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.
In response to the continuing development of material IT outsourcing, the Commission de Surveillance du Secteur Financier (CSSF) simplifies its procedures for prior provision of information in this respect through Circular CSSF 21/785.
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.
On October 19, ProShares, a premiere provider of ETFs, launched the first bitcoin-linked ETF in the United States (BITO). BITO’s launch will mark a milestone for ETFs.
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.
The Mobile Bank is now valued at more than $9 billion, more than Commerzbank. With more than 7 million customers in 25 countries, N26 is on track to process over $90 billion in transaction volume in 2021 alone.
The Swiss Financial Market Supervisory Authority FINMA has approved the first crypto fund according to Swiss law. The fund, which is restricted to qualified investors, invests primarily in so-called cryptoassets.
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.
Progetis, the real estate developer software specialist, and Bâloise Assurances, announce the connection of BauHeem, the online All-in Insurance for construction and renovation sites, via an API (Application Programming Interface) allowing to take out insurance contracts directly from the leading software of the Luxembourg real estate industry.
The LHoFT Foundation launches an exclusive Mentors Directory, built to support Fintech firms in the Luxembourg ecosystem and beyond.