'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.
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
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.
Institutions are adapting to industry challenges in a
variety of ways, for example by cutting costs, changing their
operating model, seeking access to cross-border markets,
undertaking digital transformation or focusing on new customer
segments. In this context, a key topic to be addressed is
how institutions can benefit from crossborder opportunities to
expand beyond their current business model
(regions, clients, products and services,
interaction channels and pricing approach)
while minimizing their expenditure.
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faced by our clients across all industries.
Inside focuses on the main hot topics relevant for the market
(Asset management, Banking, Insurance, Public sector, Healthcare,
Private equity, Real estate, TMT, Manufacturing and consumer
business, Transport and logistics).
This article contains general information only, and none of
the Deloitte entities belonging to the Deloitte Network is, by
means of this article rendering accounting, business, financial,
investment or other professional advice or services. This article
is not a substitute for such professional advice or services, nor
should it be used as a basis for any decision or action that may
affect the reader's finances or business. Before making any
decision or taking any action that may affect the reader's
finances or business, the reader should consult a qualified
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When working with family businesses, it's sometimes surprising to see the gap between the founder and the next generation, particularly when the next generation do not see the importance of the business.
Luxembourg ranks as the largest EU fund domicile jurisdiction
and the second largest fund domicile jurisdiction globally.
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