Regulation
Four Swiss rules govern what a tool like this may do with bank data. We comply with all four.
Two bind SWISS SNIP AG directly. Two bind you and set requirements for your providers. Each links to the source text.
- Outsourcing
- FINMA 2018/3
- Operational risk
- FINMA 2023/1
- Banking secrecy
- Art. 47 BankG
- Data protection
- revFADP
Frameworks
Four rules.
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Compliant
FINMA Circular 2018/3
Outsourcing — banks, insurance companies and selected financial institutions under FinIA. In force 1 April 2018.
Governs whether a bank may use an outside provider. We give you audit and inspection rights, for you and for FINMA, a continuity commitment, notice before any sub-outsourcing, a named data location and a documented exit.
Read the circular -
Compliant
FINMA Circular 2023/1
Operational risks and resilience — banks. In force 1 January 2024, replacing 2008/21.
Sets how banks handle critical data, including client-identifying data. On the Local tiers it never leaves your workbook. On Swiss Chain it never leaves Switzerland. Every action on it is logged.
Read the circular -
Bound and compliant
Art. 47 Banking Act
SR 952.0. Published in German, French and Italian only.
Banking secrecy. It covers the bank’s agents, which includes us whenever we process a client document. On the Local tiers we never do. On Swiss Chain, no third party can reach it and it cannot leave Swiss jurisdiction.
Read the act (German) -
Compliant
revFADP
SR 235.1. The revised Federal Act on Data Protection, in force 1 September 2023.
Applies to us directly. You get a processing agreement, an empty subprocessor list, deletion on request and a record of what we hold.
Read the act
Where it runs
Local runs on your machine.
Swiss Chain runs in Switzerland.
- Local and Complete
- Inside Excel, on the auditor’s machine. Documents are stored in the workbook. We host nothing and receive nothing.
- Swiss Chain, hosted by us
- Hardware operated by SWISS SNIP AG at ETH Zurich Agentic AI Systems, Zurich. Documents sent for OCR or AI extraction are processed there and returned.
- Swiss Chain, hosted by you
- The same engine as a container stack inside your own perimeter. Nothing leaves your network.
- What you install
- The Excel add-in, from your Microsoft 365 admin centre. On the Local tiers, that is all.
- Getting out
- Local: your workbooks already hold everything. Swiss Chain: your documents back, an export of every snip, and deletion on our side.