SNB Grants Fintechs Access to SIC

Summary:
In a press release the Swiss National Bank explains that it grants access to … [fintechs] that make a significant contribution to the fulfilment of the SNB’s statutory tasks, and whose admission does not pose any major risks. Entities with fintech licences whose business model makes them significant participants in the area of Swiss franc payment transactions will therefore be granted access to the SIC system and to sight deposit accounts. The Swiss Financial Market Supervisory Authority is in charge of granting fintech licences. Related posts: Swiss stock exchange could lose EU access in January Will the SNB ever make profits again? Swiss

Topics:
Dirk Niepelt considers the following as important: 1) SNB and CHF, Dirk Niepelt, Featured, Fintech, newsletter, Notes, Swiss Financial Market Supervisory Authority, Swiss Interbank Clearing, Swiss National Bank

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