The Green Fintech Network, a group of startups and experts in digital and sustainable financial services, has released an action plan to improve the framework conditions of green fintech companies active in Switzerland.
The action plan, released on April 8, 2021, outlines 16 proposals intended to turn the country into a leader in green fintech. These proposals focus on five areas: cultivating new startups; boosting the ecosystem and innovation; easing access to capital; fostering access to data; and promoting access to clients.
A green fintech action plan for Switzerland
To foster startup growth, the group proposes the introduction of an annual innovation challenge intended to attract global talent and entrepreneurs and encourage them to set up shop in Switzerland.
Are we witnessing the green shoots of a Swiss fintech sub-sector?
When it comes to greening up the Swiss financial sector, fintech can also play a role. But start-ups need cash. So it’s been suggested that the government part-finance a proposed fund to boost innovation and encourage pension funds and venture capitalists to invest in more green technology.
This content was published on April 16, 2021 - 18:00
April 16, 2021 - 18:00
Matthew Allen
When not covering fintech, cryptocurrencies, blockchain, banks and trade, swissinfo.ch s business correspondent can be found playing cricket on various grounds in Switzerland - including the frozen lake of St Moritz.
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IMF praises Switzerland s handling of the pandemic Federal Department of Finance Bern, 07.04.2021 - According to the International Monetary Fund (IMF), Switzerland has navigated the COVID-19 pandemic well up to now and has been able to limit the decline in economic output. Economic measures should now be geared towards a strong and sustainable recovery. The IMF expects Swiss growth to reach 3.5% in 2021. It sees pension reforms and climate change as long-term challenges.
In 2020, the Swiss economy contracted by 2.9%, less than other European advanced economies. According to the IMF, the impact was cushioned by the solid public and household finances, competitive export industries, the large and well-capitalised financial sector, low dependency on contact-intensive sectors, the well-resourced healthcare system and targeted containment measures. The swift emergency measures exceeding 10% of GDP to provide targeted support for households and businesses we