Founder naivety or regulatory overreach?
Amid frequent media criticism of Switzerland’s supposedly heavy-handed financial oversight, many founders and investors claim that the real problem is overregulation. They argue that FINMA has applied bank-level standards to fintech start-ups, demanding governance, capital and risk management structures far beyond what small teams can handle. In their view, the regulator “doesn’t get fintech”, enforcing prudence designed for traditional banks but ill-fitted to digital-first…
