SIX starts to reorganize its business plan

Swiss digital payment technology company SIX is reorganizing its business to improve its ability to compete with startups. The company, which sells virtual cards among other products, will merge its exchange execution and post-trading areas into one unit, and will separate its card acquiring unit from the rest of its payments business and seek a "partner" to operate the acquiring business.

Jos Dijsselhof, SIX's incoming CEO, will supervise the changes. Dijsselhof, the former CEO of Euronextin Amsterdam, will take over for outgoing CEO Urs Ruegsegger in January. The company will additional set up a unit that's focused on innovation, with about $55 million to invest in startups. The changes are scheduled to be complete by second quarter 2018.