Tag: Finance

BUSINESS NEWS

6th Horizon Conference: Wake-up Call for the Financial Industry

Horizon conference gathered 300 financial industry professionals to discuss the changing environment and spark new ideas. The conference shook the audience out of their daydream in the Salle de Musique de Chambre at the Philharmonie; while several government officials highlighted Luxembourg’s proven ability to adapt to a changing environment, the international keynote speakers drew a picture of a future in which bankers may need to explain their raison d’être.

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BUSINESS NEWS

Luxembourg as living lab for blockchain testing

Interesting interview with Rik Willard, blockchain consultant in New York City. Rik Willard is the Managing Director of Agentic Group, a consortium of blockchain and related companies that provide executive education, consulting, and development in the emerging blockchain sector. Agentic Group is based in New York City, with member companies in the EU, Canada, South America, and Asia.

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NEWS START-UP

Banks look to co-creation with FinTech start-ups

It’s hard to dismiss the concept of ‘crowdfunding’ after you see the impressive growth of the U.S-based Lending Club platform. With a loan portfolio of USD$4 billion – and nearly $1 billion in growth in the first quarter of 2014 alone – there’s little doubt that such upstart initiatives are making waves, and banks may want to find ways to join the ‘FinTech’ revolution, possibly through co-creation projects.

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BUSINESS NEWS

Luxembourg has more construction companies than financial firms

Finance and insurance may be the biggest money making activities in Luxembourg yet they only account for below 4 percent of the companies registered. Figures published on Monday by analytics body STATEC showed that there were 1,193 financial and insurance companies registered in Luxembourg out of a total 30,476 firms.

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BUSINESS NEWS

Presenting Accounting Box at the Forum in Barcelona Stock Exchange

The Accounting Box team, a spin-off company of Pronet Kranj, successfully introduced their virtual robot SIRIS at the Forum in Barcelona Stock Exchange premises. This happened following their successful presentation at the investment forum in Athens and at the Congress of financial performers’ services in Laško.

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NEWS

Luxembourg Jobs Market Remains Active

A particularly encouraging sign of solid business confidence is a 10% increase in secretarial and support roles advertised since the second quarter, and a 55% uplift compared to the same period last year. The marketing sector also had a busy summer and showed a 4% increase in the quarter and a 28% rise year on year. These sectors defied the usual summer slowdown and correlate to business growth across the country.

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