B2B Payments bank, Banking Circle, has joined the Danish national intraday clearing system. Through Banking Circle as a direct clearing participant, Payments businesses and Banks can now pay out and collect payments locally in Denmark on behalf of their customers more quickly and at lower cost than via traditional cross border payment methods. This will enable e-commerce businesses around the world to tap into the growing Danish market.

According to JP Morgan data[i], Danish e-commerce saw double digit growth in 2020, citing Denmark as a nation willing to spend in high amounts online. However, it appears to be a relatively untapped market for cross border transactions, accounting for just 22% of Denmark’s overall e-commerce market. Banking Circle’s investment in establishing direct clearing for the Danish Krone will enable Payments businesses and Banks to extend the services they offer to their e-commerce clients to capitalise on this market.

“Previously, businesses based outside of Denmark and wishing to trade in the Danish market had no choice but to rely on the slow, costly and outdated correspondent banking network,” explained Anders la Cour, Chief Executive Officer of Banking Circle Group. “Now, following our significant investment to build the payment rails as a direct clearing participant in the Danish national intraday clearing system, Banking Circle is uniquely able to offer Payments businesses and Banks access to faster, lower cost collections in Denmark

“This new clearing capability and direct settlement on Banking Circle’s own account with the Danish Central Bank - all integrated into our cloud based payments infrastructure for optimum agility  - means our clients can process payments in DKK as if they were local transfers. This reduces the payment friction involved in going through partner banks.”

With this new clearing option, Banking Circle enables its clients to offer their customers payments and collections in DKK in their own name rather than that of the Financial Institution used to send the payment. This is crucial for scaling of accounts, and delivers faster on-boarding, improved payment infrastructures, more ownership of payments and faster, smoother reconciliation.

“Banking Circle is focused on continually developing solutions that tackle the payment pain points and areas of friction to make cross border payments more accessible for businesses of all sizes, and this latest initiative is clear evidence of that mission”, added Anders la Cour. “Cross border payments traditionally can take as much as five working days and cost up to 50 EUR. Our goal is to reduce the cost and increase the speed of payments as far as possible – to five minutes and 50 EUR cents or less. Increasing the number of direct payment rails we offer is a vital part of the journey.”

 
Commerzbank and the employee representatives have successfully completed negotiations on the implementation of Strategy 2024. “Just nine months after the announcement of Strategy 2024, we have finalised the Bank’s target structure in Germany,” said Manfred Knof, Chairman of the Board of Managing Directors of Commerzbank. “With the agreement on the partial settlements of interests, we have reached an important milestone. We can now continue moving full speed ahead with the transformation. I wish to thank all involved parties for the constructive and successful cooperation that enabled us to achieve this positive result so quickly.”
 
The agreement creates clarity on the structure of all group divisions in Germany. With these new structures, the Bank will be significantly leaner than before. The number of management positions will decrease by around 30%. “All employees now have transparency with regard to the future structures. This creates clear perspectives for the future,” said Sabine Schmittroth, Board Member responsible for Human Resources.
 
With the agreement on the partial settlements of interests, the framework social plan approved in May 2021 will also come into force. Effective immediately, employees can utilise the instruments for a socially responsible headcount reduction. “We offer our employees a wide range of instruments appropriate for the phase of life where they find themselves,” said Sabine Schmittroth. “We’re on the right track to implement the headcount reduction as socially responsible as possible.”
 
The Bank and the employee representatives also completed negotiations on the terms of an in-house collective agreement on the advisory centre that will come into force when the target structure takes effect no later than in the fourth quarter of 2022. The in-house collective agreement permits work on Saturdays and guarantees the continued operation of all advisory centre locations until 31 December 2027. The advisory centre is a cornerstone of the Bank’s strategy in the Private and Small-Business Customers segment. In the future, it will complement the onsite advisory services in 450 branches and the Bank’s online and mobile banking services.
 
Commenting on the agreements, Uwe Tschäge, the Chairman of the Central and Group Works Council, said: “With the partial settlements of interests and the in-house collective agreement along with the site guarantees for the advisory centre, we have ensured appropriate weighting of employee interests in the transformation of Commerzbank. We will continue to exert our influence to ensure that the restructuring gives due consideration to social factors and that the Bank continues to provide dependable working conditions.”
 
