FINMA FinTech License – a brief introduction

14 June 2021

The Swiss fintech licence offers fintech companies an interesting alternative to a banking licence and, thanks to the lower requirements, makes it easier to enter the Swiss financial market.

This new licence category provides certain simplifications compared to the full banking licence designed to create a well-suited framework for fintech business models. The amendment to the Banking Act and the accompanying implementing provisions came into force on 1 January 2019.

Of Counsel, Crypto & FinTech Lawyer Yanina Petrovskaya tells in detail about fintech regulation in Switzerland and clarifies the requirements to obtain the license, how long it takes, and how much it costs.

We would be happy to assist you with your next financial services project.

Our lawyers will advise you on preparing the necessary documents for submission to the bank and the regulatory authority.

Email us for a full list of services, legal or tax advice:

#RLPLawyers #FinTechLicense #Switzerland