CSSF warns UK fintechs about onsite visits
As part of its Brexit preparations, UK fintechs and payment services must also prepare for visits from the CSSF.
Luxembourg
Eurobank plans front-to-back transformation with Temenos
Temenos’ T24 Transact and Infinity products to be rolled out in Cyprus, Luxembourg, Bulgaria and Serbia.
Europe’s dance of fintech hubs
As a strong and united ecosystem, the European fintech scene can finally discover its true potential.
Commerzbank completes securities transaction test on blockchain
Pilot with Continental and Siemens – and transaction based on R3’s Corda platform.
Banco Best and Credit Suisse bring DLT to fund transactions
Putting the fun in FundsDLT.
Cyber risk crew Cyberhedge gets funding edge in Luxembourg
Luxembourg Future Fund provides support to boost nation’s tech scene.
Alipay gets European payments licence
Follows on from Google’s licence earlier this month.
Temenos and Luxhub’s API team get first client Fortuna Banque
Luxembourg-based cooperative bank looks at open banking.
Deutsche Bank Luxembourg turns to Avaloq for core banking tech revamp
Avaloq Banking Suite creates a single cash ledger for Deutsche Bank in Luxembourg.
BNP Paribas buys ABN Amro’s Luxembourg business
ABN Amro (Luxembourg) sees no future for its wealthtech business in the country.
China Merchants Bank opts for OneSumX regtech solution
China Merchants Bank chose Wolters Kluwer’s OneSumX for its regulatory reporting activity in Luxembourg.
Core banking system integrator Syncordis acquired by L&T Infotech
Indian tech vendor L&T Infotech (LTI) has acquired Syncordis, a Luxembourg-based core banking implementation specialist, for €15 million.
China Everbright Bank selects Wolters Kluwer’s OneSumX for regulatory reporting
China Everbright Bank (CEB) has chosen Wolters Kluwer’s OneSumX regulatory reporting software for its operations in Luxembourg. According to Wolters Kluwer, OneSumX uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s regulatory update service. This service is maintained by its staff who monitor regulation in approximately 50 countries, […]
Fortuna Banque to revamp front-to-back office tech with Temenos and Syncordis
Luxembourg-based Fortuna Banque, a retail co-operative bank, is modernising its core banking and digital operations with Temenos. The project is being carried out by local system integrator Syncordis.
Rakuten Europe Bank opens for business with Temenos front-to-back office tech
Luxembourg-based Rakuten Europe Bank, a subsidiary of Japan’s e-commerce and internet company, Rakuten, has gone live with Temenos’ T24 core banking system and Temenos Connect for digital channels.
MIT’s trade finance platform debuts in Luxembourg
Bank GPB International, a member of the Gazprombank group, has selected MIT’s (Micro-Informatique & Technologies) trade finance platform to support its business from Luxembourg. The MIT platform chosen by the bank comprises Credoc, the Swiss firm’s flagship back-end trade finance solution, and TRAC, its middle/front collateral management system, which provide support for transactional commodity finance […]
Blockchain payments start-up SnapSwap now an electronic money institution
Luxembourg-based start-up SnapSwap, which offers blockchain-based payments, has received authorisation to operate as an electronic money institution (EMI). The firm says the EMI licence, provided by the Ministry of Finance of Luxembourg, allows it to issue debit cards and other payment instruments linked to Gloneta accounts. The latter combines a mobile messenger (chat) with cross-currency […]
Lemanik Asset Management opts for Linedata Compliance
Luxembourg-based Lemanik Asset Management has chosen Linedata’s compliance monitoring software – Linedata Compliance. To comply with the Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Fund Managers (AIFM) directives, which impose controls and “transparency discipline”, Lemanik decided to manage its report production by itself and chose Linedata to roll out the tech. […]
BIL embarks on major technology overhaul with Temenos
Banque Internationale à Luxembourg (BIL), the oldest bank in Luxembourg, is embarking on a major tech overhaul. It will replace its legacy software with Temenos’ T24, Banking Technology understands. Founded in 1856, BIL operates in retail, private and corporate banking, treasury and financial markets. The core banking software replacement comes as part of a broader […]
Nomura Bank extends relationship with software provider Simcorp
Luxembourg-based Nomura Bank has singed a “large additional licence agreement” with investment software specialist Simcorp, according to the vendor. The bank went to market looking for a new software provider but concluded that staying with Simcorp would be the best option. The two companies have been working together since 2009. Simcorp’s CEO, Klaus Holse, comments […]
LSE’s Luxembourg venture highlights regulator’s dilemma
The London Stock Exchange’s plans to establish a new central securities depository in Luxembourg reveal the way regulation can have unintended consequences – in this case a proliferation of CSDs.
Luxembourg Stock Exchange targets fund transparency
The Luxembourg Stock Exchange is cooperating with IT support company Altus to develop a market infrastructure for European investment funds, which constitute a large part of the Luxembourg economy.
