The FinTech revolution offers private banks the unprecedented opportunity to benefit from digital technologies, innovate and transform their business. Banks taking up the challenge of collaboration – with FinTechs as well as other strategic partners – stand a good chance of finding the way forward.
On 14 December 2016, the Council of States discussed the Swiss Financial Services Act (FinSA) and the Financial Institutions Act (FinIA) and approved the legislative drafts which proposed some major changes compared previous drafts. What are the key changes and next steps?
In order to survive digital transformation and successfully secure its competitive edge in the long term, the Swiss economy will have to win out over a range of disruptive forces. In its whitepaper “Shaping Switzerland’s digital future”, KPMG outlines 7 areas of innovation and opportunity for Switzerland.