With Strategy 2024, Commerzbank is repositioning itself for its customers. The goal of the restructuring is to combine the advantages of a fully digitalised bank with personal advisory services, a consistent customer focus and sustainability. On the way to establishing long-term profitability, the Bank will reduce headcount by approximately 10,000 full-time positions in gross terms by 2024. More than half of the necessary headcount reductions are already ensured and contracted in a socially responsible way.

Large-format retailer and finance company named finalist in the “Best Example of Customer Implementation of Embedded Finance” category

 Provenir, a global leader in data analytics software and risk decisioning, today congratulated its customer Curacao for being recognized as a Tearsheet Embedded Awards 2021 finalist in the Best Example of Customer implementation of Embedded Finance” category for expanding financing services to help generations of underbanked consumers.

The nature of the financial institution is changing and embedded finance turns every app, software, retailer, and business into a bank. Tearsheet’s Embedded Awards are the financial industry’s top awards program focused on embedded finance, recognizing the best, most innovative players in the embedded finance and banking as a service space.

Curacao, formerly called La Curacao, began as a small local retail store in 1980 catering primarily to the Latino community in Los Angeles and has since expanded its retail footprint 13 stores and growing in Southern California, Arizona and Nevada. Contributing to Curacao’s growth is its ability to offer leading consumer product brands and services, including its own innovative export, travel and money transfer services, all accessible through its Curacao Credit offering.

Curacao has made credit available and accessible to more than two million customers, enabling them to access the products they need to live their best lives today. By partnering with leading technology and data partners such as Provenir, the company continues to open and streamline the channels for customer acquisition and servicing.

“Curacao continues to innovate and evolve its servicing and decisioning platforms to offer consumers hyper convenience and ubiquitous access to services that meet their current and future needs,” said Kathy Stares, Executive Vice President, Americas, Provenir. “We congratulate Curacao on their recognition and look forward to continuing to support Curacao’s growth by delivering real-time risk decisioning technology that enables the company to easily design, build, and deploy solutions to solve complex business challenges such as retail financing and credit card management.”

Provenir’s flagship product, Provenir Cloud Suite, is the industry’s first, true risk-decisioning ecosystem,  powering Curacao’s offerings. The Provenir Cloud Suite provides a comprehensive real-time view of unified decisioning-performance, third-party and historical data, as well as automated analytics. Through one unified digital experience offering four cloud products — decisioning, data, insights and solutions —users can create the platform-as-a-service (PaaS) cloud solution that best fits their business needs.

CaixaBank's IT team is set for a fraught weekend as it begins its technological integration with recently-acquired Bankia, unifying the computer systems of both banks as well as the data stored on them.

Stori, a Mexican fintech bringing credit cards to the country's middles class, has raised $125 million in a Series C funding round, adding another $75 million in debt financing.

Trulioo report identifies qualities needed for compliance, risk and IT security professionals to build online trust and create a sustainable digital ecosystem

• 87% of organizations report digital identity is increasing in importance

• 73% of compliance, risk and IT security professionals say it’s extremely important that organizations up-level standards for building trust

• Currently, only 15% of compliance, risk and IT security professionals are empowered to operate as ‘Champions of Trust’

• 70% believe digital identity is the foundation to build a sustainable digital ecosystem

Following a $394M Series D financing round earlier this summer to build the foundation for global financial inclusion, global identity verification leader Trulioo is strengthening pathways to create a more inclusive and trust-oriented digital economy. With the ability to verify 5 billion consumers and 330 million business entities worldwide, Trulioo has identified a new type of compliance, risk and IT security leader within companies, the ‘Champion of Trust,’ as a rising force of innovation.
Newly released research from Trulioo defines the traits of this ‘Champion of Trust’ professional — and explores pathways to empower more compliance, risk and IT security professionals to step into this role.

“Champions of Trust possess the skills, vision and commitment to use digital identity as a tool for positive change over the coming years,” commended Steve Munford, CEO at Trulioo. “Organizations will increasingly rely on these leaders to navigate the practicalities of accelerating risk, fraud, and cybercrime while creating a safe, inclusive, and sustainable digital ecosystem.”

Currently, only 15% of all compliance, risk and IT security professionals are operating as Champions of Trust, yet 73% believe it is extremely important that organizations develop more Champions of Trust in the next two years in order to build online trust against the backdrop of accelerating cybercrime and fraud risks.

