The road ahead – Focal points
Spotlights provides an insight into initiatives and development projects that are important for Finnova and our Community. It presents things that will be affecting financial services providers, banks, bank clients and/or operators in the future, from a technical perspective, as well as how Finnova is contributing to further development with ‘Smarter Banking’.
Interested customers, partners and software developers are given an insight into topics relating to digitalisation, industrialisation and compliance. All of these will be affecting Finnova in the future – our Product Management and Development divisions are already occupied in these areas. Some of these are things that are already available and accepted. Some are ideas, concepts or specific development areas. Updates to Spotlights will be irregular.
The aim of Spotlights is to provide an insight into the future and to highlight the things that we are working on or focusing on.
Goodbye “Fin”? Hello “Tech”!
The Swiss FinTech market has experienced a slowdown in growth compared to the previous year. At the same time, however, the industry has matured. This is shown by the results of the "IFZ FinTech Study 2020" of the Lucerne University of Applied Sciences and Arts. A pattern is emerging among the players in the industry: Tech companies are beginning to outpace the financial companies.
2019 was another record year for the Swiss FinTech industry. At the end of the year, a total of 382 FinTech companies were legally incorporated in Switzerland, which corresponds to an annual growth rate of seven percent. This growth rate, however, is clearly lower than in the previous year when the market increased by 62 percent. While almost 70 percent of Swiss FinTech companies provide solutions in the product areas of investment management and banking infrastructure, the most frequently applied technologies are those related to process digitisation, automatisation, and robotics, as well as the distributed ledger technology (e.g., blockchain).
Further information can be found in the press release of the Lucerne University of Applied Sciences and Arts.
And here you can find the IFZ FinTech Study 2020.