Fintech refers to new technologies that seek to improve and automate the delivery and use of financial services. The fintech sector has expanded rapidly in recent years due to increasing demands for higher transparency, user-friendly processes, cost-efficiency and, above all, digital solutions. As a result, fintech payment institutions have emerged as non-bank providers to reshape the way financial transactions are made.
In Switzerland, amnis is supervised by the Financial Services Standards Association VQF within the framework of the Money Laundering Act. The VQF is a self-regulatory organization recognized by the Swiss Financial Market Supervisory Authority FINMA and independently verifies compliance with the standards of financial intermediaries in the Swiss parabanking sector. In the European Economic Area (EEA), amnis is a licensed payment institution according to Art. 1 Para. 1 Lit. d of the Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015. amnis is regulated in Liechtenstein and supervised by the Financial Market Authority Liechtenstein FMA, which continuously monitors compliance with the applicable legal norms.
In the EEA, client funds are held in segregated accounts according to Art. 20 Abs. 1 Bst. a ZDG, which are monitored by the supervisory authority as well as by the auditors. Hence, in the unlikely event of AMNIS Europe AG ceasing to exist, your money remains protected. In Switzerland, customer funds are systematically segregated from operational funds at all times in the interest of customers and held in separate accounts at tier 1 partner banks with first-class credit ratings only.
Our platform provides a role based, hierarchical security model with two-step authentication and multi-factor authentication for sensitive systems. All access is logged and audited for suspicious behaviour.
amnis ensures that client accounts are secure with multiple protective features. These include a solid basic infrastructure, SSL encryption, regular IT audits and penetration tests, as well as account access through two-factor authentication (2FA).
Our service operates on Microsoft Azure in Switzerland, which is certified under a number of global compliance programmes and that underlines best practices in terms of data centre security:
- ISO 27001 Information Security Management Controls
- SOC 1, SOC 2 and SOC 3
- FINMA-certified servers
For the full list of Microsoft compliance programs please click here.
amnis is backed by some leading names including Lansdowne Partners, Spicehaus Ventures and Bank WIR.
If you have any further questions about regulations at amnis, please contact us here.