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Fintech Market Overview

This article does not constitute legal advice.

Client identification in Switzerland

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Currently, there is no widely recognized digital identity in Switzerland. However, various efforts have been made to raise digital awareness and create a generally accepted digital identity. Under the Federal Act on Electronic Identification Services, private providers (supervised by the federal administration) were required to provide digital identities; however, the Act was rejected in a public vote on 7 March 2021. A revised project is currently being prepared by the Federal Administration. Although, on 22 November 2017, two private project groups (from Swiss Federal Railways and the postal service, Swiss Post; and from the former state telecoms company and two major banks, UBS and Credit Suisse) announced that they would join forces and set up a private provider under the name of Swiss-Sign), no widely accepted Swiss e-ID has yet been established.1

The Swiss have recognized for some time that an electronic signature guarantees the authenticity of a document, a message, or other electronic data and confirms the identity of the signer.1

Digital onboarding in Switzerland

Fintech in Switzerland

Fintech in other countries

Let's introduce you

Swiss Fintech Lawyers

Kristina Berkes

Kristina Berkes

Participation as a lawyer at investment venture funds, leading venture M&A deals in IT, supporting iGaming and business assets

Maxim Minaev

Maxim Minaev

We provide legal and organizational services for the creation, structuring and development of fintech companies

Notes
  1. https://thelawreviews.co.uk/title/the-financial-technology-law-review/switzerland
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