Federal Council wants to reduce barriers to market entry for fintech firms
Bern, 2.11.2016 - A dynamic fintech system can contribute significantly to the quality of Switzerland's financial centre and boost its competitiveness. Against this backdrop, the Federal Council called for an easing of the regulatory framework for providers of innovative financial technologies during its meeting on 2 November 2016. This easing should reduce barriers to market entry for providers in the fintech area and increase legal certainty for the sector overall. The Federal Department of Finance (FDF) was instructed to prepare a corresponding consultation draft.