FAST FACTS
PostFinance is one of Switzerland’s leading retail financial
institutions and the number one provider for Swiss payment
transactions.
PostFinance has over 2.9 million customers, including 40 percent
of Swiss citizens.
PostFinance Ltd is a fully-owned subsidiary of Swiss Post Ltd,
regulated by the Swiss Financial Market Supervisory Authority
(FINMA).
PostFinance , one of Switzerland’s
leading retail financial institutions, holds
accounts for around 2.9 million customers,
meaning that almost 40 percent of Swiss
citizens are PostFinance customers.
As a government-owned entity, PostFinance has the
obligation to provide payments services to consumers and
companies throughout Switzerland, and currently processes
over 1 billion transactions per year, making it the largest
payments provider in Switzerland.
Apart from payments, PostFinance also provides
customers with investment solutions including mutual
funds, retirement funds, and structured products. In recent
years, customer assets at PostFinance have quadrupled
to its current level of CHF 120 million, making PostFinance
one of the major financial services players in Switzerland.
PostFinance started its relationship with TCS in 2011, using
TCS BaNCS for Securities Processing to manage its funds
administration, foreign exchange, and money market
products.
In 2014, PostFinance launched a four-year “Master Plan”
initiative to complete the core banking transformation
onto TCS BaNCS, including full support for the ISO 20022
standard for payments. The Go-Live was scheduled for Easter
weekend starting at the end of March 2018.
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