BCGE makes digital strategy push

Banque Cantonale de Genève (BCGE) has strengthened its digital strategy with the acquisition of 3% stake in SwissSign Group, a digital identification IT company in Switzerland.

SwissSign Group is a joint venture founded in 2018 for the creation and implementation of an e-ID standard (SwissID) in Switzerland. With the proliferation of digital identities, generally more than 20 for a single individual, SBB, Swiss Post, Swisscom, leading companies in the banking and insurance and health insurance sectors joined forces in a joint venture that aims to offer a simple, secure and open digital identification system that complies with all legal requirements in terms of user data protection.

Blaise Goetschin, CEO of BCGE said: “This participation enables BCGE to affirm the presence of the cantonal banks in this major strategic project on a national scale. This also strengthens the shareholder base of SwissSign Group in French-speaking Switzerland.”

SwissSign’s goal is to create a single Swiss standard, which will enable the user to obtain a maximum degree of security of their personal data.

ABOUT THE AUTHOR
Ridhima Sharma
Ridhima Sharma speaks German and is DACH Correspondent for InvestmentEurope. She has more than 8 years of experience in the media industry. Before joining us, she was working in India and covering automotive and lifestyle sectors. Over the years many of her stories have been published in various magazines across India.

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