Background and context
The SIF consultation on Swiss fintech regulation marks an important step for the Swiss financial centre. It focuses on proposed changes to the Federal Act on Financial Institutions.
In response, the Swiss Fintech Association (SFA) has submitted a detailed position paper. The document reflects the practical experience of licensed FinTechs and active applicants in Switzerland.
Industry-driven input
The SFA contribution to the SIF consultation on Swiss fintech regulation is based on continuous dialogue with market participants. In addition, the FinTech Coalition K2 supported the work with coordinated industry input.
Together, these organisations represent a broad part of the Swiss fintech and blockchain ecosystem. As a result, the position paper reflects real operational challenges.
Key regulatory concerns
First, the SFA highlights the need for faster and more predictable licensing procedures. Long approval timelines increase costs and reduce Switzerland’s international appeal.
Second, the paper addresses proportional regulation. Excessive capital and group supervision requirements often do not reflect the actual risk profile of fintech business models.
Moreover, the SFA compares the Swiss framework with competing jurisdictions. These include the EU, the UK, and several global fintech hubs.
Crypto and payment services
Within the SIF consultation on Swiss fintech regulation, the paper also focuses on crypto-related services. It clearly distinguishes between payment-related activities and higher-risk custody or investment services.
Accordingly, the SFA supports a risk-based approach. This approach aligns Swiss regulation with international best practices while preserving innovation.
Legislative recommendations
Furthermore, the position paper contains an article-by-article review of the draft legislation. Each recommendation aims to improve legal clarity and operational feasibility.
Overall, the SFA seeks a balanced framework. The goal is to combine financial stability with innovation and long-term competitiveness.
Conclusion
In its response to the SIF consultation on Swiss fintech regulation, the SFA supports a strong, future-ready Swiss financial centre.
Download the full position paper:
SFA Proposal to the SIF Consultation (PDF)
Related links:
State Secretariat for International Finance (SIF)
Swiss Fintech Alliance (SFA)
FINMA
