Alex Panican Appointed Head of Partnerships and Ecosystem At LHoFT
Alex Panican is the new Head of Partnerships and Ecosystem at the Luxembourg House of Financial Technology – LHoFT.
Alex Panican is the new Head of Partnerships and Ecosystem at the Luxembourg House of Financial Technology – LHoFT.
Daimler Financial Services AG announced today that it is acquiring the electronic payment services provider PayCash Europe SA. By gaining a foothold in the ePayment business, Daimler AG will be launching its own electronic payment services provider under the “Mercedes pay” brand name.
Blockchain is a distributed ledger which maintains all transactions and assets and is updated by a number of counterparties. Financial institutions are investing in the technology – in what is hoped – to automate processes and remove “human” errors. This may help towards lowering transactional and operational costs by releasing the finance sector from its legacy systems.
Erik Jacquemart is responsible for monitoring the strategic plan at ING Luxembourg and as such, he is also the “Chief Innovation Officer”. How does a bank with 35 million customers and operations in 40 countries manage to remain at the forefront of technology? What can an accelerator program such as ING FinTech Village bring to the bank?
Prime Minister of Luxembourg and Minister for Culture, Media and Communications, Xavier Bettel made a special announcement on November 23rd: the launch of the Infrachain initiative. The Digital Lëtzebuerg team and the project lead have signed a memorandum of understanding between 5 public and private partners to begin work immediately on a national blockchain infrastructure project.
The financial services industry is facing a wave of digital disruption that is starting to reshape the sector. The Fintech 100 celebrates the top companies this bold new space: the 50 leading established players creating change within financial services, and 50 of the emerging fintech stars of tomorrow.
When they digitalize, banks often focus all their attention IT part, but digitization also applies also to processes, culture, people and a new way of management; this realisation was one of the exciting highlights of the Business Breakfast “Luxembourg meets Slovenian Fintech Ecosystem: Innovative and concrete solutions” held on Tuesday 25 at October Hotel le Royal in Luxembourg city.
2Gears S.A., the award-winning creator of the Governance.io Investment Fund Oversight solution, has raised a funding round of €2m. Backed by an undisclosed group of senior sector specialists, the round includes debt financing under InnovFin (EU Finance for Innovators Initiative).