| Banque Internationale à Luxembourg and Bank of China (Luxembourg) sign cooperation agreement | https://www.bil.com/en/bil-group/pressroom/news/Pages/BIL-and-Bank-of-China-Luxembourg-sign-cooperation-agreement.aspx | Banque Internationale à Luxembourg and Bank of China (Luxembourg) sign cooperation agreement | | <p>Bank of China was the first Chinese bank to establish a branch in Luxembourg in 1979. BIL and Bank of China have a long history of working together. With this agreement, they intend to further develop their business collaboration. Both banks can leverage their respective expertise and services on their domestic market to bring top-notch services to corporate clients in Europe and in China. </p>
<p>The agreement outlines an ambitious plan to collaborate in the fields of:</p>
<ul class="list-check">
<li>Corporate finance,</li>
<li>Financial market activities, </li>
<li>Treasury activities,</li>
<li>Joint marketing events and product development.</li>
</ul>
<p>Marcel Leyers, Chief Executive Officer of BIL, commented: “<i>Since Legend Holdings acquired a majority stake in BIL last year, China has become a new market for the bank. BIL aims to be an investment bridge between China and Europe, and the collaboration with Bank of China is a perfect example. Both of us are committed to strengthening a mutually beneficial relationship and this agreement allows us to explore more opportunities together, in Europe and China.</i>”</p>
<p>Zhou Lihong, General Manager, Bank of China Luxembourg Branch, commented: "<i>BOC Luxembourg aims to further strengthen the comprehensive strategic partnership on a bilateral beneficial basis between BIL and BOC Luxembourg, and the successful expansion in the financial market business across Europe and China.</i>”</p> | 7/12/2019 10:00:00 AM | | |
| BIL’s Open Banking platform now accessible for developers | https://www.bil.com/en/bil-group/pressroom/news/Pages/BIL-Open-Banking-platform-now-accessible-for-developers.aspx | BIL’s Open Banking platform now accessible for developers | | <p>Covered in particular by the second European Payment Services Directive (PSD2), the Open Banking concept encourages banks to open their information systems up to third party providers (TPP). With its new Open Banking platform, BIL will be able to collaborate with these third parties (online merchants, fintechs, partner companies, etc.) to offer even more services to its clients.</p>
<p>The bank is now offering external developers an initial application programming interface (API), giving access to account information (balance and transactions) and enabling payments. Developers will be able to test and use this API to offer BIL clients account aggregation services and payment services.</p>
<p>Of course, this collaboration is completely transparent and secure for clients. They choose the service that they wish to use, and their consent is needed for a third party to access their information or initiate a payment. These third parties must also be certified by a financial regulator of a member country of the EU.</p>
<p>“<i>Financing needs, investment products, mobile payments: our strategy aims to make our clients’ daily life easier by offering them new digital experiences. Open Banking is a great opportunity for accelerating innovation in financial and non-financial services</i>”, said Olivier Debehogne, Head of Retail, Private Banking Luxembourg and Digital at BIL.</p>
<p>Yves Baguet, Chief Operating Officer, added: “<i>With our Open Banking platform, we have a powerful tool built for developers. It is also a catalyst for our digital transformation. We will keep improving it to provide an easily accessible, high-performing development ecosystem that guarantees our clients’ security.</i>”</p>
<p>Are you a developer? Go to <a href="https://developer.bil.com" tagert="_blank">https://developer.bil.com</a></p> | 6/25/2019 12:00:00 PM | | |
| Stéphanie Jauquet named BIL Business Woman of the Year | https://www.bil.com/en/bil-group/pressroom/news/Pages/Stephanie-Jauquet-named-BIL-Business-Woman-of-the-Year.aspx | Stéphanie Jauquet named BIL Business Woman of the Year | | <p>Hosted by Genna Elvin, the founder of the TaDaweb startup, the 10th BIL Business Woman of the Year award ceremony was a superb demonstration of talent, creativity and passion. Luc Frieden, Chairman of BIL’s Supervisory Board, and Karin Scholtes, Head of People, Culture and Communication, opened the ceremony with a reminder of the importance of diversity in business and highlighted the Bank’s key role in supporting entrepreneurship in Luxembourg.</p>
<p>The five finalists, Ilana Devillers (Food 4 All), Stéphanie Jauquet (Cocottes), Aida Nazarikhorram (Lux AI), eLfy Pins (Supermiro) and Karine Vallière (Jumpbox) gave lively pitches for their companies in front of an audience of over 160 people. The panel of experts drawn from BIL partners Women in Digital Empowerment (WIDE), technoport, Equilibre, Paul Wurth InCub and Schiltz&Schiltz, had the difficult task of choosing the winner. Before the award ceremony, Alexandra Fernandez-Ramos, co-founder of Travelsify and joint winner in 2017, gave a general view of the current position of women in society and in the business world. In her speech, she encouraged women to speak up and take a more active role.</p>
<p><b>And the winner is…</b></p>
<p>The jury awarded the BIL Business Woman of the Year prize to Stéphanie Jauquet, founder and CEO of Cocottes. During her pitch, she gave a moving account of her career. Launched in 2014, Cocottes already has 8 shops, 140 staff and major expansion projects in the pipe. The CEO plans on doubling Cocottes’s revenues to 15 million within 2 years.</p>
<p>“<i>Discussions amongst the jury members were very intense, as all five of these talented women deserved this award. The big winner this evening is entrepreneurship. I hope that our event will inspire other women and men to dare to follow their dream through to the end</i>”, said Karin Scholtes, Head of People, Culture and Communications at BIL and a member of the panel.</p>
<p>Launched in 2006, the Business Woman of the Year award puts the spotlight on exceptional women whose talent and energy help to strengthen the Luxembourgish economy. The projects presented by each contestant must be based on sound economic fundamentals, innovative and have a positive impact on the Luxembourgish economy. The latter has been a guiding principle of the competition since its inception.</p> | 6/6/2019 3:00:00 PM | | |
