The secret thoughts of a document waiting to be signed

Or: an old-fashioned odyssey marked by long waiting times, inefficiency, costly communication loops, legal risks, and ugly smudges of ink Sometimes I wonder if my fellow document buddies who already enjoy the privilege of living the dream of the “electronic signature” are aware of my poor existence. They can’t imagine …

This is what you need to know about the EU Whistleblower Protection Directive

We all know the whistleblower Edward Snowden – there’s even a movie about him! Or this other thriller with Keira Knightley, what was it called? Oh right, “Official secrets”. And recently there was this lady, Frances Haugen. We certainly do see a lot of whistleblowers in the news and their …

How COVID-19 is making the Luxembourg banking sector value the new scenery

How much do we dislike starting another blog with the word COVID in a prominent position? We don’t want our readers’ eyes to glaze over, or for the headline to mistakenly suggest negativity. Because we find this week’s topic – appreciating what is new and innovative in Luxembourg’s banking sector …

Corporate treasury function 101 (or what treasury really is)

Does every company understand what falls under the treasury function?  Challenging events in the past made the value of the treasury function crystal clear to the business as a whole. However, we still see some companies without a cash culture in place, lacking key metrics and global visibility and/or still …

Why are Luxembourg CEOs embracing the future with optimism?

Which comes first, the chicken or the egg? When you survey more than 5,000 of the most influential people in business and they demonstrate “record levels of optimism” in a post-pandemic world, will they be hailed with amazing predictive powers if their vision is correct, or is it the confluence …

The Know-Your-Third-Party approach in financial services

The last cybersecurity-related blog entry of this special and ineffable 2020 is about the Know-Your-Third-Party approach, which allows for the standardisation of third-party oversight processes, including managing cybersecurity risks proactively.   The more technology spreads across the world of work, the more financial institutions rely on software applications and specialised IT …

AI-powered decision support systems, what are they?

Artificial Intelligence (AI) can do all the things humans do better, faster, and more reliably. That’s a bold statement. Because it seems that the next wave of Fintech is aiming to sweep humans out of financial services and who knows out of what else. One reads endless articles imagining dystopian …

Financial services outsourcing: opportunity or threat?

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 …

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