SwissBanking
The online magazine of the Swiss Bankers Association
December 13, 2017

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Actively shaping transition

Actively shaping transition

Dear readers

New providers, products and services on the market, tough competition for customers and a world that is becoming increasingly smaller and moving ever faster: the fact that our financial centre is in a period transition is something you experience every day.
Herbert J. Scheidt
by Herbert J. Scheidt, Chairman

Nevertheless, the banks remain an important pillar of the Swiss economy, which you can read about in this issue of insight.

We also show you how the financial centre is shaping the structural change that is underway. Open banking solutions are being further developed with a particular focus on customer benefit, security and maintaining trust. The harmonisation of payment transactions is also representative of the progress being made with regards to the digitalisation of banking and will make things more straightforward, in particular for SMEs, administrations and organisations. In an interview, Michael Schoch, Head of Banks division at FINMA, talks about how the supervisory authority is also closely following digitalisation and is advocating for technology-neutral regulation.

Being able to report to you about all of these developments makes me very happy and fills me with optimism because at the end of 2017, the financial centre is concerning itself primarily with one thing: its future.

I hope that you enjoy reading this issue of insight and wish you every success in 2018.

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The SBA reserves the right not to publish comments. This applies in particular to comments that are offensive, irrelevant or do not address the topic. It also applies to comments written in dialect or a foreign language (except for French, English and Italian). Comments posted under pseudonyms or obviously false will also not be published. Comments are moderated.