Technology transforms the world and the financial sector. Digitalisation takes competition and innovation capacities to new levels. For those of you still hesitating on embracing the digital wave, here are five reasons to make the leap:
Confident in their growth prospects, Luxembourg CEOs are not complacent. They understand the need to transform their business to accommodate technology advances and the shift in global economic power. They also worry about getting the right skills and people profiles. Some of them have mixed feelings about Brexit. We’ve taken …
Cloud-based services, stronger governance and data protection are just some of the new provisions meant to simplify IT outsourcing for regulated entities. The Commission de Surveillance du Secteur Financier (CSSF) Circulars published in May could change the design of financial institutions’ operational processes in Luxembourg. More support for cloud-based services …
Now that the largest Luxembourg banks have published their balance sheet, we have a clearer view on what 2016 looked like. Let’s face the music, all credit institutions share the same reality: cost control remains a top concern. At stake: new regulations and low rates definitely make their life harder. …
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 …
![[VIDEO] Sharing economy: a new world business model](https://blog.pwc.lu/wp-content/uploads/2017/03/Visuel_economy-sharing.png)