SIX Group launches Terravis land-register information portal
As a part of the E-Government Switzerland strategy, the goal of which is to foster the private and business sectors' access to public administration offices, SIX Group has been conducting the eGRIS project since 2009 in collaboration with the 26 Swiss cantons. Following the pilot start on 1 November 2010 in Canton Graubünden, additional cantons will be progressively actuated next year in the Terravis information portal. In future, this data will be obtainable not only on paper but also in the form of a structured electronic report that makes further processing possible without media discontinuities.
As of 2012, Terravis will function as a central hub that facilitates the electronic exchange of information between land registries, notaries, banks and pension funds. Together with the paperless promissory notes of the future, the Terravis infoportal will save the commercial and civil service sectors considerable time and effort while accelerating the corresponding processes, for example for property ownership changes and the modification of mortgages. These services, from which the citizenry will also benefit, are in keeping with the E-Government efforts of the confederation, cantons and municipalities. SIX Group continually strives to offer additional new services in the best interests of users.
SIX Terravis Ltd (currently being founded)
SIX Terravis operates a real estate information portal covering the whole of Switzerland and is setting up a platform for electronic payment transactions between land registries, notaries and credit institutions. The company, which was established as part of Project eGRIS in cooperation with the cantons involved, is subject to supervision by the Federal Office of Justice. www.terravis.ch
About SIX Group AG
SIX Group operates Switzerland's financial market infrastructure and offers on a global scale comprehensive services in the areas of securities trading, clearing and settlement, as well as financial information and payment transactions. The company, which emanated from the merger of the SWX Group, Telekurs Group and SIS Group at the start of 2008, is owned by its users (150 banks of various size and orientation) and, with its workforce of approximately 3,700 employees and presence in 23 countries, generated 2009 an operating income in excess of 1.25 billion Swiss francs.