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An interview with Sven Siat, Head Connectivity at SIX about Open Banking in Switzerland; comparison to the state of Open Banking in the EU and Switzerland; attempts to standardize connectivity between banks and FinTechs (third-party providers) and SIX-developed b.Link platform connecting FinTechs and banks - user benefits, key clients and onboarding. What's in store for the connectivity efforts in Switzerland later this year? Listen in and find out more!
In Switzerland, we are in the early days of open banking and we have several players and initiatives, many focus on technical aspects only. Our approach is a bit different, we not only focus on the technical aspects (we do have the technical expertise to run reliable and scalable financial infrastructure), but I think we also understand the challenges that banks have with regard to legal and compliance matters.
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