Swiss Fintech licence or 'banking licence light' - boosting the innovation
The International Family Offices Journal
Vol. 4 - Iss. 2 pp. 31–36
Tatyana Davidoff, Zurich, presents a detailed explanation of the new Swiss Fintech licence requirements. Beginning in 2019 this licence, granted by the Swiss Financial Markets Supervisory Authority (FINMA) allows its holders to accept public deposits of up to CHF 100 million, provided that these are not invested and no interest is paid on them. This Swiss licence is the most modern and flexible Fintech licence, dubbed ?banking licence light', and family offices should find it very attractive.