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Beyond the buzzword

Beyond the buzzword

Digitalisation and Luxembourg private banks

Digitalisation and Luxembourg private banks

Over the past two decades, the Luxembourg private banking industry has frequently been said to be at a crossroads. Whether it was the Feira Agreement, the financial crisis, increasing regulatory pressure or major players repositioning themselves towards a more demanding clientele, the private banks had to adapt either way.

 

Today they stand at another junction — that of “digital transformation” — and it looks rather more complex than its predecessors. What does it mean to “be digital” for a private bank? Do we need to be a first mover? What do my clients want? What is the competition doing? In fact, what is the competition?

 

We felt it was timely and relevant to try to address these questions in a study in which both the digital maturity and the digital ambitions of Luxembourg private banks are assessed.

 

Download the report. PDF (2,9Mo)

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