Banking blog
Our latest banking industry knowledge and insights
Join us: for a reality check on keeping up with digital champions on the 9th of November 2023
We would like to invite you to the upcoming event on the 9th of November 2023 in Vaduz, Liechtenstein. The topic of this event will be on the latest findings and current trends in digitalisation in the field of private banking. This event is organised by the Liechtenstein Bankers Association. Outstanding experts from Liechtenstein's banking world as well as representatives from Deloitte and Salesforce will be present.
Join us: on the 9th of November 2023 in Geneva at the BSCC event on Nature-related risks and Nature-based investment solutions
This important event builds on the memorable visit last year to the BSCC Geneva Chapter of Patrick Odier, Chair of Building Bridges, by demonstrating how nature-focused mindset and business are becoming mainstream.
Swiss and European Fund Investor Taxation Event on the 15th of November 2023
We would like to invite you to our upcoming in-person tax event taking place on Wednesday, 15th of November 2023 at 4.30 pm CET at our office in Zurich.
Navigating the future of payments: Second Deloitte Future of Payments event in Zurich, 19th October 2023
The second Deloitte Future of Payments event in Zurich on 19th October 2023 was a stimulating exploration of insights, innovations and trends that are shaping the payments sphere, both globally and in Switzerland. The event included keynote speeches and a panel session with experts from the payments industry and the regulatory community. Furthermore, attendees were able to forge valuable connections with others in the industry.
Join us: at Building Bridges Event on October 2-5 in Geneva to learn about the latest trends in sustainable finance and connect with other change makers
Deloitte is proud to be a Silver sponsor of Building Bridges 2023, and to contribute to this unique movement.
The next edition of Building Bridges will take place on October 2-5 at the CICG in Geneva to leverage the power of finance for the Sustainable Development Goals.
Join our Global Wealth Management webinar: Win the race for assets
Various trends are currently shaping the wealth management industry, including the rising importance of sustainability, the acceleration of digitization, as well as shifting client needs to highlight just a few. Over the past year, the global banking industry has been confronted with earth shaking news such as: the collapse of Silicon Valley Bank, UBS buying Credit Suisse, or JP Morgan Chase buying First Republic Bank. At Deloitte, a leading advisory/consultancy firm in the Wealth Management industry we are committed to supporting clients in their journey and to helping them shape innovative solutions for industry's challenges. For this purpose we have created a global webinar series following the wealth management trends identified in a recent study.
Please join us on Tuesday, 26 September 2023 at 10 am (CEST) for a virtual webinar
Transforming Switzerland’s payments landscape: Benefits for banks with ISO20022 and instant payments
The implementation of the ISO20022 offers a great opportunity to transform and modernise banking operations and payments.
The SBA guidelines on energy efficiency in mortgages: Where things stand 180 days before coming into force
The self-regulation guidelines from the Swiss Bankers Association (SBA) on the promotion of energy efficiency in mortgages have shone a sudden spotlight on the subject of ESG in financing. While the current guidelines are limited in scope, they nevertheless present challenges for banks in Switzerland, as they may well be extended in the future. Banks are well advised to adjust their lending operating model not only in the short term, but also strategically for the longer term.
Challenger banks: profitability and cost efficiency in uncertain times
This blog is the second publication in our blog series. In our previous blog entitled ‘Challenger banks: Disrupting the Swiss market’, we outlined the history of banks, the different categories of Challenger banks and how they can mitigate the risks they are facing. In this blog, we further explore the various obstacles that Challenger banks are facing today, such as economic and political difficulties, and provide recommendations on how to navigate these hurdles and grow in the years to come.
Challenger banks are facing significant threats to their survival due to economic obstacles. Their growth has slowed, and most have not yet achieved profitability or are currently operating at a loss. Overall business development strategy, regulatory & compliance, and data security have developed into important focus areas if they are to become sustainably profitable and compliant. To withstand the current economic and geopolitical uncertainties, Challenger banks should act promptly by revaluating their strategic course.
How next-generation retail payments solutions lower operating efforts for merchants and corporates
Customers today expect a seamless omni-channel shopping experience with directly integrated payment options. Recently technical progress and the tokenisation of retail payment transactions have enabled omni-channel use cases. In this article we explain how omni-channel payments work in practice and how merchants and corporates are able to benefit from this modern payment solution.
Global Minimum Tax: Swiss voters pave the way for implementation in 2024
In the popular vote on 18 June 2023, Swiss voters approved the most extensive change to the Swiss corporate tax system in over a century with a wide majority. With the amendment of the Swiss constitution the Swiss voters have paved the way for the Swiss legislator to introduce the global minimum tax (also referred to as “Pillar II”) in Switzerland.
Pillar II introduces an additional layer of taxation (tax law) to Swiss constituent entities of multinational enterprises in scope of the rules and introduces a corporate group taxation system in Switzerland with a mandatory tax of 15% that is determined under a new tax basis (“GloBE”).
The magnitude of change is significant and will redefine the Swiss corporate tax environment in the years to come.