Key Takeaways
- • Swiss Fintech Innovations (SFTI) welcomed the launch of a standardised digital pension certificate covering vested benefits and Pillar 3a pension foundations.
- • The standard was developed by Verein Vorsorge Schweiz (VVS) in partnership with the bvg-digital association to make pension certificate data machine readable and reusable across digital services.
- • The format uses a QR code that structures key pension information and is built on Pension API Version 4, created by the SFTI Common API working group.
- • SFTI President Stephanie Wickihalder described the certificate as a tangible example of the value common standards can create; the next phase is implementation across Swiss financial institutions.
Summary
Swiss Fintech Innovations (SFTI) has welcomed the launch of a standardised digital pension certificate for vested benefits and Pillar 3a pension foundations, according to Fintech News Switzerland. The initiative was developed by Verein Vorsorge Schweiz (VVS) in partnership with the bvg-digital association, with the aim of making pension certificate data machine readable and reusable across digital services.
The new standard formats key pension information into a structured QR code layout. According to the report, this design allows financial applications to integrate pension data in a structured way, which is intended to simplify wealth planning for Swiss consumers. The technical foundation is the Pension API Version 4, created by the SFTI Common API working group. The framework extends existing open finance protocols to include specific support for handling vested benefits and Pillar 3a certificates.
Stephanie Wickihalder, President of SFTI, said the digital pension certificate is "a very tangible example of the value that common standards can create." She added that pension data "becomes easier to access and can be used more effectively in further digital services."
SFTI stated that the next phase of the project involves driving implementation across Swiss financial institutions, with the goal of making the digital pension certificate widely usable across the wealth ecosystem. The source material does not specify adoption timelines or participating institutions beyond this.
The new standard formats key pension information into a structured QR code layout. According to the report, this design allows financial applications to integrate pension data in a structured way, which is intended to simplify wealth planning for Swiss consumers. The technical foundation is the Pension API Version 4, created by the SFTI Common API working group. The framework extends existing open finance protocols to include specific support for handling vested benefits and Pillar 3a certificates.
Stephanie Wickihalder, President of SFTI, said the digital pension certificate is "a very tangible example of the value that common standards can create." She added that pension data "becomes easier to access and can be used more effectively in further digital services."
SFTI stated that the next phase of the project involves driving implementation across Swiss financial institutions, with the goal of making the digital pension certificate widely usable across the wealth ecosystem. The source material does not specify adoption timelines or participating institutions beyond this.
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