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Swiss Fintech Licence Offers Flexibility and Cost Savings

The Swiss Financial Market Supervisory Authority (FINMA) has introduced a new fintech licence that offers flexibility and cost savings for financial technology companies. The licence, designed to accommodate the unique needs of fintech businesses, provides reduced audit frequency, simplified accounting requirements, and lower regulatory costs.

Reduced Audit Frequency

Fintech companies with a low-risk business model can request an audit every two or three years instead of annually, saving time and money. This flexibility is designed to reduce the burden on smaller fintech companies while still ensuring that they meet the necessary regulatory standards.

Simplified Accounting Requirements

The fintech licence also simplifies accounting requirements for fintech companies, allowing them to focus on their core business activities rather than complex financial reporting.

Lower Regulatory Costs

The fintech licence offers lower regulatory costs compared to a banking licence, making it an attractive option for fintech companies looking to enter the Swiss financial market.

Experts Available

PwC, a leading professional services firm, is available to support fintech companies in navigating the regulatory landscape and ensuring compliance with the new fintech licence. The firm’s experts can provide advice on:

  • Legal and regulatory issues
  • Risk management
  • Compliance
  • And more

Get in Touch

For more information or to schedule a consultation, please contact: