, while at the same time making substantial monetary gains.  Read More

1. October 2018
0

LHoFT Partnership

By | Events, Press Releases | No Comments

The Swiss Finance + Technology Association and the LHoFT partner to promote further the Fintech industry across Europe.

The Swiss Finance + Technology Association and the LHoFT Foundation have signed a Memorandum of Understanding on Monday 1st of October at the FINTECH+ Conference in Zurich.

Zurich, Monday, 1st October 2018

The Swiss Finance + Technology Association and the LHoFT Foundation are pleased to announce the signature of a new Memorandum of Understanding (MoU) at the FINTECH+ Conference in Zurich on Monday, 1st October. This MoU was signed by John Hucker, President of the Swiss Finance + Technology Association and Alex Panican, Head of Partnerships and Ecosystem at the LHoFT.

The objective of the two hubs is to work on collaborative initiatives and further promote the FinTech industry across Europe for the benefit of the whole industry. In practice this means that the two organizations will join each other’s events and will exchange knowledge about the market and regulation, creating new opportunities for Fintech companies and investors of both countries.

From left to right:  John Hucker, President of the Swiss Finance + Technology Association and Alex Panican, Head of Partnerships and Ecosystem at the LHoFT

John Hucker, President of the Swiss Finance + Technology Association, said: “There are many commonalities between Switzerland and Luxembourg as two outward-facing, European financial powerhouses.  The Swiss and Luxembourg FinTech scenes are responding to the evolving needs of their domestic and international clients.  Working together will enable further access by the members of our two organizations into each other’s markets.”

Alex Panican, Head of Partnerships and Ecosystem at the LHoFT said: “Our hubs are like two twins in the European Fintech Family, our financial industries are very similars. Therefore it makes perfect sense to have a very close partnership in order to support our respective fintechs but also our financial partners. This MOU will bring two similar that were a world apart.”

About the Swiss Finance + Technology Association

The Swiss Finance + Technology Association (SFTA) is the center of gravity and driving the development of the Swiss FinTech ecosystem. It is an independent, non-profit association organized under Swiss law. Members represent all stakeholders in the Swiss FinTech ecosystem, including industry professionals, entrepreneurs, investors, academia, policy makers, and others. Activities focus on connecting, educating, advocating, promoting, and serving the Swiss FinTech ecosystem, both locally and internationally.

About the LHoFT Foundation (LHoFT)

The LHoFT Foundation is a public – private sector initiative that drives technology innovation for Luxembourg’s Financial Services industry, connecting the domestic and international FinTech community to develop solutions that shape the world of tomorrow. The other partners of the LHoFT initiative are Chamber of Commerce, the City of Luxembourg and the University of Luxembourg, and the initiative is supported by the Ministry of Finance, Ministry of Economy and Ministry of State.

30. January 2018
2

Machine Learning in Digital Wealth Management (Part 2)

By | Artificial Intelligence, Commentary, Wealth management | No Comments

Background

In the previous article, we considered the client on-boarding process; in this second part, we will focus on the sales/advisory process. We will explain which machine learning (ML) models can be applied to which parts of the process. This is not an exhaustive view of the possible options and is meant as an opening to further discussion.
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13. December 2017
3

Machine Learning in Digital Wealth Management (Part 1)

By | Artificial Intelligence, Commentary, Wealth management | No Comments

Background

There is a lot of buzz around artificial intelligence (AI) and machine learning (ML) and their application to financial services; specific examples include use cases applied to chatbots, robo advice, and credit risk scoring. Almost daily, articles are published focusing on specific functional areas, but do not address the potential of machine learning from an end to end perspective. This is the first of two lists whereby I document use cases by process area and potential use of ML algorithms and techniques. This initial list outlines AI and ML application to client on-boarding processes for new clients or for new products.

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24. October 2017
1

The Swiss Finance + Technology Association is a proud partner of the FinTech Association of Hong Kong

By | Press Releases | No Comments

The Swiss Finance + Technology Association has signed a Memorandum of Understanding with the Fintech Association of Hong Kong (FTAHK). This further strengthens the collaboration between Asia and Europe. In practice this means that the two organisations will join each others’ events and they will exchange knowledge about the market and regulation. New opportunities for start-ups and investors of both countries will be created.

Fintech Hongkong Read More

24. October 2017
1

FinTech partnerships: A slightly winding road

By | FinTech Ecosystem | No Comments

How Banks and Fintech cooperate.In my first post, I wrote about how we are constantly hearing buzz around the ‘war being over’ between FinTechs and banks. The case for symbiosis and coopetition over competition between the Davids and Goliaths is certainly strong; so strong that 82% of banks, insurers, and asset managers are planning on increasing FinTech partnerships over the next three years (PwC, 2017). That said, I also questioned the success of FinTech-bank partnerships in delivering true value for the bank, the start-up, and/or the customer.
There is no denying that there have been some highly successful partnerships to date. However, there is also no hiding from the fact that many of the ‘partnerships’ we hear about have been used to drive marketing and PR efforts while many have simply not delivered the intended value and have been brushed under the carpet.

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