Sagging Swiss fintech fortunes in need of a facelift
Can Switzerland’s fintech sector make hay after coronavirus flattened last year’s crop?
This content was published on March 6, 2021 - 09:00
March 6, 2021 - 09:00
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.
Evaluating the health of an entire industry is always a ticklish business - some companies will always fare better than others at any given time. But taken as a whole, it appears that Swiss fintech has experienced a year of “stagnation”.
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Can Switzerland, as planned, cut its CO
2 emissions to zero by 2050? In a study, researchers at the Paul Scherrer Institute PSI have investigated what measures would be necessary to achieve this reduction and how much it might cost per person.
Evangelos Panos is convinced that if Switzerland wants to achieve the zero-emissions target by 2050, it need great efforts.
(Photo: Paul Scherrer Institute/Mahir Dzambegovic)
Study authors Evangelos Panos (left) and Tom Kober know: Electromobility will play an important role in the energy transition.
(Photo: Paul Scherrer Institute/Mahir Dzambegovic)
In August 2019, the Swiss Federal Council decided on an ambitious target to limit climate change: From the year 2050 onward Switzerland should, on balance, discharge no further greenhouse gas emissions. With this commitment, Switzerland meets the internationally agreed goal of limiting global warming to a maximum of 1.5° C compared to the pre-industrial era.
Will there be a post-Brexit financial services and fintech boom?
Published 2 months ago
Brexit has created uncertainty and speculation across the UK financial services industry since before the 2016 referendum was held. Now that Brexit is finally a reality, the opportunities it could presents are beginning to come into view.
The EU-UK Trade and Cooperation Agreement (TCA) which was signed on Christmas Eve 2020 primarily focused on easing trade in goods. Services were only lightly touched upon in the agreement.
As regards financial services, negotiations are yet to start in earnest. The TCA does not go even as far as the EU-Canada trade agreement on financial services, but it does allow for mutual market access by way of establishment, such as the creation of branches or subsidiaries in the other jurisdiction.