The Luxembourg government is set to bring more flexibility in how financial institutions outsource certain activities. The Bill of Law 7024 aims at facilitating the implementation of outsourcing arrangements and related handling of sensitive client data. We’ve surveyed several business leaders to see what kind of outsourcing strategies they have …
Women are more successful than men in crowdfunding. In 2015 and 2016, campaigns led by women were 32% more successful than those led by men, across many sectors, countries and cultures. Is crowdfunding the shortcut women entrepreneurs needed to access finance and bypass traditional mechanisms and their deep-rooted bias? What’s …
Cyber threats are skyrocketing. As we’ve recently seen, hackers come up with increasingly sophisticated malware, targeting all industries, including the financial sector. While they easily trade hacking tools on the dark web, many companies still fail to properly take into account cybersecurity risks. Since crises are hard to anticipate and …
Advising, identifying, instructing, acknowledging, processing, checking, confirming, monitoring, reconciling, reporting, storing, regulating, auditing – the fund-distribution value chain is complex and has many intermediaries. Distributed ledger technologies are, however, bringing about a new business model for the asset management industry.
Digital marketing will not be the same when the General Data Protection Regulation (GDPR) enters into force in May 2018. Many of us use online customers’ data for different reasons, from content delivery to remarketing or cookies’ tracking to craft more personalised web journeys. How will GDPR impact marketing practices …
Can you imagine what would be like to have wholesale insurance using blockchain? We take a look at those unique features of blockchain that are likely to create new organisational and operational opportunities for the insurance sector. Here are the three main areas where blockchain could be a game-changer:
Cybersecurity Phishing. Ransomware. DDoS attacks. These are terms financial services security professionals have come to know intimately—and despise. Amid threats from individual actors and organised attackers, security teams have had to step up.
Digital technology is changing how we interact with each other or with society and how we trust one another. A new economic model is emerging: the sharing economy. We’ve gathered insights from world-renowned experts and in-house research to give you an overview of: the sharing economy’s dynamics, in the European …
Automation has grown up. In recent years, a new class of software known as digital labour or robotic process automation (RPA) has emerged. Financial institutions are looking to these tools to automate a wide range of activities without the need for complex programming. We think 2017 could be a breakout …
Almost a decade after the global financial crisis, financial institutions still have to cut costs to contain the low growth, low margin and highly-regulated environment. Outsourcing and offshoring have helped in the past, but they’re no longer enough. Businesses must now turn to technology and digitalisation to move forward.
![[VIDEO] Sharing economy: a new world business model](https://blog.pwc.lu/wp-content/uploads/2017/03/Visuel_economy-sharing-1.png)
