Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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4. Results: Answers
FinTech
2.
Fintech market
2.1
Which sub-sectors of the fintech industry have become most embedded in your jurisdiction?
Switzerland

Answer ... The fintech industry in Switzerland covers a broad range of sectors, including mobile payments, crowdfunding, robo-advice, cybersecurity and blockchain-related services.

For more information about this answer please contact: Jana Essebier from Vischer AG
2.2
What products and services are offered?
Switzerland

Answer ... A variety of innovative products and services are offered by traditional financial institutions and new market players, including mobile/online payment services, account information services and crowd-funding platforms. In addition, the fintech industry offers compliance tools for financial institutions.

For more information about this answer please contact: Jana Essebier from Vischer AG
2.3
How are fintech players generally structured?
Switzerland

Answer ... In Switzerland, there are many fintech start-ups. In addition, the SIX Swiss Exchange, Swisscom and a number of banks and insurance companies have established their own fintech teams.

For more information about this answer please contact: Jana Essebier from Vischer AG
2.4
How are they generally financed?
Switzerland

Answer ... The following financing and investment schemes are commonly used by fintech start-ups in Switzerland:

  • friends and family;
  • grants from private and/or state-sponsored fintech incubators and accelerators (eg, F10);
  • business angels;
  • investment clubs;
  • family offices;
  • seed funds;
  • grants from state agencies (eg, Innosuisse);
  • venture funds; and
  • corporate ventures.

For more information about this answer please contact: Jana Essebier from Vischer AG
2.5
How are they positioned within the broader financial services landscape?
Switzerland

Answer ... Switzerland has a well-established fintech scene. Many fintech start-ups are working closely with banks, insurance companies and other financial institutions. Many banks and insurance companies, as well as the SIX Swiss Exchange, support fintech start-up incubators and accelerators, such as www.f10.ch.

For more information about this answer please contact: Jana Essebier from Vischer AG
2.6
Do start-ups generally outsource back office functions and is there a developed market for them to access? What are the legal implications of outsourcing?
Switzerland

Answer ... A number of start-ups outsource back office functions to various service providers. However, the board of directors of the company remains responsible for the outsourced services. This is particularly relevant where compliance matters are outsourced.

For more information about this answer please contact: Jana Essebier from Vischer AG
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Topic
FinTech