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swiss banks embrace digital transformation to enhance innovation and competitiveness

Richard Hess, Head of Digital Finance at the Swiss Bankers Association, emphasizes the importance of digitalization for Swiss banks, highlighting their innovative efforts despite regulatory challenges. He notes that the association fosters collaboration among banks, fintechs, and authorities to enhance the financial sector's resilience and competitiveness. Recent initiatives include studies on digital wallets and quantum computing, aimed at bridging the gap between knowledge and implementation in the banking industry.
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