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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Contacts

Christian Hug
Risk Assurance, Senior Manager
christian.hug@ch.pwc.com
Tel. +41 58 792 23 66

Claudia Hösli
Risk Assurance, Senior Manager
claudia.hoesli@ch.pwc.com
Tel. +41 58 792 14 85

Marco Schurtenberger
Risk Assurance, Senior Manager
marco.schurtenberger@ch.pwc.com
Tel. +41 58 792 22 33

Electronic invoicing (e-invoicing) – A guide for organisations and institutions

Electronic invoicing (e-invoicing) has considerable advantages over conventional paper-based billing in terms of costs and working capital management. More and more public authorities and organisations from small businesses to multinationals are tapping into these benefits. Organisations that stick with conventional billing increasingly have to pay extra charges or are even barred from doing business with partners who operate electronically. Introducing e-invoicing does entail challenges, uncertainties and risks – but nothing that can’t be addressed with the right planning and implementation.

This brochure is designed as a guide to help people managing SMEs and institutions who are planning and implementing an electronic invoicing system. You’ll find a summary of the most important legal matters to consider, the pros and cons of e-invoicing, and the main risks. We also give recommendations on what to look out for when introducing e-invoicing, as well as the best way to proceed. Rather than addressing all the tax and commercial law implications in exhaustive detail, we’ve deliberately focused on the key matters relevant under Swiss legislation.

We would be happy to assist you and answer any questions you may have about the introduction of e-bills in an international context.

You’ll find the full guide here.

If you’d like to discuss your plans for introducing electronic invoicing with an expert, please feel free to contact our specialists:

Christian Hug
Information Governance
Telefon: +41 58 792 23 66
christian.hug@ch.pwc.com

Jochen Richner
Tax Technology Solutions Leader
Telefon: +41 58 792 57 55
jochen.richner@ch.pwc.com

Christopher Oehri
Director, Assurance
Telefon: +41 58 792 27 57
christopher.oehri@ch.pwc.com

And there’s more information on how to deal strategically with digitised documentation and data in the latest edition of our web magazine Disclose.