FinTech and InsurTech
Zurich is evolving into a dynamic FinTech hub. Apart from numerous start-ups, incubators and accelerator programmes are being set up.FinTech and InsurTech strengthen the Financial Centre
The advance of digitalisation is radically changing many industries. Banking and insurance are no exception. Personal service is important, but digital communication and distribution channels are gaining ground. The same is true for the automation of administrative processes, digital support in advisory services and the creation of new products. The Covid-19 pandemic has given additional impetus to these developments.
The future success of individual banks and insurance companies in the Zurich financial centre will largely hinge on the availability and effective use of forward-looking solutions such as blockchain technology. This will, however, require substantial, far-sighted investments and bold action. The financial centre has risen to the challenge. Local banks and insurance companies are resolutely driving digitalisation forward.
The Zurich region has evolved into one of the leading FinTech hubs in Europe and worldwide. The region is home to a growing number of innovative companies in the field of financial and insurance technology industries (FinTech/InsurTech), attracting the highest number of start-ups in Switzerland in this field.