News and insights
We know how important it is to have reliable information, facts and background details as good decision-making tools. In our press releases, you can find the latest news about Bank Frick. We provide specialist knowledge about the financial market – both conventional and blockchain-based – in our in-depth blog posts. If you would like to hear exciting updates about the cryptocurrency market, then dive into our Crypto Industry Reports.
News and insights
The Blockchain Act: new business for the entire sector
The Blockchain Act sees Europe’s most comprehensive blockchain regulation come into effect in Liechtenstein. The Blockchain Act creates far-reaching legal certainty for the still fledgling blockchain industry and therefore plays a key role in its professionalisation. Bank Frick benefits from this development and is able to further consolidate its role as the leading blockchain bank.
Künstliche Intelligenz in bankinternen KYC-Prozessen
Künstliche Intelligenz (KI) gilt heute als globaler Megatrend und verspricht effizientere Lösungen für beinahe alle Lebens- und Wirtschaftsbereiche – die Technologie steckt allerdings noch in den Anfängen. Die Frage, ob Finanzinstitute künftig von KI-basierten, automatisierten Know-your-Customer(KYC)-Prozessen profitieren, bedarf daher einer sorgfältigen Analyse.
The shift to Ethereum 2.0
Starting in 2020, the transition to Ethereum 2.0 will be a major event, with implications beyond the crypto industry. Not only will the upcoming Serenity update lead to a proof-of-stake (PoS) mechanism, but also to a massive scalability increase due to off- and on-chain scaling efforts, as well as the possibility of writing decentralised applications (dApps) in any programming language. This combination of improved scalability and lower barrier of entry for developers will bring great opportunities. Ethereum 2.0 will be fully operational in 2021, yet thorough analysis is important now.
Blockchain-Banking 2.0: Von bestehenden Geschäftsmodellen zur Kooperation
Seit dem beginnenden Höhenflug des Bitcoins und dem Hype um Kryptowährungen sowie der zugrunde liegenden Blockchain-Technologie sind bereits zwei Jahre vergangen. Seitdem sind immer mehr Finanzinstitute involviert, welche die neue Technologie für sich und ihre Kunden nutzen wollen. Das so entstandene Blockchain-Banking lässt sich bereits in zwei Phasen unterteilen. Wohingegen in der ersten Phase bestehende Geschäftsmodelle auf neue Kundensegmente angewendet wurden, setzt der Erfolg im Blockchain-Banking 2.0 erheblich mehr Aufwand voraus – Kooperation statt Konkurrenz ist dabei ein Kernkriterium.
Ohne Banken geht es nicht
Der Blockchain-Markt hat sich vom anfänglichen Wilden Westen zu Zeiten des Kryptobooms verabschiedet und ist reifer geworden. Hiervon profitieren alle Marktteilnehmer. Insbesondere Banken und Finanzintermediären bieten sich vielversprechende Möglichkeiten.
Die Psychologie der Anleger
Rationale und effiziente Anlageentscheidungen bilden einen Idealzustand, der in der Realität nur selten eingelöst wird. Dennoch hält sich bis heute die These des Homo oeconomicus, der seinen Nutzen maximiert – trotz nachgewiesener Selbstüberschätzung, mangelnder Information oder emotionaler Abhängigkeiten. Das interdisziplinäre Fachgebiet Behavioral Finance untersucht diese Mechanismen und bietet Finanzintermediären wie Privatpersonen interessante Lösungsansätze für nachhaltige Anlageentscheidungen.
Cybercrime and crypto
Nowadays, cybercrime is often mentioned in the same breath as crypto assets such as bitcoin and Ether. While this may be understandable given the much-quoted anonymity of such assets, the question remains whether they really are a suitable target for fraudsters. After all, authorities and financial intermediaries are still able to trace and analyse payment flows many years further down the line. This is highlighted by cases such as MtGox and Silk Road, for which proceedings are still ongoing even years after irregularities came to light, with ever more involved wallets being identified.
Bank Frick records higher income and more investments in 2018
In the past financial year, Bank Frick operated in a challenging market environment. Despite this, the Bank managed to achieve higher income than in the previous year across all areas. Bank Frick also invested significantly more than planned in order to reach the set targets faster. The annual results of CHF 4.2 million were thus lower than budgeted (CHF 5.2 million).
Bank Frick: strategic reorganisation of the Management Board
Bank Frick is restructuring its Management Board. The organisational structure is being adapted to the needs of a tech-savvy bank for intermediaries. Michael Dolzer will become a Management Board member and COO on 1 May 2019. To date, Dolzer has been Head of Business Technologies and Innovation Management. CCO Hubert Büchel has decided to take on a new position outside the Bank. CEO Edi Wögerer will assume responsibility for the new Customer Relations division.
Crypto certificate as a token and classic security – Bank Frick and Bitcoin Suisse present innovative product
Bank Frick is issuing an active BTC-ETH tracker, with Bitcoin Suisse acting as the blockchain service provider and prime crypto broker. As of today, the certificate is available as both a classic security and a token and is thus suitable for traditional and blockchain-savvy investors. Its underlying assets are Bitcoin (BTC) and Ether (ETH). Qualified investors can thus diversify their portfolios in a simple manner with cryptocurrencies.
From ICOs to token offerings
While more funds were collected with initial coin offerings (ICOs) in 2018 than ever before, the still relatively young market remained exposed to considerable influences. Following significant price losses and regularly occurring cases of fraud, regulators around the world are increasingly devoting their attentions to the risks and opportunities of this new asset class – and this is especially true of the U.S. Securities and Exchange Commission (SEC). Issuers and investors are welcoming the emerging legal certainty, as there is no real interest in a Wild West environment. Their focus is therefore being placed on the regulated version of an ICO – the security token offering (STO). A successful process needs to be planned, however.
Private debt – more capital market, less bank
Even in times of low interest rates, investors look for ways to diversify their portfolios in the hope of achieving attractive returns. This is a situation which Bank Frick – with its focus on intermediaries – also has to address. At the same time, SMEs are increasingly having problems with financing due to their valuation risks and the stricter regulation of banks under the Basel III reform package, and are therefore turning their backs on classic credit institutions. A potential solution for both sides is private debt, which is becoming an interesting form of investment for asset managers and their clients thanks to digitalisation.