'Digital' has been a common buzzword for several years
now, but subject to a wide range of interpretations in terms of
impact and debate regarding the ways of developing a so-called
digital strategy in banks.
Executive Summary
When crossing borders, do you know and comply with all
regulations, anytime and anywhere?
Given its size, its location at the heart of Europe and its
multicultural workforce, Luxembourg's financial
center naturally relies on and promotes
cross-border business. This is particularly true for the
wealth management and private banking industries,
which should now focus on rethinking their approach to
cross-border opportunities.
Current context
It is no secret that financial institutions are facing a
challenging environment. Compliance with new regulations
is driving the CEO's agenda in the present and
affecting the traditional way of doing business. As a result,
banks and wealth managers need to reassess what they
do and how they do it.
