At the Annual General Meeting of SIX, Urs Beeler, Head Sales & Trading Services and member of the Executive Board of Credit Suisse (Schweiz) AG, was elected to the Board of Directors of SIX.
Banks across Switzerland are developing a standard operating system for all ATMs in the country, providing consumers with a common user interface and new capabilities for cardless transactions.
Following extensive preparations and as announced, PaymentStandards.CH today presented the technical features of the QR-Bill.
OECD member states agreed to the automatic exchange of tax information (AEoI) in 2014. The rule affects individuals with accounts outside their country of tax residence and has been designed to reduce tax evasion.
SIX Securities Services is to offer Legal Entity Identifiers to Swiss companies in partnership with the Depository Trust and Clearing Corporation.
FINMA granted the request submitted by SIX for the CO:RE- trading platform to be recognized as a multilateral trading facility (MTF).
Switzerland has started the countdown to a mass-market switch to the ISO 20022 standard for payments harmonisation across all consumer, corporate and bank payments, an initiative billed as the country's biggest financial infrastructure project in 390 years.
Swiss Financial infrastructure operator SIX is to use the cognitive computing ability of IBM Watson to build a new cyber-security hub to help banks comply with Swiss privacy laws and regulations.
SIX Securities Services has developed a distributed ledger-based bond issuing prototype which it intends to deploy.
Having received approval from FINMA as an official Swiss derivative trade repository, SIX Securities Services is set to launch its central trade repository in Switzerland –the SIX Trade Repository.
© Finextra Research 2017