Importance of a business continuity plan: resilience and crisis management at the heart of all concerns.
EBRC I 2:14 pm, 1st December
Why is it important to have a business continuity plan?In recent years, companies have had to deal with increasingly sudden, varied and high-impact crises. In addition to the COVID-19 pandemic with its constraints on travel and subsequent economic downturn, management has had to deal with an exponential rise in cyberthreats and the emergence of global warming risks to name but the most significant.
The Benefits Derived by the Financial Services Industry From Cloud Computing
PwC I 9:06 am, 22nd November
Several constraints have prevented the Financial Services (FS) Industry to move to the cloud at the same pace as other sectors in the past. However, considering the benefits that cloud can offer and consumers’ new expectations (e.g., demand for more convenience, immediacy, enhanced experience), FS entities are now considering accelerating their cloud transformation.
Importance of Digital Transformation in Banking Sector
Talan I 12:38 pm, 8th November
According to digital banking statistics, the number of online and mobile banking users may exceed 3.6 billion by 2024. Banks, both big and small, are trying to integrate new technologies and services into their operation routines. The global pandemic has led to a further decline of in-branch banking, forcing banks to speed up digital transformation. Besides satisfying consumer demand, a surge in fintech industries entering the banking sector has also led banks to adopt digital transformation.
Finologee RegTech Know-How Series | #1
Finologee I 10:57 am, 22nd October
On 22 October 2018, the Luxembourg insurance sector regulator, the Commissariat aux Assurances (CAA), issued an impactful text in the form of CAA Circular 18/9 introducing new harmonized evaluation questionnaires relating to risks of exposure to money laundering and terrorism financing for life-insurance companies.
Scorechain closes €2M Pre-Series A Financing round and prepares for Series A funding next year
Scorechain I 6:58 pm, 20th October
Scorechain S.A., the company providing crypto risk-AML and compliance solutions, announces closure of a Pre-Series A funding round of €2M led by Tioga Capital (Luxembourg) and followed by Blockrocket (Germany) and CVVC Crypto Valley (Switzerland). The objective of this latest round is to accelerate the company’s growth in Europe, highly regulated countries and reach new emerging markets such as APAC and Latam.
LUXHUB GRANTED AISP/PISP STATUS
Luxhub Press Release I 8:52 am, 23rd September
LUXHUB, Luxembourg’s Open Banking pioneer, is
happy to announce that it has successfully obtained both AISP (Account Information
Service Provider) and PISP (Payment Initiation Service Provider) licenses – becoming
Luxembourg’s first 360-degree Open Banking provider. In combination with the
company’s existing support PFS (Professional of the Financial Sector) status, this new
certification positions the company uniquely at the intersection of legacy and digital
innovation within the financial services industry, further cementing its role as the
missing - and trusted - link between banks and their customers, corporates and
individuals.
The CFO’s Guide to Digital Investment
Gartner I 11:00 am, 16th September
The pandemic has sped up digital transformation as organizations fundamentally change their business models or product and service offerings and optimize existing activities. Pressure is on CFOs to prioritize and fund digital strategies, but many of the underlying initiatives are iterative and uncertain, and tend to be undervalued by traditional project-based funding models. Given this, you may need to take lessons learned from IT peers and shift instead to a product-based view.
Core Banking Systems: Challenges and Opportunities
Techsense Team I 7:29 pm, 23rd July
Core banking systems have been a blessing and a breath of fresh air for customers who were tired of transactions taking days to complete between branches of the same bank. With core banking systems, technology has moved from being a support system and business enabler to a driving force in the banking industry.
