Empowering banks through a business-led technological transformation

Leonard couldn’t lull himself into dreamland. His bedside clock kept reminding him of the unforgiving passage of time—it was now 5am—and he was getting more and more jittery. You see, later that day, his team would receive training on Artificial Intelligence (AI) and how to use it in their department. …

Be ready for Central Electronic System of Payment information (CESOP) with these four tips

Can you guess what was the amount of Value-Added Tax (VAT) due but uncollected in 2021 by the European Union (EU) Member States’ tax authorities? The ‘VAT compliance gap’ is the difference between the VAT total tax liability (VTTL) and what is actually collected by the Member States’ tax authorities.  …

How green are your portfolios? What the Green Asset Ratio is trying to achieve

Banks are increasingly reporting on their future contribution towards sustainability. The most common public commitment is their ambition to redirect capital flows towards sustainable investments as part of the lending business. This is where the green asset ratio comes into place as it shows how green banks’ portfolios are. But …

Uncovering Corporate Banking, the hidden jewel of Luxembourg’s banking industry

Today, the entire banking sector represents half of Luxembourg’s financial services market. However, between 2010 and 2020, the number of banks operating in Luxembourg decreased from 147 to 128, which translated into a decline in net results from EUR 3.8mn to EUR 3m. Yet, when looking at the corporate banking …

New Luxembourg Securitisation Law, a game changer for the market

Less than two years ago we wrote a blog entry about securitisation, in which we attempted to explain in layman’s terms what securitisation is, and examined the opportunities and challenges of these structures. In the article, we also looked at the Luxembourg securitisation market through our 2020 Securitisation Market Survey. …

Three questions when unlocking banking data for intelligent use

In the past few years, most banks have come to understand that if data is the new oil for companies, then it just might be the new gold for them. Following this, most banks also realise that it will take Artificial Intelligence (AI) to unlock that data gold. Sounds pretty …

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