Clearstream launches new bank in Luxembourg for institutional fund investors
The new entity, named Clearstream Fund Centre, operates under a Luxembourgian commercial banking licence.
Luxembourg
FNZ to acquire Luxembourg-based B2B fund platform Ifsam
FNZ says the acquisition will strengthen its client proposition and build out its presence in Luxembourg.
Mangopay appoints Carlos Sanchez Arruti as CFO
Arruti joins from Amazon and brings more than two decades of experience to the role.
Banque de France and Banque centrale du Luxembourg conduct wholesale CBDC test
The test shows “how digital assets can be issued, distributed and settled within the Eurozone in a single day”.
European Investment Bank appoints new group chief digital officer
In her new role, Christie will lead digital transformation, information and technology services for the bank.
Wealthtech FNZ snaps up private banking tech provider New Access
New Access is primarily active in Switzerland, Liechtenstein and Luxembourg.
New European wealthtech Moniflo launches in beta
Moniflo says it aims to make investing “transparent, affordable, and for everyone”.
Revenue-based lender Bloom bags £300m Series A
The funding will be used to scale its business in Europe and the US.
Bank of China’s Luxembourg arm picks ERI’s Olympic Banking System
The core banking system will be used to support BOC’s custody and clearing business.
Advent International acquires European paytech Mangopay, invests €75m
French banking group Crédit Mutuel Arkéa will remain a minority shareholder in the firm.
ICT Spring goes “beyond frontiers” and unveils a new format for 2022
The event is being hosted on 30 June and 1 July at LuxExpo the Box, Luxembourg.
Deutsche Börse acquires Luxembourg-based fund data specialist Kneip
Kneip provides fund data management and regulatory reporting solutions for the asset management industry.
Rakuten Europe Bank opts for Temenos Banking Cloud
The bank is building on its existing relationship with Temenos to enhance its member experience.
Nordea picks Temenos’ Multifonds for Luxembourg investor servicing activities
The cloud-based implementation will replace multiple on-premise systems.
JP Morgan to acquire majority stake in Volkswagen’s payments business
US banking giant says the deal will expand its digital payment capabilities.
Société Générale revamps private banking in Europe with Azqore
SocGen’s Luxembourg, Monaco, and Swiss locations switching up their tech.
Banking Circle nabs first banking licence from Luxembourg regulators
Banking Circle’s operation centers in the UK, Germany and Denmark will turn into bank branches.
Sogexia nabs Luxembourg licence, starts migrating 180k UK customers
Neobank mitigates Brexit impact with new EU payment licence.
Covered Bond Bank migrates international branches to Avaloq Banking Suite
New York, Singapore, and Shanghai all switch to Avaloq system.
Dubai regulators sign fintech agreement with Luxembourg commission
The two countries build on a previous deal inked in 2007.
How to thrive in an ever changing market, a conversation with the COO of Qualco
Spyros Retzekas, COO at Qualco says agility is the key.
Thought Machine deploys Vault core platform at SEB innovation hub
SEB’s studio set to experiment with cloud-based core system
Payconiq raises €20m for mobile payments development
The platform already has over 60,000 merchants in Benelux.
Gardenia Technologies wins the NadiFin accelerator
It takes home a €100,000 investment from MiddleGame Ventures.
CSSF warns UK fintechs about onsite visits
As part of its Brexit preparations, UK fintechs and payment services must also prepare for visits from the CSSF.
Eurobank plans front-to-back transformation with Temenos
Temenos’ T24 Transact and Infinity products to be rolled out in Cyprus, Luxembourg, Bulgaria and Serbia.
Europe’s dance of fintech hubs
As a strong and united ecosystem, the European fintech scene can finally discover its true potential.
Commerzbank completes securities transaction test on blockchain
Pilot with Continental and Siemens – and transaction based on R3’s Corda platform.
Banco Best and Credit Suisse bring DLT to fund transactions
Putting the fun in FundsDLT.
Cyber risk crew Cyberhedge gets funding edge in Luxembourg
Luxembourg Future Fund provides support to boost nation’s tech scene.
Alipay gets European payments licence
Follows on from Google’s licence earlier this month.
Temenos and Luxhub’s API team get first client Fortuna Banque
Luxembourg-based cooperative bank looks at open banking.
Deutsche Bank Luxembourg turns to Avaloq for core banking tech revamp
Avaloq Banking Suite creates a single cash ledger for Deutsche Bank in Luxembourg.
BNP Paribas buys ABN Amro’s Luxembourg business
ABN Amro (Luxembourg) sees no future for its wealthtech business in the country.
China Merchants Bank opts for OneSumX regtech solution
China Merchants Bank chose Wolters Kluwer’s OneSumX for its regulatory reporting activity in Luxembourg.
Core banking system integrator Syncordis acquired by L&T Infotech
Indian tech vendor L&T Infotech (LTI) has acquired Syncordis, a Luxembourg-based core banking implementation specialist, for €15 million.
China Everbright Bank selects Wolters Kluwer’s OneSumX for regulatory reporting
China Everbright Bank (CEB) has chosen Wolters Kluwer’s OneSumX regulatory reporting software for its operations in Luxembourg. According to Wolters Kluwer, OneSumX uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s regulatory update service. This service is maintained by its staff who monitor regulation in approximately 50 countries, […]
Fortuna Banque to revamp front-to-back office tech with Temenos and Syncordis
Luxembourg-based Fortuna Banque, a retail co-operative bank, is modernising its core banking and digital operations with Temenos. The project is being carried out by local system integrator Syncordis.
Rakuten Europe Bank opens for business with Temenos front-to-back office tech
Luxembourg-based Rakuten Europe Bank, a subsidiary of Japan’s e-commerce and internet company, Rakuten, has gone live with Temenos’ T24 core banking system and Temenos Connect for digital channels.
MIT’s trade finance platform debuts in Luxembourg
Bank GPB International, a member of the Gazprombank group, has selected MIT’s (Micro-Informatique & Technologies) trade finance platform to support its business from Luxembourg. The MIT platform chosen by the bank comprises Credoc, the Swiss firm’s flagship back-end trade finance solution, and TRAC, its middle/front collateral management system, which provide support for transactional commodity finance […]
