YOU HAVE A FINTECH PROJECT AND INTEND TO ACCEPT PUBLIC DEPOSITS?
YOU NEED A FINTECH LICENSE
Get a Fintech License
In 2017, the Swiss Federal Council proposed to allow for Swiss “fintech firms” to accept public
deposits as part of their business activities.
- Licensees may accept deposits from the public in the amount of up to CHF 100 million.
- However, the “Fintech License” does not allow Licensees to invest these deposits or to pay interest on them.
- Additionally, a “Fintech License” requires further conditions concerning the organization and individual
qualifications, risk management, compliance, accounting, and financial resources.
Should the amount of CHF 100 million be exceeded, FINMA has to be notified of such within 10
days and an application for a banking license be filed within 90 days. Exceptions may apply.
Could this new “Fintech License” meet your requirements to operate with a license by FINMA,
yet save you a part of the effort to reach a “full” banking license?
We are glad to discuss such option with you.