payments · Revised FADP · FINMA AI guidance · Swiss AI policy
Payout Rail / Clear-Before-Wire
Per-withdraw bind at $0.05–$0.25/hop scales to operator millions
—Agent payout + affiliate withdraw fraud
Regulatory exposure — commonly overlooked:
Operator skips gate to reduce friction — owns chargeback and runner fraud. · Swiss reinsurance hub — Munich Re, Swiss Re need asymmetry data with Swiss privacy compliance.
TAM / Exposure
Platform rake on every hop — sleep-money shape
Insurance lines
Fidelity · Cyber
Exhibit authority
Switzerland FINMA AI Pack — Operator Payout Authorization Pack
Global leaders
Grey book APIs · Affiliate networks · Velaru parametric · FINMA · Swiss Re · Munich Re · UBS
Sleep deposits
Stripe webhook on metered payout checks.
Multi-tenant
One API — global operators plug in.
Clear before wire
USDC move requires clear_id receipt.
[Switzerland] Reinsurance capital
Geneva/Zurich reinsurers price AI risk — actuarial feed jurisdiction-scoped.
[Switzerland] Banking secrecy
Swiss bank AI — FINMA documentation expectations exceed EU for trading AI.
[Text / Chat] Modality hook
Baseline — all frameworks apply to text decisions.