Fintech startups deliver to large companies

Whether the goal of large companies is entering the digital assets market or making sustainable reporting easy, Swiss startups have a wide pallet of solutions. Four startups have enabled their new corporate customers to launch new solutions.

Wyden (formerly AlgoTrader), a leading provider of institutional trading technology for digital assets, has won its first banking client in Germany, Baader Bank AG, to serve German neobroker zero. Through the joint setup, retail customers of zero now have the opportunity to trade with 24 of the largest and best-known cryptocurrencies around the clock, including Bitcoin, Ether, Uniswap, Polygon and Polkadot. Wyden provides its cloud-based digital asset order and execution management platform for this purpose, while Baader Bank acts as a financial commission agent. Together, secure trading is thus made possible for zero customers via a German credit institution. The open architecture and multi-client capability of the Wyden platform, together with Baader Bank’s banking expertise, allow additional partners from the brokerage and neobrokerage sectors as well as the institutional sector to be connected.

Metaco wins leading Phillipine’s largest bank
Union Bank of the Philippines, one of the largest universal banks in the Philippines, has gone live on METACO’s flagship platform, Harmonize, a digital asset custody and orchestration platform. As one of a select cohort of institutions granted a crypto license under the supervision of the Bangko Sentral ng Pilipinas (BSP), the bank is launching a pilot program for Bitcoin (BTC) and Ethereum (ETH) custody and trading services for select retail customers. The move marks a major step forward in the bank’s exploration of blockchain technology, which follows other similar digital asset initiatives, such as launching its stablecoin for remittance payments or launching its presence in the Metaverse economy. UnionBank has joined METACO’s customer base of Tier 1 banks and financial institutions in the digital asset ecosystem. The startup has established a strong track record in multiple jurisdictions, with partners including CitiBank, Société Générale-Forge, Standard Chartered and BBVA Switzerland.

Rivero becomes Visa Fintech Partner
Rivero is a fintech provider pioneering SaaS solutions s for payment players to digitalise and automate their payment operations and compliance processes. Its product Amiko is a Fraud Recovery and Dispute Management SaaS solution, creating a new way to tackle fraud reporting, fraud recovery and cardholder disputes. Kajo is its solution designed for and tailored to the scheme license compliance management. The startup has now joined Visa Fintech Partner Connect, a program providing access to a selection of best-in-class and trusted technology partners. Visa Fintech Partner Connect connects Visa’s clients with carefully selected fintech partners in addition to Visa’s own offering. Fintech Partner Connect enables Visa’s clients to meet their customers’ demand for new digital experiences by facilitating quick access to the latest in Fintech innovation. Rivero is the first Swiss Fintech to join the program of carefully selected fintech partners.

Pelt8 and AXA launch Green Calculator for SMEs
Based in Zurich, Pelt8 developed a cloud solution that helps companies collect and report their sustainability data verifiably to ensure ESG assurance. Over the past three months, the startup worked with AXA Switzerland’s Open Innovation team to develop a Quick Calculator to help Swiss SMEs get first high-level insights into their main emission poles. The resulting Tool is now live.