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 3mn. Yet, when looking at the corporate banking …

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 …

Why are Luxembourg housing prices still on the rise? (Part I)

We can make an analogy between the bottleneck in supply that creates economic growth constraints and puts pressure on prices, and the real estate sector in Luxembourg, where prices keep rising. Both are clear illustrations of how tensions between supply and demand impact prices, especially when supply is inelastic.  Globally, …

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 potential of Corporate Banking in Luxembourg

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 …

This is how you start your Cloud transformation journey (Don’t miss the pace!)

By now, the business benefits of moving to the cloud aren’t questioned anymore. In fact, the adoption of cloud has followed a similar path than any other new technology. It needed first to be perceived as useful and easy to use. After all, the adoption of any digital technology always …

Women’s presence in the boardroom: It’s improving, but it isn’t quite there yet.

“To quota or not to quota” to accelerate women’s participation in boards and, in general, in leadership positions? To some, that’s the way to walk faster on the sometimes rocky path to achieving gender parity.  Like in all human-centred matters, when it comes to diversity matters nothing is black or …

AML in Luxembourg, where does the country stand?

Luxembourg is anti-money laundering (AML) and counter-terrorism financing (CTF) compliant. Both matters are, indeed, at the top of its agenda. This isn’t a recent commitment, rather, it dates back almost two decades. This article revisits the country’s developments on the matter.   Unquestionably, the impact of money laundering (ML) and terrorist …

The corporate secretary, glorified clerk or guardian of governance?

Corporate Secretary is a role commonly integrated in the Anglo-Saxon corporate culture. In continental Europe, it’s often seen as an administrative support function only. However, societal expectations, regulatory pressure and court decisions are drastically changing the perception of the corporate secretary, which is becoming a key element for organisations’ success. …

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