Digital Client On-boarding in Financial Services

Get up-to-date on the most important changes during the consultation phase

On 18 March 2016 the FINMA Circular 2016/7 “Video and online identification” en-tered into force. With the circular FINMA enabled financial intermediaries to on-board new customers using video conferencing and online procedures.

According to FINMA, initial experiences in connection with video and online identifi-cation have shown that some of the rules are not yet or are no longer optimally suited to financial markets or financial intermediaries. The circular is therefore being amended to take into consideration the feedback as well as the technological changes that have occurred in the interim. Currently the draft of the new circular is in consultation phase.

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Christian Hug
Risk Assurance, Senior Manager
Tel. +41 58 792 23 66

Claudia Hösli
Risk Assurance, Senior Manager
Tel. +41 58 792 14 85

Marco Schurtenberger
Risk Assurance, Senior Manager
Tel. +41 58 792 22 33

Published by

Christian Hug

PwC Zürich
Birchstrasse 160
Postfach | CH-8050 Zürich
+41 58 792 23 66

Christian Hug is a Senior Manager with PwC in Switzerland and leader of the Information Governance services. In this function he advices Swiss and International organisations in matters around governing and managing information (documents and data). The services enable organisations to effectively digitalise business processes, manage their risk exposure and create value from business information.