Digital identity has emerged over the last two years as a key strategic imperative for businesses, with 87% of compliance, risk and IT security professionals reporting that it has become more important to their organization as a result of the pandemic. 

The research is presented in a new white paper published today, ‘Champions of Trust: A new generation of leadership for a digital-first world.’ The research was conducted across 16 countries globally, among more than 400 compliance, risk and IT security professionals, across business functions, in a wide range of industries.  

“The pandemic has highlighted to businesses the importance of online trust in an increasingly digital-first economy. With usage and reliance on digital services set to grow further over the coming years, the need for organizations to manage an increasingly complex and sophisticated risk landscape is critical,” added Munford. “Fortunately, this research suggests that compliance, risk and IT security professionals around the world are ready to step up to meet this challenge, using digital identity to protect customers and build an inclusive and trust-based digital world. Champions of Trust have a critical role to play, not just within their own organizations, but across the wider digital ecosystem.”

Notably, the vast majority of professionals surveyed — whether they come from a Fraud & Risk, Trust & Safety, Compliance or IT background — recognize a deep responsibility to use digital identity as a way to counteract bad actors, improve financial inclusion, and drive positive change within the world. 70% strongly believe that digital identity is the foundation of trust, not just for their organization and customers, but to build a sustainable digital ecosystem.

Champions of Trust

Operating at the highest levels of their professions, Champions of Trust are taking tactical, meaningful steps forward to improve financial inclusion and access to critical services. They are adept at collaborating with stakeholders across business units and advocating for the importance of digital identity as a key strategic imperative for enhancing customer experience, managing risk and driving compliance.

Champions of Trust adopt a global-first perspective on digital identity and are constantly looking to increase their understanding of the unique requirements for commerce across borders to support their organizations’ growth and expansion plans. They take ownership for their own career development and are continually looking to improve their capabilities in order to leave a lasting legacy with their organizations.

Importantly, Champions of Trust operate in organizations with the right culture, leadership and technologies to optimize the use of digital identity to protect customers and increase online trust and transparency. 

Worryingly, the research highlights the potential consequences for organizations that don’t create conditions for Champions of Trust to succeed. These include becoming more vulnerable to fraud threats and security incidents (cited by 52% of compliance, risk and IT security professionals), fractured customer experience (43%), and reputational damage or erosion of customer trust (42%).

Munford concluded, “It’s hard to overstate the role Champions of Trust will play in the coming years. Their contribution will be vital in shaping an inclusive and safe digital ecosystem for the future. As an industry, we owe it to these individuals to do all we can to help them on their journey, ensuring they have the training, support, leadership and tools they need to fulfill their potential and make a positive difference.”

The white paper, ‘The Champions of Trust: A new generation of leadership for a digital-first world,’ is available for download here.  

One of the key problems for owners of cryptocurrency and their heirs is the inability to gain access to their digital assets for technical (lost codes) or physiological reasons (the death of the owner). According to estimates by the New York Times, crypto wallets containing more than  USD 140 billion in assets were blocked for these reasons as of the beginning of 2021. When a  businessperson working in cryptocurrency markets dies suddenly, it is often not only their loved ones who suffer but also their clients. The best-known case is the death in 2018 of Gerald Cotten, the founder of the largest cryptocurrency exchange in Canada, Quadriga CX; as a result, 115 thousand clients lost access to their funds. 

Renaissance Life (https://www.renlife.ru/) has signed a cooperation agreement with the founder of the decentralized financial project Independent Decentralized Finance SmartBank &  Ecosystem (InDeFi SmartBank, https://indefibank.com/), the well-known Russian businessman  Alexander Lebedev. The InDeFi SmartBank project envisages developing and rolling out a  service that will confirm a client’s death and use that information to launch a mechanism for the inheritance of digital rights and assets. 

According to the parties to the agreement, InDeFi SmartBank will take responsibility for developing smart contracts and launching inheritance procedures. This will enable clients, in the event of their death, to transfer their digital assets to the beneficiaries specified by them.  Renaissance Life, in turn, will be responsible for confirming the client’s death. 

This unique collaboration between an insurance company, which has an excellent reputation  and enjoys the trust of its customers, and a leading Russian project in the DeFi technologies  sector should solve one of the main problems facing the crypto industry today. At least 500  thousand people are expected to use this service in the coming year. 

Renaissance Life Insurance Company LLC has been operating in the life and health insurance  market since 2004. The Company reliably meets its obligations to its customers and insured  parties. 

