| Financial center players pool their AML/KYC processes within i-Hub | https://www.bil.com/en/bil-group/pressroom/news/Pages/Financial-center-players-pool-their-AML-KYC-processes-within-i-Hub.aspx | Financial center players pool their AML/KYC processes within i-Hub | | <p>In order to optimise and modernise their operational systems for documenting and understanding their customer relationships (KYC processes), Banque Internationale à Luxembourg, Spuerkeess and Banque de Luxembourg have signed up for a new and innovative digital solution for the management and storage of data and documents.</p>
<p><b>The 5 institutions</b> that subscribe to this solution will be able to better serve their clients, while automating an important part of their knowledge and documentation process necessary to attest the compliance of their business relationships.</p>
<p><b>Their Clients</b>, whether natural or legal persons, residents or non-residents, who will use this new digital solution will benefit from free access to a centralised and secure digital file allowing them to :</p>
<ul class="list-check">
<li>consult and update all their documents and identification data,</li>
<li>share, following their prior consent, their file with the i-Hub client institutions with which they have a business relationship.</li>
</ul>
<p>For Banque de Luxembourg, Banque Internationale à Luxembourg and Spuerkeess, the subscription to the i-Hub service is combined with the <b>acquisition of a stake in i-Hub’s equity capital</b>, which has already been approved by the supervisory authorities.</p>
<p>As Professional of the Financial Sector (PFS), i-Hub meets the strict requirements of data protection and security. i-Hub has equipped itself with highly secure, state-of-the-art technology, located exclusively within infrastructures in Luxembourg. By signing with Financial Centre’s major banks, i-Hub continues to offer innovative KYC management solutions and aims to become a trusted partner for all players subject to KYC/AML regulations.</p>
<p>Jeffrey Dentzer, Head of Luxembourg Market & CIB at Banque Internationale à Luxembourg said: “<i>Good cooperation between banks is one of the strengths of the Luxembourg financial center, especially when it comes to offering clients modern and digital solutions. We are pleased to become an i-Hub partner.</i>”</p>
<p>Fabrice Cucchi, Chief Transformation officer and member of the Executive Committee of BGL BNP Paribas said: “<i>We are very pleased with the arrival of these partners in the RegTech i-Hub which will improve the customer experience by offering them the possibility to share their KYC data and documents, and strengthen the competitiveness of the financial center by promoting the pooling of investments in the field of the constantly evolving AML/KYC regulation.</i>”</p>
<p>Pascal Morosini, CEO of i-Hub said: “<i>Serving banks bilaterally in outsourced mode (BPO) is one thing, allowing their clients to access their own digital files and share the common attributes of their business relationships is a great technological lead. Banks have understood the importance of outsourcing and pooling AML/KYC processes, which are becoming increasingly costly and time consuming to maintain. The step they are taking and the support they are giving us is historic and forward-looking for the Luxembourg financial center.</i>”</p>
<p>Claude Strasser, CEO of POST Luxembourg, said: “<i>The arrival of Spuerkeess, BIL and Banque de Luxembourg in i-Hub confirms the maturity of the proposed technological solution and will allow the mutualisation of banks’ KYC files to take full effect, it being understood that this mutualisation will be carried out in strict compliance with the clients’ consent. i-Hub will considerably facilitate the KYC processes of the regulated players but also of their clients. This is a real asset for the financial center.</i>”</p>
<p>Romain Weiler, Chief Operating Officer of Banque de Luxembourg said: “<i>i-Hub is a unique initiative and opportunity in Luxembourg, bringing together 5 of the leading banks in the financial center around a common ambition: to simplify the life of our clients by making the repetitive processes of documenting business relationships more fluid, both on the client’s side and on the banks’ side.</i>”</p>
<p>Françoise Thoma, CEO and Chairman of the Management Committee of Spuerkeess said: “<i>KYC (Know your customer) is an important element in the fight against financial crime and money laundering. i-Hub is a trusted partner that allows us to simplify the verification of a customer’s identity and thus speed up the opening of a bank account. This collaboration saves valuable time – both for us and our customers – but in a highly secure manner.</i>“</p> | 12/19/2022 2:00:00 PM | | |
