FinTech financial services providers

FINMA encourages innovation and competitiveness in the Swiss financial marketplace. If you are embracing technological change and you intend launching a FinTech company or providing FinTech financial services, here you will find initial information about financial market regulation.
FINMA has been working on the challenges presented by FinTech regarding authorisation, supervision and regulation. Innovative trends and ideas require a solid framework within which to operate, while clients and the financial system as a whole need protection during this shift in direction. In a speech delivered, FINMA’s CEO, he emphasised the importance of technological progress. In an article published in Le Temps, FINMA also explains its ideas and the approaches it adopts to FinTech.
Technological change and innovation in the financial sector

Speech by Mark Branson, CEO, Zurich Business Club, 10 September 2015

Updated: 16.09.2015 Size: 0,24  MB
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Die FINMA ist fit für Fintech

Artikel von Rupert Schaefer erschienen in Le Temps vom 13. September 2016

Updated: 13.09.2016 Size: 0,23  MB
  • Language(s):
  • DE
  • FR
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FinTech-friendly environment set in motion

An increasing number of financial intermediaries interact with their clients via internet and mobile devices. FINMA has therefore been enhancing the regulatory framework to facilitate client onboarding via digital channels. In its new circular, the anti-money laundering due diligence requirements are explained in the context of digitalisation of financial services and the need for technology-neutral regulation, particularly with respect to video identification. The circular came into force on 18 March 2016. 

Press release

Asset management: technology-neutral FINMA regulations

Updated: 01.07.2016 Size: 0,24  MB
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Press release

FINMA reduces obstacles to FinTech

Updated: 17.03.2016 Size: 0,22  MB
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2016/07 FINMA Circular Video and online identification (03.03.2016)

Due diligence requirements for client onboarding via digital channels

Updated: 03.03.2016 Size: 0,14  MB
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Regulatory landscape

Before launching operations, FinTech companies must establish whether they are subject to anti-money laundering and authorisation requirements. 

Must I comply with the anti-money laundering due diligence requirements?

Accepting assets or providing assistance in the investment and transfer of assets are subject to the rules set out in the Anti-Money Laundering Act. This includes credit and leasing transactions, asset management, fiduciary activities, payment service providers and money exchangers. Trading with digital currencies (Bitcoin, etc.) and operating a payment system fall under the Anti-Money Laundering Act (AMLA).

If the business you do is subject to the AMLA, you must either become a member of a self-regulatory organisation (SRO) or be supervised directly by FINMA.

For further information, see:

Fact sheet: Combating money laundering: financial intermediaries must comply with due diligence requirements

Financial intermediaries must comply with stringent due diligence and reporting requirements. Tasked with ensuring compliance, both the Swiss Financial Market Supervisory Authority FINMA and the self-regulatory organisations seek to prevent money laundering. This in turn enhances the credibility and proper functioning of the financial system.

Updated: 01.11.2014 Size: 0,11  MB
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2011/01 FINMA-Rundschreiben "Tätigkeit als Finanzintermediär nach GwG" (26.10.2016)

Ausführungen zur Geldwäschereiverordnung (GwV)

Updated: 26.10.2016 Size: 0,22  MB
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2009/01 FINMA Circular Guidelines on asset management (18.12.2008)

Guidelines for the recognition of self-regulation in asset management as minimum standard

Updated: 10.06.2016 Size: 0,11  MB
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Do the FinTech services I provide require authorisation?

If you intend entering the financial market, the financial services you wish to provide may require FINMA authorisation. Individuals and legal entities must apply to FINMA to obtain authorisation for certain activities and, in some cases, for specific products. In addition to other institutions, FINMA authorises and supervises banks, securities dealers, insurances, fund management companies, collective investment schemes, exchanges and multilateral trading systems. 

 

 

Do I need  ...

For further information, see:
Fact sheet: FINMA and authorisation: entry to markets for service providers

Certain financial market activities require advance authorisation. Issuing licences and granting authorisation are therefore key FINMA activities. Applicants who fulfil the licensing requirements receive a licence and are then supervised by FINMA to ensure compliance.

Updated: 12.07.2016 Size: 0,12  MB
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FinTech roundtable

FINMA frequently organises FinTech roundtable events. The dates and topics will be posted on this web page. 

What we can and cannot do for you

Please contact us with your enquiries. We will discuss authorisation issues with you and assist you with the authorisation process. Charges may be made depending on the extent of our clarifications. The authorisation process is subject to charges.


Charges and levies are set out in the Fees and Levies Ordinance


In its role as regulator, FINMA cannot provide comprehensive legal advice or review the opportunities and risks in business models.

Do you have any questions? 

You can reach us at fintech@finma.ch or +41 31 327 16 16 (Monday to Friday: 08.00 – 12.00).