Renaissance Life LLC is one of the largest providers of life, accident and health insurance in  Russia, operating more than 90 branches and agencies throughout the country. Renaissance Life  is a partner of the Podari Zhizn charitable foundation. 

The Independent Decentralized Finance SmartBank & Ecosystem is a decentralized financial  blockchain service launched in 2020. The InDeFi SmartBank team consists of professionals with  years of experience in banking, finance and investment projects; the crypto industry; the public  sphere; philanthropy; and many other sectors.

InDeFi SmartBank develops smart contracts and provides a wide range of services for cryptocurrencies and digital asset management, as well as audit, consulting and marketing  support for innovative projects.

Investors in specialist bridge financing fund, Whitehall Capital are now able to hold their assets in a tokenised form and trade units with other investors

Whitehall Capital is pleased to announce a new and innovative approach to holding investments within its specialist bridge financing fund, ‘Whitehall Capital Management Limited’ (‘Whitehall’ or ‘the ‘Fund’). Whitehall Capital has struck an agreement with US-based digital asset securities marketplace, Securitize, enabling investors in the specialist Whitehall fund to hold their assets in a tokenized form. Using the Securitize platform, Whitehall investors will now be able to buy and sell units in the Fund, trading their holdings with other investors. Whitehall Capital is the first UK-based company to engage with Securitize in this way.

Commenting on the initiative, Anthony Bodenstein, Managing Partner at Whitehall Capital said: “Our partnership with Securitize gives our investors an exciting and innovative new way to interact with us as the investment manager, and with other investors in the Fund. 

“When investors register on the Securitize platform (which can be done here: https://whitehallcapital.invest.securitize.io/#/opportunity/183), they will see a digital representation of their investment, where their investment is shown in a number of tokenised units. They can see how their investment is performing – giving them greater visibility than they have at present – and trade units with other investors, posting on the portal that they wish to buy or sell. Investment Reports and other information will also be loaded to the portal.

“As there is currently no secondary market for investments in Whitehall Capital, we anticipate investors will quickly take on board the benefits of working with this easy to use and interactive platform and holding funds in this way. This will be one of the first tokens backed by loans which are secured by property assets in the real world, delivering an income of 8% to 10% per annum. Securitize delivers a self-serving facility and will be welcomed by new and existing investors alike. We believe it will have a particular appeal for tech-savvy, early adopters and look forward to welcoming many new clients to the Fund.”

“Securitize is pleased to partner with Whitehall Capital by serving as its transfer agent”, said Jamie Finn, President of Securitize, Inc. “As a transfer agent, Securitize is responsible for issuing tokenized shares in Whitehall Capital Management Limited, providing them to shareholders, tracking transaction activity, and ensuring all of this is securely recorded on the blockchain. We look forward to working with Whitehall Capital and its team.”

• Scale-ups from 11 countries including Switzerland enter into 50 pilots and commercial projects with renowned Swiss companies and institutions

• Digitalization and sustainability are becoming strong drivers of innovation

Kickstart Innovation, one of Europe's leading innovation platforms, has achieved over 200 innovation deals since its inception with the announcement of this year's 50 Proofs of Concepts (PoCs) and other partnerships between start-ups, scale-ups and established companies and organizations. "We naturally hope that among the new partnerships there will be just as successful ones as we have seen, for example, with Planted, Coop and Migros, Axa and Veezoo or PostFinance and decentriq in the past years," explains Katka Letzing, co-founder and CEO of Kickstart Innovation. Since 2015, over 200 such collaborations have been launched in the application areas of Circular Economy, EdTech & New Work, FinTech & InsurTech, Food & RetailTech, HealthTech, Smart City & Technology, with great success. "On the one hand, digitalization and sustainability are drivers in innovation; on the other hand, it shows that the early transformation of processes through digital and other innovative solutions provides a competitive advantage for this. Large companies are increasingly interested in cooperating with high-growth start-ups and developing together here," Katka Letzing continues. This year, 13 Proofs of Concept come from Switzerland, 37 from abroad. 

Among the renowned Swiss companies and institutions that have entered into a cooperation are AXA, Coop, Migros, Swisscom, la Mobilière, Stadt Zürich, PostFinance, Credit Suisse, ETH Zurich, Sanitas, Canton de Vaud, Mava Foundation and other organizations.

