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Disrupted by new technologies and agile fintech players (such as PayPal), the financial industry has no other choice than to innovate in order to survive. According to the PayPal CEO, innovation will definitively come through deep research in this field.

While visiting Luxembourg to launch the first public-private chair dedicated to digital financial services in partnership with the University of Luxembourg, Mr Schulman estimated that “the financial sector will change more in the next 5 years than it has done in the last 20”.

These changes are “only going to happen faster than before” as they are being pushed by 5G, the explosion of data available and the arrival of quantum computing that will be able to process massive amounts of data in record time. “All of that make this chair so important,” he added.

Trusted autonomous payments methods to be studied

“This chair is about interaction between the right players in technology, research and the financial industry,” explained Minister of Finance Pierre Gramegna.

The PayPal-FNR (Luxembourg National Research Fund) PEARL chair will explore the future of financial services. Professor Gilbert Fridgen, currently teaching at the University of Bayreuth (Germany), will lead it.

The fields of research will include the opportunities brought by blockchain, artificial intelligence and the Internet of Things in financial services, trusted autonomous payment methods and sustainable technology organisations in the business sector.

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Cybersecurity in Luxembourg: An expanding sector

15-10-2019

Luxembourg is internationally renowned for its expertise in cybersecurity. A recent mapping of the sector highlights a dynamic sector specialising, in particular, in risk identification and protection.
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Luxembourg has 4th highest education level in the EU

15-10-2019

Well over half of the population aged 30 to 34 years have graduated from tertiary education, a figure that places Luxembourg on the top 5 podium in the European Union.
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Luxembourg 18th most competitive economy in the world

15-10-2019

In particular, Luxembourg stands out for its performance in macro-economic stability, institutions and financial system.
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Record number of start-ups join Fit 4 Start

04-10-2019

Ten ICT start-ups, five companies in the healthtech sector and five in space tech were admitted into Luxembourg’s renowned acceleration programme Fit 4 Start. Participants will benefit from intensive coaching, free access to co-working facilities and a subsidy of up to €150,000.
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Giant brains celebrate 10 years of biomedical research

04-10-2019

Surprised to see 10 gigantic brains displayed all over the Luxembourg city centre? They are there for a reason: the renowned Luxembourg Centre for Systems Biomedicine (LCSB) celebrates its 10th anniversary with the exhibition "Mind the Brain".
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