BCGE - BCGE takes a holding in SwissSign Group Ltd.

As part of its digital strategy, the Banque Cantonale de Genève has acquired a 3% stake in SwissSign Group Ltd., the leading digital identification joint venture of major players in the public, banking and insurance sectors in Switzerland.

 

A key digital player in Switzerland

SwissSign Group Ltd. is a joint venture founded in 2018 for the creation and implementation of an e-ID standard (SwissID) in Switzerland. With the proliferation of digital identities, generally more than 20 for a single individual, SBB, Swiss Post, Swisscom, leading companies in the banking and insurance and health insurance sectors joined forces in a joint venture that aims to offer a simple, secure and open digital identification system that complies with all legal requirements in terms of user data protection.

 

SwissSign's ultimate goal is to create a single Swiss standard. This should enable the user to obtain a maximum degree of security, whether for his transactions relating to online financial services, online insurance, online purchases, medical care or even electronic voting.

 

BCGE contributes to the national digital infrastructure

With this participation, BCGE is completing and developing its digital strategy. The alliance of powerful players in the fields of technology and finance will offer the user multiple possibilities while preserving the security of their personal data.

 

BCGE thus joins the capital of a leader in digital identification in Switzerland. The bank's CEO, Blaise Goetschin, says the following on the subject: "This participation enables BCGE to affirm the presence of the cantonal banks in this major strategic project on a national scale. This also strengthens the shareholder base of SwissSign Group Ltd. in French-speaking Switzerland."

 

Markus Naef, CEO of SwissSign Group Ltd. says: "We are very pleased that the Banque Cantonale de Genève has decided to participate in SwissID as this will broaden the support base of joint venture, particularly in French-speaking Switzerland. This expansion shows the high level of interest that the Swiss economy has for an efficient and secure digital identity."