SpeciTec (“Specific Technologies”) was created by his founder Philip Smith in 2004 to develop software for specific needs of the market in the private banking sector in Switzerland. Former senior manager at KPMG, Philip Smith was leading the regulatory reporting activity (using FiRE) for Banks of Switzerland with a lot of success.
At SpeciTec, Philip’s vision was to focus on applications outside the core banking package such as MIS for profitability, Client onboarding for compliance, FX blotter for trading profit, Credit monitoring for Lombard credit supervision.
SpeciTec, strong in niche software for private Banks!
During the first 10 years, SpeciTec invest significantly to build up a suite of software covering today different domains: Lombard loan, Mobile Banking, Operational (FX, Treso, Accounting, MIS) and Compliance. All software is successfully deployed. In average, clients hold in average 3 software(s) of SpeciTec! From 2, we are now 35+ experts.
In terms of growth, the initial vision is coming true with the emergence of SpeciTec as one of the Swiss FinTech that matters, allowing banks to digitalize their workflows and facilitate client interaction. The significant sectorial diversification of its clients is the other side of this success.
The public and industry broaden the SpeciTec horizon to a wide range of sectors!
We also diversified our activity with the same strategy in the public and industry sector(s). We work for public (communes of the Geneva Canton, Geneva state), transportation (TPG, Skyguide) and industry (Lemo, Swatch group).