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DIVERSE CO-OPERATION: The fields of ever-growing co-operation between our two countries are very diverse, says the Swiss finance minister.
Text Size: By Ueli Maurer The reputation of Switzerland as one of the most important and leading financial centres of the world is well known. However, by implementing brand-new state legal regulations for DLT (Blockchain) in recent months we took a huge step forward in fostering the innovative ecosystem of crypto currencies in our country.
Hence, we are combining the traditional strengths of high productivity, stability and security with new developments such as sustainable finance and Fintech innovation (www.finance.swiss) with our new financial market policy.
The Green Fintech Network, a group of startups and experts in digital and sustainable financial services, has released an action plan to improve the framework conditions of green fintech companies active in Switzerland.
The action plan, released on April 8, 2021, outlines 16 proposals intended to turn the country into a leader in green fintech. These proposals focus on five areas: cultivating new startups; boosting the ecosystem and innovation; easing access to capital; fostering access to data; and promoting access to clients.
A green fintech action plan for Switzerland
To foster startup growth, the group proposes the introduction of an annual innovation challenge intended to attract global talent and entrepreneurs and encourage them to set up shop in Switzerland.
Are we witnessing the green shoots of a Swiss fintech sub-sector?
When it comes to greening up the Swiss financial sector, fintech can also play a role. But start-ups need cash. So it’s been suggested that the government part-finance a proposed fund to boost innovation and encourage pension funds and venture capitalists to invest in more green technology.
This content was published on April 16, 2021 - 18:00
April 16, 2021 - 18:00
Matthew Allen
When not covering fintech, cryptocurrencies, blockchain, banks and trade, swissinfo.ch s business correspondent can be found playing cricket on various grounds in Switzerland - including the frozen lake of St Moritz.
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