Open Banking in Switzerland
Open Banking in Switzerland follows a market-driven approach: Since 2020, SIX has been offering a standardised infrastructure through bLink, while Hypothekarbank Lenzburg has been pioneering with its Finstar platform.
Qwist offers its ndgit Open Banking Suite:
- a robust and secure API delivery
- support for typical Open Finance use cases with third-party authorisation
- continuous updates for regulatory changes
Country-specific characteristics and challenges
Market profile and growth potential
Switzerland is pursuing a market-driven approach to Open Banking: With platforms such as SIX’s bLink and pioneering initiatives like Hypothekarbank Lenzburg’s Finstar system, the first scalable solutions are already in place. At the same time, industry initiatives such as the SFTI Common API and OpenWealth are driving the standardisation of interfaces in areas including payments, lending and wealth management, gradually shaping an interoperable financial ecosystem.
Although adoption in the retail banking segment remains cautious, studies indicate growing consumer interest and potential for switching in Switzerland. More than a quarter of banks already offer APIs, with further institutions planning to follow suit. Thanks to its strong fintech landscape, favourable conditions and industry-driven momentum, Switzerland is considered a promising location for the continued development of Open Banking and Open Finance.
connected financial institutions
11
representations in European countries
#1
Open Banking provider in the DACH region
BaFin
Certified
Qwist products
for Switzerland
Outlook for Open Finance in Switzerland
Problems and perspectives
How well is Switzerland prepared for Open Finance?
Switzerland is generally well positioned for Open Banking but relies on a market-driven approach rather than regulatory pressure. With initiatives such as SIX’s bLink and API standards developed by SFTI and OpenWealth, important foundations have already been laid.
Open Banking worldwide 2025 – global insights
We have analysed the global state of Open Banking development and summarised the findings, with the support of numerous experts, in a report of over 50 pages.
Discover more about:
- The state of Open Banking development across all continents and leading countries
- A maturity index for all analysed countries
- Regional challenges, opportunities and the most common use cases
- The global integration of banking ecosystems since 2019