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From the magazine SZW-RSDA 2/2018 | S. 147-155 The following page is 147

Digitalisation dans le domaine bancaire et aperçu des risques juridiques

There is today a strong trend towards digitization in the banking sector in line with the constant development of new technologies. Swiss legislation authorizes online bank account opening processes and can be seen as pretty liberal in terms of reception and recording of banking documentation in electronic form. In this context, Swiss banks may be interested to evaluate the feasibility of, and some of them have already implemented, a full or partial digitization of the onboarding process and recordkeeping of the banking documentation. However, such digitization projects involve some risks and banks should thoroughly assess them before deciding on whether to adopt digital and paperless processes.

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