The publication of the Law of 30 March 2022 on inactive accounts, inactive safe boxes and dormant insurance contracts (Loi relative aux comptes inactifs, aux coffres-forts inactifs et aux contrats d’assurance en déshérence) brought some clarity to insurance professionals as to how they should handle...
In December 2021, the European Banking Authority (EBA) published new draft guidelines on remote customer onboarding at the request of the European Commission. These respond to the rising demand for remote rather than face-to-face onboarding, which was exacerbated by the global pandemic. ...
Enterprise Payments (ENPAY), Finologee’s new professional payments and multi-bank account access management platform, is designed to enable financial industry and institutional players to enhance their payments processes....
A recent survey conducted by The LHoFT in association with The Payments Association EU looked at payments in the Grand Duchy, examining how Luxembourg consumers pay, the basis on which they make their choices and how they envisage future payment behaviour. Among the many interesting...
Finologee receives Luxembourg ICT Award for delivering best-in-class RegTech and digital payments outsourcing framework for regulated entities....
On 18 November, Finologee hosted a workshop on digital KYC journeys in the life insurance market. A group of about 30 industry professionals gathered at this in-person meeting at Finologee’s premises....
On 22 October 2018, the Luxembourg insurance sector regulator, the Commissariat aux Assurances (CAA), issued an impactful text in the form of CAA Circular 18/9 introducing new harmonized evaluation questionnaires relating to risks of exposure to money laundering and terrorism financing for life-insurance companies. Circular 18/9...
Two weeks ago, Finologee took part in one of the most important and renowned tech events in Luxembourg, ICT Spring 2021, a global tech conference hosting an array of international professionals, which took place 14 and 15 September. Dozens of experts in their fields took...
End of June 2021, Banque Raiffeisen has launched its own mobile payment App ‘Raiffeisen Payconiq”, enabling its customers to both make peer-to-peer transfers and to pay their utility bills, in shops and remotely with Luxembourg’s leading mobile payment network, Digicash by Payconiq....
When it comes to payment processes, companies are facing daunting and growing challenges. Currently, a significant number of corporates and financial institutions still rely heavily on manual processes, such as paper-based payment instructions or authorisations that require manual data entry and physical signatures, which may...