Why is AI relevant to private banking and how can it affect the business going forward? The key lies in client centricity which is leading private banks to ultra-personalization. The nature of the Private Banking business is to be customer focused.  However, just knowing your customer is no longer enough to meet growing requirements. According to an Avaloq investor survey* from affluent to UHNWI clients across regions, 44% of investors in Europe consider ‘A highly-personalized service’ as one of the top must-have elements in financial services. Understanding the complexity and creating value by foreseeing clients’ requests is how private banks must equip to survive in the era of personalization. Whilst AI is not the sole answer, it is an important tool that enables the banking sector to accelerate the shift into the wave of digital transformation.

The financial services industry is evolving at a fast pace, driven by tech innovation, regulatory change and increased competition. Moreover, banks and financial institutions are constantly adapting to the new needs of their customers, who are now looking for real-time solutions, tailored products, enhanced user experience and much more on top of this. Over the last few years, many banks have leveraged the potential of APIs to surf the transformation wave. To do so, they have had to adopt the concepts of ecosystems and marketplaces, enabling rapid innovation and efficient product development.

Taipei Fubon Bank, one of Taiwan’s largest commercial banks, has partnered with Avaloq to build a state-of-the-art wealth management platform for its private banking business in Hong Kong, Singapore as well as onshore, in Taiwan.

The year 2021 is coming to an end… and it has been a busy one for leading Luxembourgish Fintech and Open Banking pioneer LUXHUB. We recently met with Jacques Pütz, CEO, and Claude Meurisse, COO, to review a successful year, and also to discuss the advent of Open Finance and what it represents for the financial services industry. And beyond.

En cooptant avec les sociétés innovantes à l’instar des fintechs, dans l’optique de développer de la valeur aux yeux de leurs clients, les banques s’inscrivent progressivement dans l’ère de l’open finance. Sopra Banking Software facilite cette évolution, en facilitant la collaboration entre acteurs et en permettant l’émergence de nouveaux cas d’usage. 

Après des mois de privation, l’envie d’offrir et de recevoir n’a jamais été aussi grande. Avec l’application Giftable, développée par la start-up luxembourgeoise The Kindness Group, faites plaisir à ceux que vous aimez rapidement et simplement. Focus sur une application qui vous veut du bien.

Carige Smart, le nouveau modèle d'agence intelligente soutenu par les solutions technologiques d'Auriga, combine la numérisation avec la composante humaine pour une expérience client innovante.

Dans le cadre de son déménagement dans un siège social flambant neuf, Costantini a confié à System Solutions la conception et le déploiement de son nouveau réseau filaire et sans-fil. Avec, à la clé, une sécurité et des performances améliorées, outre un confort et une mobilité accrue pour les utilisateurs.

Constantini : une connectique de pointe ultra-performante grâce à System Solutions

LUXHUB, the Open Banking pioneer from Luxembourg - which is “built on compliance and driven by innovation” - has been featured in the world renowned RegTech100 2022. This accolade rewards the Fintech’s efforts – and products – designed to support financial institutions in their compliance efforts related to PSD2, AML5 and a range of other areas.