A new Kickstart partnership is confirmed with ​CSS,​ one of the largest health insurance companies in Switzerland. "W​e are excited to collaborate with Kickstart in 2022!" says ​​Michael Rieger, Head of Strategy & Corporate Services at CSS. “We want to help shape the future of healthcare and are therefore constantly working on innovative ideas on how we can accompany our customers even better. The cooperation with Kickstart is intended to help us move forward in this process.”

The Partnerships 2021 at a glance:

(Details on the Kickstart Website)               

Partnerships in the EdTech & New Work Focus Area: (6)

• La Mobilière and Cognician plan to explore the usage and effectiveness of multi-day challenges to enable the adoption of changed behaviors and mindsets, for example around the topic of dealing with uncertainty.

• La Mobilière and Mentessa plan to collaborate in order to develop and test a skill-based community to measure and identify upskilling employee needs for work transformation.

• La Mobilière and Evrlearn will explore the advantages of a digital platform for lifelong learning to support skill management and to enable employees in transformation processes.

• Migros and Evrlearn will pilot an innovative learning solution that allows Klubschule Migros Ostschweiz to distribute its learning opportunities on a digital matchmaking platform for lifelong learning.

• Kickstart and Mentessa are pleased to announce a cooperation starting in 2022 in order to enhance community building and exchange of public and private organizations as well as investors and others. 

• PostFinance plans to use Cognician’s platform to support the development of trust building and communication skills for leaders without direct reports. Cognician would be used in a blended learning approach, based on an innovative eduScrum framework, bringing the best of agile to the challenge of corporate learning and development.

Partnerships in the FinTech & InsurTech Focus Area: (13)

• Coop is launching a strategic Proof of Concept with Unsupervised to provide a unified view of complex data sources and the power of unsupervised AI to increase unit sales.

• AXA and Unsupervised are exploring use cases for a Proof of Value. The main prospects are pattern recognition use cases in the area of insurance risk and customer interactions.

• La Mobilière and Neuroprofiler are starting a collaboration aiming to assess how the proposed solution could cater for the legal requirements applicable to La Mobilière products, as well as simplifying the relevant processes in a gamified way.

• Swisscom and Canveo will collaborate in the area of e-contracts. Canveo will integrate the Qualified Electronic Signature of Swisscom Trust Services and the parties intend to work together to offer an end-to-end digital contracting solution to Swiss businesses.

• PostFinance and Canveo are considering collaborating towards supercharging the procurement process with e-contracts to increase speed, reduce costs, and improve risk control.

• PostFinance and Unsupervised plan to collaborate in the area of automated analysis in order to find exciting use cases for the contact center team.

• Technology Law Firm EMBARK.LAW and Canveo will work towards the introduction of e-contracts for Swiss clients, in order to increase the speed of delivery of legal services and shorten the time needed to get contracts negotiated and signed.

• Floodlight has booked a PoC with a Swiss Family Office to create and automate a novel sustainability report across the family’s holdings.

• Swisscom is collaborating with myEGO to digitize higher-valued documents using the advantages of SSI.

• Floodlight and Kickstart committed to work on developing and implementing a new sustainability impact measurement.

• Acodis will have the opportunity to discuss their solutions and possible use cases with Coop.

• Tooyoo (Kickstart alumnus) has grown in the Swiss market and has raised its community to more than 12'000 users. Tooyoo is currently extending its partner network and signed four B2B collaborations with Visana, Profond, Bank Linth, Ylex to offer its innovative solution to their customers.

• PostFinance, SwissPost and alumnus decentriq (Kickstart alumnus) will work towards a prototype of a Secure Address Verification Ecosystem for financial institutions, leveraging the latest advancements of confidential computing.

     Partnerships in the Food & Retail Tech Focus Area: (9)

• Hitzberger clients can now preorder and pay from everywhere with the new Yoordi webshop. This enables the Migros daughter company to validate the digital sales channel.

• Coop and Plant Jammer intend to implement dynamic recipes on Bettybossi.ch, so customers can substitute ingredients in the recipes and personalize their dishes.

• After successful initial product trials, Migros is carrying out further developments with KernTec to launch innovative, sustainable and tasty products in different product categories like sweet goods, bakery and others.

• Coop and KernTec intend to develop a unique and more sustainable muesli product using KernTec's upcycled ingredients, a more sustainable resource than almonds.