| €50,000 donated at BIL's Associations Day | https://www.bil.com/en/bil-group/pressroom/news/Pages/EUR50000-donated-at-BIL-Associations-Day.aspx | €50,000 donated at BIL's Associations Day | | <p>On its first Associations Day, BIL focused on health by inviting ten NGOs that strive to improve the quality of life of people suffering from illnesses or disabilities, and help them find employment. The NGOs presented their activities to BIL employees and at the end of the day, each association received a €5,000 cheque, totalling €50,000 in donations.</p>
<p>The NGOs are the following:</p>
<ul class="list-check">
<li>Fondation Cancer <a href="http://www.cancer.lu" target="_blank">www.cancer.lu</a></li>
<li>Fondation Kriibskrank Kanner <a href="http://www.fondatioun.lu" target="_blank">www.fondatioun.lu</a></li>
<li>Fondation Autisme Luxembourg <a href="http://www.fal.lu" target="_blank">www.fal.lu</a></li>
<li>Télévie <a href="http://www.televie.rtl.lu" target="_blank">www.televie.rtl.lu</a></li>
<li>ALAN – maladies Rares Luxembourg <a href="http://www.alan.lu" target="_blank">www.alan.lu</a></li>
<li>ELA Luxembourg <a href="http://www.ela-asso.lu" target="_blank">www.ela-asso.lu</a></li>
<li>Médecins du monde <a href="http://www.medecinsdumonde.lu" target="_blank">www.medecinsdumonde.lu</a></li>
<li>Île aux clowns <a href="http://www.ileauxclowns.lu/" target="_blank">www.ileauxclowns.lu/</a></li>
<li>La Main tendue <a href="http://www.lamaintendue.lu/" target="_blank">www.lamaintendue.lu/</a></li>
<li>Chiens guide d’aveugles <a href="http://www.chienguide.org" target="_blank">www.chienguide.org</a></li>
</ul>
<p>Marcel Leyers, CEO of BIL, commented: “<i>The work carried out by these organisations is remarkable. It is an honour for BIL to open its doors, to welcome them so we can learn more about their activities and support them financially.</i>”</p>
<p>This Associations Day is part of the bank's sustainable development strategy, which aims, in particular, to have a positive impact on the economy and local communities. Its focus on Luxembourg and support for local organisations are at the heart of its action. The bank and its employees are thus involved with numerous NGOs in the fields of education, health and the environment.</p> | 12/6/2022 5:00:00 PM | | |
| Le Comité Olympique et Sportif Luxembourgeois (COSL) et la Banque Internationale à Luxembourg (BIL) s’unissent au service du mouvement sportif luxembourgeois | https://www.bil.com/en/bil-group/pressroom/news/Pages/Le-COSL-et-la-BIL-s-unissent-au-service-du-mouvement-sportif-luxembourgeois.aspx | Le Comité Olympique et Sportif Luxembourgeois (COSL) et la Banque Internationale à Luxembourg (BIL) s’unissent au service du mouvement sportif luxembourgeois | | <p>Monsieur André Hoffmann, Président du COSL, souligne que le COSL est fier de compter désormais parmi ses partenaires la BIL, une banque internationale ancrée au Luxembourg et tournée vers l’avenir : « <i>Il est de plus en plus difficile pour les acteurs du mouvement sportif privé de trouver de nouveaux partenaires, pourtant essentiels pour nous permettre d’accomplir nos missions au profit des sportifs et de la société tout entière. Nous sommes donc heureux de ce nouveau partenariat stratégique avec la BIL, pilier de la place financière luxembourgeoise, lequel nous permet de soutenir encore mieux nos fédérations membres ainsi que les athlètes et talents sportifs grand-ducaux à l’approche des grands rendez-vous internationaux des prochaines années et notamment des Jeux Olympiques de Paris en 2024.</i> »</p>
<p>Marcel Leyers, CEO de la BIL, a ajouté : « <i>La BIL est honorée de devenir partenaire principal du COSL. Nous partageons des valeurs essentielles comme le respect, l’esprit d’équipe et l’excellence. De plus, nos racines sont au Luxembourg et c’est une fierté pour nous de soutenir les athlètes de haut niveau qui vont porter les couleurs du pays aux compétitions sportives internationales telles que les Jeux Olympiques.</i> »</p>
<p>Cet engagement s’inscrit dans la stratégie de développement durable de la BIL. Le soutien à l'économie luxembourgeoise et le développement des communautés dans lesquelles la banque est présente sont au coeur de son action. Avec ses collaborateurs, c’est plus de 1800 personnes qui s’engagent aux côtés de nombreuses associations et ONG actives au Luxembourg.</p>
| 12/5/2022 10:00:00 AM | | |
