Switzerland Launches Green Fintech Network

The Federal Council sees sustainable finance as a great opportunity for the Swiss financial centre. The combination of sustainable financial services and digital technology (green fintech) is particularly promising. For this reason, the State Secretariat for International Finance (SIF), together with industry representatives, launched the Green Fintech Network on 3 November 2020.

State Secretary Daniela Stoffel laid the foundation for the Network at a virtual meeting with the industry. The aim of the Network is to ensure close cooperation between SIF and key specialists from the Swiss green fintech ecosystem. Accordingly, the main industry players are represented in the Network:

–      Green fintech companies
–      Green fintech associations
–      Risk capital firms
–      Universities/universities of applied sciences
–      Consultancy firms and law firms

The Green Fintech Network’s mandate is to identify areas in which the conditions for green fintech in Switzerland could be improved. The Network should then submit concrete proposals to both the government and the private sector. Finally, the Network should assist in the implementation of measures.

The results of the Green Fintech Network’s initial activities will be recorded in an action plan, which is due to be published in spring 2021.

Source: SIF

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