Fintech News
Data Republic website
Published
Share

Swiss Bankers Association’s guidelines for banks that want to team up with start-ups

Switzerland is taking steps toward its aim to maintain its status as a cryptocurrency hub. The country’s latest effort is a guidelines issued by the Swiss Bankers Association, aiming to create a basis for discussion between banks and start-ups, that would like to collaborate with each other.
Reuters reports that the guidelines should help banks understand what KYC processes and AML checks they should consider, while also helping start-ups affiliated with cryptocurrency know what information they must provide, and which actions they must take, to be able to qualify for an account. According to Adrian Schatzmann, strategic advisor of Swiss Bank Association, the guidelines will make the dialogue between the parties simpler, and facilitate the opening of accounts.
Read the rest of the story here.

Share this Article
Related Insights
Featured
Holland Fintech Digital Transformation Paper 2024
Holland Fintech is proud to present the Digital Transformation Paper 2024. This whitepaper, led by the Holland Fintech working group Digital Transformation in collaboration with Accenture, provides valuable insights into the dynamics and key factors influencing successful collaborations between fintechs and incumbents.
Holland Fintech Pavilion at Money 20/20
Money 20/20 – Join our Pavilion! The Holland Fintech Pavilion offers a unique opportunity to connect with a global audience of fintech professionals. Located at the heart of Money 20/20, the pavilion provides a central hub for networking, collaboration, and exposure.
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 2-4 October 2024! Be a sponsor, co-organizer, or just participate in our community events.

How likely are you to recommend Holland FinTech?