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    Swiss Light Fintech Banking Licence

    Description

    L#20240638

    Switzerland has long been known as a global financial hub, renowned for its stability, security, and privacy. Its banking sector is one of the most prominent in the world, attracting wealthy individuals, corporations, and institutional investors seeking a safe haven for their assets.

    The Swiss banking industry has a long history dating back to the 18th century, when wealthy families sought a discreet and secure way to store their wealth. Swiss banks quickly gained a reputation for their strict adherence to privacy laws and impeccable financial services, attracting clients from around the world.

    Switzerland’s banking sector is known for its strong regulation and supervision, ensuring the stability and integrity of the financial system. The country has strict anti-money laundering laws and a robust regulatory framework, making it a trustworthy and reliable destination for banking.

    Swiss banks offer a wide range of financial services, including wealth management, asset protection, investment banking, and private banking. They are known for their expertise in managing assets and providing tailored solutions for clients’ financial needs.

    Switzerland is home to some of the world’s largest banks, such as UBS and Credit Suisse, as well as numerous private banks and wealth management firms. These institutions have a global presence, offering services to clients in multiple jurisdictions.

    The Swiss banking sector benefits from the country’s political stability, strong economy, and skilled workforce. Switzerland has a well-developed infrastructure, a highly educated population, and a business-friendly environment, making it an attractive destination for financial institutions.

    Swiss Bank License vs Swiss Fintech License

    Traditional Bank License

    Light Fintech Banking Licence

    Industry

    Banking Banking

    Regulator

    FINMA FINMA

    Est. total costs (not counting employees)

    Expect total costs of approximately CHF 450,000, based on the estimates below:

    (1) Writing business plan, help with sourcing employees, management and coordination;

    (2) Outside legal;

    (3) Audit firm to draft the internal guidelines; and

    (4) Audit of the application (required by law)1; this includes the legal work and documents as set forth in the FINMA guidelines.

    (5) Miscellaneous CHF 25,000

    (6) FINMA fees, CHF 5-20,000

    Expect total costs of approximately CHF 250,000 – CHF 350,000 based on the estimates below:

    (1)  Writing business plan, help with sourcing employees, management and coordination;

    (2) Outside legal (if req.)

    (3)  Audit firm to draft the internal guidelines; and

    (4)  Audit of the application (required by law)2; this includes the legal work and documents as set forth in the FINMA guidelines.

    (5) Miscellaneous CHF 25,000

    (6) FINMA fees, CHF 5-20,000

    Minimum capital

    CHF 10 million CHF 2 million OR 3% of deposits

    Public deposits

    Unlimited Max CHF 100 million

    Use of Deposits

    Lending and deposit business Deposit business only, no lending (no interest margin business)

    Capital and liquidity requirements

    As per Banking Act None

    Supervision and monitoring

    Normal auditor; annual audits Reduced requirements and frequency

    Accounting

    As per Banking Act As per Swiss Code of Obligations

    Deposit guarantee

    As per Banking Act None

    Organisational requirements

    Comprehensive, as per Banking Act Exceptional relaxation of requirements possible

    Licensing requirements

    See Bank License Guidelines, below See Fintech License Guidelines, below

    Employee requirements

    The bank will need a team of employees with solid prior banking experience. We can help provide proper staff. Expect approx. CHF 1.5 to 2 million per year salary costs The Fintech will need a team of employees with solid prior banking experience. We can help provide proper staff. Expect approx. CHF 500,000 per year salary costs (+/-).

    1 These are fair estimates, but can be more or less, depending on many factors. Plan for CHF 20 million

    2 These are fair estimates, but can be more or less, depending on many factors. Plan for CHF 20 million

    Basic Details

    Target Price:

    $750,000

    Business ID:

    L#20240638

    Country

    Switzerland

    Detail

    Business ID:L#20240638
    Property Type:Financial Services
    Target Price: $750,000
    Contact M&A Advisor






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      Switzerland has long been known as a global financial hub, renowned for its stability, security, and privacy. Its banking sector is one of the most prominent in the world, attracting wealthy individuals, corporations, and institutional investors seeking a safe haven for their assets.

      The Swiss banking industry has a long history dating back to the 18th century, when wealthy families sought a discreet and secure way to store their wealth. Swiss banks quickly gained a reputation for their strict adherence to privacy laws and impeccable financial services, attracting clients from around the world.

      Switzerland’s banking sector is known for its strong regulation and supervision, ensuring the stability and integrity of the financial system. The country has strict anti-money laundering laws and a robust regulatory framework, making it a trustworthy and reliable destination for banking.

      Swiss banks offer a wide range of financial services, including wealth management, asset protection, investment banking, and private banking. They are known for their expertise in managing assets and providing tailored solutions for clients’ financial needs.

      Switzerland is home to some of the world’s largest banks, such as UBS and Credit Suisse, as well as numerous private banks and wealth management firms. These institutions have a global presence, offering services to clients in multiple jurisdictions.

      The Swiss banking sector benefits from the country’s political stability, strong economy, and skilled workforce. Switzerland has a well-developed infrastructure, a highly educated population, and a business-friendly environment, making it an attractive destination for financial institutions.

      Swiss Bank License vs Swiss Fintech License

      Traditional Bank License

      Light Fintech Banking Licence

      Industry

      Banking Banking

      Regulator

      FINMA FINMA

      Est. total costs (not counting employees)

      Expect total costs of approximately CHF 450,000, based on the estimates below:

      (1) Writing business plan, help with sourcing employees, management and coordination;

      (2) Outside legal;

      (3) Audit firm to draft the internal guidelines; and

      (4) Audit of the application (required by law)1; this includes the legal work and documents as set forth in the FINMA guidelines.

      (5) Miscellaneous CHF 25,000

      (6) FINMA fees, CHF 5-20,000

      Expect total costs of approximately CHF 250,000 – CHF 350,000 based on the estimates below:

      (1)  Writing business plan, help with sourcing employees, management and coordination;

      (2) Outside legal (if req.)

      (3)  Audit firm to draft the internal guidelines; and

      (4)  Audit of the application (required by law)2; this includes the legal work and documents as set forth in the FINMA guidelines.

      (5) Miscellaneous CHF 25,000

      (6) FINMA fees, CHF 5-20,000

      Minimum capital

      CHF 10 million CHF 2 million OR 3% of deposits

      Public deposits

      Unlimited Max CHF 100 million

      Use of Deposits

      Lending and deposit business Deposit business only, no lending (no interest margin business)

      Capital and liquidity requirements

      As per Banking Act None

      Supervision and monitoring

      Normal auditor; annual audits Reduced requirements and frequency

      Accounting

      As per Banking Act As per Swiss Code of Obligations

      Deposit guarantee

      As per Banking Act None

      Organisational requirements

      Comprehensive, as per Banking Act Exceptional relaxation of requirements possible

      Licensing requirements

      See Bank License Guidelines, below See Fintech License Guidelines, below

      Employee requirements

      The bank will need a team of employees with solid prior banking experience. We can help provide proper staff. Expect approx. CHF 1.5 to 2 million per year salary costs The Fintech will need a team of employees with solid prior banking experience. We can help provide proper staff. Expect approx. CHF 500,000 per year salary costs (+/-).

      1 These are fair estimates, but can be more or less, depending on many factors. Plan for CHF 20 million

      2 These are fair estimates, but can be more or less, depending on many factors. Plan for CHF 20 million

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