• Coop and #tide intend to jointly develop the first travel luggage and the first packaging for cosmetics and home care made from ocean-bound plastic.

• Migros is planning a consumer acceptance test with BRüSLi and would like to upcycle side streams from their industrial bread production to produce more BRüSLi.

• Migros and Aqua Cultured Foods plan to assess consumer acceptance in Switzerland of their plant based seafood alternative.

• Kraftwerk in Zürich accomplished testing and moved to a commercial deal with two CE startups, KernTec and Brüsli, to incorporate their upcycled products into their restaurant menus.

Partnerships in the HealthTech Focus Area: (8)

• La Mobilière and Finnish startup Fjuul started a Proof of Concept to test personalized and gamified health management services for SMEs in Switzerland in order to keep their workforce healthy.

• CSS Insurance and Remente will set up a pilot project to validate how the coaching experience at CSS can create more impact and last longer in the minds of coaches by using the digital solution of Remente.

• Medbase is performing individual PoCs with Oto and Clever.Care to continue its effort to bring innovation into healthcare and to foster inter-professional cooperation.

• AXA is in ongoing discussions regarding collaboration opportunities with this year's Kickstart cohort in the area of mental health after already having partnered with Kickstart alumni Klenico & HelloBetter to launch a mental health self-test last summer - with the aim to foster mental wellbeing and offer low threshold access to help.

• Clever.Care and Stadt Zürich are committed to exploring a pioneering project to explore how to better support, empower and relieve family caregivers, in order to foster aging-in-place of the steadily growing oldest population group in the City of Zürich. 

• Sanitas and Regimen will collaborate to test whether Sanitas health insurance customers are open to using a preventive health tool offered by Sanitas to take control of their intimate health.

• Kickstart HealthTech Alumnus HelloBetter, which is offering digital therapy courses for the prevention and treatment of a broad variety of mental health conditions, completed a Series A financing round. The effectiveness of the solution has been scientifically proven by numerous clinical studies. In collaboration with Medbase, HelloBetter seeks to expand access to digital mental health care by developing integrated care models and corporate health solutions for the Swiss market.

Partnerships in the Smart City Focus Area: (14)

• La Mobilière and RUNWITHIT Synthetics, a Canadian company, are partnering up for a Proof of Concept “Synthetic Zurich Risk-based Modelling Capability Brief.

• Quandify (ex Labtrino) and La Mobilière have launched a PoC to detect and prevent expensive water damage in apartment buildings at an early stage. As part of the PoC, Quandify's intelligent leakage prevention platform will be introduced to existing and new La Mobilière customers. Furthermore, the adapted sensors (CubicMeter 2.0) will be tested for their marketability in Switzerland. 

• Quandify (formerly Labtrino) and EMPA plan to launch a PoC to monitor the total water usage (tap water and sewage) and potential water leaks in order to further improve circular usage of water.

• EMPA and Builtrix will collaborate in order to test Builtrix's Energy intelligence platform to uncover energy-saving opportunities in the NEST intelligent building.

• AXA and Quandify (formerly Labtrino) are in discussion to launch a possible PoC to prevent extensive and costly water damage in the real estate sector.

• AXA and Soobr have initiated a project to implement demand-oriented facility cleaning. For more efficiency, transparency and flexibility of facility services.

• AXA and Univrses are considering doing a joint technical PoC to investigate the use of computer vision in the motor insurance business.

• Coop is excited to announce a pilot together with the Swedish computer vision company Univrses to bring efficiency and performance insights to Coop Logistics using Univrses' 3DAI City platform. 

• Builtrix is pleased to support Coop in achieving its energy efficiency and decarbonization goals by providing a solution that can benchmark and detect energy deviations in Coop retail stores.

• Coop and Soobr are testing Smart Cleaning in a retail store in Winterthur to achieve better efficiency, transparency and flexibility in facility services.

• City of Zurich and Soobr intend to start a pilot project at the Stadtspital Triemli. For more transparency, efficiency and sustainability in building cleaning.

• FoldAI and CSEM intend to collaborate to bring deeptech solutions to the fields of forestry and biodiversity conservation. 

• EMPA and the INFRABOX Intrapreneurship Team (Swisscom) are partnering up to support the CO2 climate targets of the City of Zurich and the project has started already.

• The City of Zürich is interested in a cooperation with RunwithIT and in further exploring the format and exact content of the cooperation.