The ongoing digital transformation of banks – and financial institutions in general – is not new. Yet, digital is so vast and the amount of work to be done so important that new entrants are able to provide innovative services focusing on specific aspects. Pascal Morosini (CEO, i-Hub) and Abdelha Tayeb (CIO, i-Hub) tell us more about the creation of the i-Hub RegTech, describing its value proposition while discussing their collaboration with BGL BNP Paribas and Fernand Lepage (Director KYC Office, BGL BNP Paribas). The experts also focused on the added value of EBRC and its key participation in making this collaboration a success.
BGL BNP Paribas subscribes to i-Hub KYC services and takes a financial stake in the start-up. Launched by POST Group Luxembourg in 2019, i-Hub specialises in the automation of KYC processes via a centralised digital and secure storage solution for the personal data and supporting documents of financial institutions’ clients.
Deloitte Luxembourg’s annual international conference on art and finance unveiled the first Credit Suisse collectibles report at a dedicated panel on Wednesday. The inaugural presentation of the report, conducted in collaboration with Deloitte Luxembourg, was the culminating finish of a six-day virtual conference series on global trends and hot topics in the art market.
The technology and regulatory service provider investify has added a prominent member to its Board of Directors. The Financial Regulator CSSF is still to approve the appointment.
CDDS a le plaisir d’annoncer le lancement de son nouvel outil de gestion globale du risque AML développé spécifiquement pour les clubs de football professionnels.
Due to governmental support in May 2020 from the grant of the Ministry of Economy & Luxinnovation, Stampify, a LHoFT-based startup, launches the first version of the platform on the 7th of October.
The World Payments Report 2020, prepared by Capgemini, just release last week. This 16th edition analyzes how the payments industry can respond to evolving retail and B2B customer expectations and highlights the need for payment firms to rapidly prioritize technology transformation in order to become digital masters and stay competitive. The report is the leading source for data, trends and insights on global and regional non-cash payments, the key regulatory and industry initiatives (KRIIs), and today’s dynamic payments environment.
The start-up, specialized in KYC outsourcing solutions for regulated entities, has successfully obtained ISO 22301 and 27001 certifications for its Business Continuity and Information Security Management System. By doing so, the company reinforces the robustness of its processes to better meet the requirement of its clients.
A proof of excellence for Luxembourg’s FinTech scene, demonstrating that fast-paced digital innovation for the financial industry can go hand-in-hand with ISO-certified IT Security excellence, all under the umbrella of a 'Support PFS’ license.
The Luxembourg ‘Central Register Law’ (Law of 25 March 2020 establishing a central data retrieval system for bank, payment accounts and safe-deposit boxes) is implementing certain provisions of EU Directive 2018/8431 (the “5th AML Directive”) by establishing a central electronic data retrieval system (CEDRS). It enables the identification of any natural or legal person holding or controlling payment accounts, bank accounts identified by an IBAN and safe-deposits boxes in Luxembourg, in a timely manner. The CSSF Circular 20/747 published on 23 July 2020 contains the technical arrangements related to the application of the Law of 25 March 2020.