PSD2 – What is it and why should I care?

PSD2

What is “PSD2”? On May 6th the European Parliament and Council of Ministers reached a political consensus on the new EU Payment Services Directive (PSD2). The first plans were discussed as early in 2013 and for many tech-companies the consensus has been awaited. What is the fuss all about? Until now, banks have been able to deny payment-service-providers...

Factoring Mistakes – Three common mistakes when using factoring

Factoring Mistakes

Three common factoring mistakes Factoring is a growing need for easy-to-understand financial services. Many businesses today consider to use factoring services to improve their cash balance. What most businesses quickly realize when considering using traditional factoring is how much headaches the complex contracts can cause. In this article you can find three common...

YES! Advanon wins VentureKick I & II!

Advanon wins VentureKick

Advanon wins VentureKick I & II Very recently, Advanon won the second stage of VentureKick and got awarded with CHF 20’000. Our online platform that shall make financing of small & medium businesses (SMBs) easier and more flexible, now got a total of 30’000 CHF awarded by them! Started in September 2007 VentureKick provides spin-off projects at Swiss...

Financial institutions begging to be disrupted

Financial Institutions disrupted

Financial institutions begging to be disrupted How is it possible that Financial Institutions are being disrupted at a time when consumers could hardly be less happy with their financial institutions? There are a number of explanations, but the clearest and most convincing is net interest spread: the difference between the yield banks receive from money they loan and...

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