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 banking is growing in importance to not only Luxembourg’s economy but also to ensure a successful future for the banking sector. Corporate banks need to differentiate themselves and generate real value and that translates into responding to increasing challenges such as cost discipline, related to end-to-end process streamlining, for …
Competition for talent is fierce. Under the current circumstances, few can challenge that affirmation. The competition equation, if there is one, is more complex because the biggest rival isn’t out there but within a company. Attractiveness and the ability to enhance, upskill and retain existing talent need to be added. …
“Alexa it”, just as you “google” it. We recently read that Amazon wants us to “Alexa” things, in a bid for world domination of the voice-assistant industry and to steal for Google a little piece (more) of the search market. But Amazon isn’t new to these tactical maneuvers to achieve …
The “world’s most important number” is to be phased out by the end of 2021. Slow motion or inaction aren’t definitely desirable, but teamwork instead. It’s hard to overstate the significance of the transition from LIBOR to alternative reference rates. While organisations around the world have begun preparations for this …
One day, banks will perish. You know, the big building where bankers attend customers face-to-face and a large set of services is delivered. Even the ones that have implemented an end-only digitisation model will disappear. One day. More and more, customers don’t like cosmetic fixes, when banks design an appealing …
There are interest rate indices, and there is LIBOR. There are numbers, and there is LIBOR. In fact, you can even find articles referring to it as “the world’s most important number”. But what is this index the business community is increasingly talking about? By the end of 2021, …
Julia Gillard, who served as the 27th Prime Minister of Australia and Leader of the Australian Labour Party from 2010 to 2013, once said “Our future growth relies on competitiveness and innovation, skills and productivity. These in turn rely on the education of our people.” While Julia has a valid …
In a year marked by the enforcement of several regulations, banks have their hands full. Investor protection (MiFID II), online payment innovation (PSD2), clients’ data privacy (GDPR) are among the regulations 2018 has seen being enforced. The banking sector is also undergoing a significant change when it comes to internal …
