Credit Suisse to cut 9,000 jobs, raise $4bn in capital as part of new transformation plan
CEO Ulrich Körner says the restructuring is a “historic moment for Credit Suisse”.
CEO Ulrich Körner says the restructuring is a “historic moment for Credit Suisse”.
The bank intends to host more than 50% of its applications on Microsoft Azure.
CRO Erich Gerber, who only joined the company in March, has left the business “effective immediately”.
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Ledgy will use the funding to expand its workforce, boost product development and cement its presence in Europe.
Alpian has plans for a full public rollout by the end of this year.
Both deals are expected to close in H1 2023.
The Swiss banking group has announced a flurry of new appointments.
The firm will leverage Salt Edge’s Account Information API and data enrichment solutions.
NetGuardians uses behavioural analytics, artificial intelligence (AI) and machine learning (ML) to detect fraud.
Klarpay solves one of the biggest challenges faced by digital businesses – access to efficient transactional banking.
Ulrich Körner replaces Thomas Gottstein, who is leaving Credit Suisse after 23 years.
New Access is primarily active in Switzerland, Liechtenstein and Luxembourg.
Funds will enable the firm to grow an ecosystem of applications on top of its smart contract account protocol.
Fluid Finance offers “the world’s first bank alternative linked to your Web3 wallet”.
NetGuardians’ software is now used by more than 40% of all cantonal banks in Switzerland.
ZoodPay enters Pakistan as a new player in its growing digital lending and fintech space.
Our weekly fintech round-up for you to get the latest funding news from around Europe.
The core banking system will be used to support BOC’s custody and clearing business.
According to Bloomberg, Thoma Bravo has held initial takeover talks with the Swiss banking software provider.
The deal will see HCL expand its footprint in the global wealth management market.
BehavioSec tracks mobile touchscreen signals to continuously authenticate identity and prevent fraud.
LUKB will deploy NetGuardians’ AI-powered software as it looks to shore up its defences against payment fraud.
Mirabaud’s planned digital transformation programme will take several years to fully implement.
Alpian plans to launch in Q3 2022. Prior to that, the digital bank will launch its alpha release to employees.
Yokoy has now raised more than $107 million in total capital to date.
Zurich-based Squirro has raised $4m in equity funding from capital investment firm BuildGroup.
Horta-Osório resigns after it was found he broke Swiss and UK Covid-19 isolation rules.
Entris is looking to future-proof its operations ahead of the introduction of instant payments in Switzerland.
Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg and UBS also took part in the experiment.
The round was co-led by a consortium of specialised blockchain and fintech investors.
“The digital asset economy is rapidly crossing the chasm to mainstream adoption,” says CEO.
Hannaford spent 25 years at Goldman Sachs in London and New York.
Flament leaves her role as CEO of digital banking app Mettle by NatWest to join the Swiss foundation.
Hanspeter Wolf, CEO and founder of Appway, will become FNZ’s CTO.
Onboarding and customer management firm picks up new C-suite hire.
The Swiss fintech plans to invest in tech development and global expansion.
Swiss collective bank aiming to change the way it engages with users.
The granting of the CISA licence to a digital asset-focused bank is the first in Switzerland.
The authorisation will enable SDX to go live with a fully regulated offering.