On October 20th, Bitcoin reached a new milestone, surpassing $66,000, its highest level since its creation in 2009, after months of fluctuations. A further step towards its democratisation.
As a leading European asset servicing group, CACEIS is fully committed to digital transformation. By implementing Cardabel's machine learning technology, CACEIS optimises securities and cash position reconciliation as part of its market-leading middle-office outsourcing offer.
A September 2021 survey of 251 CFOs and other finance leaders revealed that 47% intend to assess digital currencies for business in 2022, according to Gartner, Inc. A February poll centered on bitcoin adoption showed 84% of finance leaders said they would never hold bitcoin as a corporate asset and pointed to a range of risks associated with holding the currency.
In July 2021, Banking Circle spoke to 600 CTOs and CIOs at Banks, FinTechs and PSPs across the UK, DACH (Germany, Austria and Switzerland) and Benelux (Belgium, The Netherlands and Luxembourg) regions. The research provided insights into the challenges currently faced by CTOs and CIOs across Europe.
In November 2020, Google announced the creation of Google Plex, a feature that would allow customers to open a bank account with 11 partner banks (including Citibank) directly from the Google Pay application. On October 1st 2021, the Wall Street Journal (WSJ) announced that Google is abandoning plans to offer the Google Plex checking account.
PwC Luxembourg has just released the results of its survey: “Use of Data Analytics and Artificial Intelligence 2021 - What has changed for Luxembourg companies in the past two years?”. The survey was conducted on-line by PwC Luxembourg through a self-administered questionnaire. Based on a set of questions originally developed by PwC France and Usine Digitale, it queried a sample of respondents including Heads of IT, Operations, Risks, Data or Digital among others.
“FinTech to favour financial inclusion: is digital an opportunity or a threat for financial inclusion? A look at the under-banked and under-served populations & regions” was the topic of the last afternoon of the ICT Spring’s FinTech Summit on September 15th.
“Digital Banking all over the world: banks struggle to improve customer experiences. The quest for personalised digital interactions continues to align with customers' expectations” was the topic of the morning session of the second day of ICT Spring’s FinTech Summit, on September 15th.
On September 14 and 15, at the Europe Convention Center Luxembourg, in the heart of Europe, a new edition of the global tech conference ICT Spring Europe was held. Organized by Farvest, this two-day event was composed of keynotes, roundtables, meetings and networking allowed experts, managers, start-ups and investors to meet and discuss topical issues and future trends in various sectors: ranging from FinTech to Space, including Cybersecurity, the digitalization of services, the Supply Chain and the development of the start-ups’ ecosystem at the international scale.
As part of a new edition of ICT Spring (September 14th and 15th), the renowned global tech conference organized since 2010, Mastermind Summit will take place on September 15th at the European Conference Center Luxembourg. This event - dedicated to the startup ecosystem - aims to promote and spread best practices, foster emulation between entrepreneurs and VCs and offer recognition to the best international startups of the ecosystem. Mastermind Summit is composed of a 1-day conference and a startup competition (Mastermind Competition) where three key categories are represented: FinTech, DeepTech and NewSpace.