The FINMA Circular 2016/07 “Video and online identification” has been partially revised in order to stay abreast with the latest technological developments - on the one hand, it has become more stringent, on the other, certain aspects have been relaxed.
Switzerland’s private banks are emerging from a dark period in their history. The weight of regulatory change over the past ten years has proved too big a burden for some. And structural change in the industry has caused others to go out of business or be absorbed by competitors.
Digitalization helps us manage our business better. It helps us to be more efficient and effective. And most importantly, it helps us serve our customers in a friendlier way.