Fortuna Banque to revamp front-to-back office tech with Temenos and Syncordis

Syncordis helped Temenos develop Luxembourg Model Bank version of T24

Luxembourg-based Fortuna Banque, a retail co-operative bank, is modernising its core banking and digital operations with Temenos. The project is being carried out by local system integrator Syncordis.

Rakuten Europe Bank opens for business with Temenos front-to-back office tech

Rakuten banking comes to Europe

Luxembourg-based Rakuten Europe Bank, a subsidiary of Japan’s e-commerce and internet company, Rakuten, has gone live with Temenos’ T24 core banking system and Temenos Connect for digital channels.

MIT’s trade finance platform debuts in Luxembourg


Bank GPB International, a member of the Gazprombank group, has selected MIT’s (Micro-Informatique & Technologies) trade finance platform to support its business from Luxembourg. The MIT platform chosen by the bank comprises Credoc, the Swiss firm’s flagship back-end trade finance solution, and TRAC, its middle/front collateral management system, which provide support for transactional commodity finance […]

Blockchain payments start-up SnapSwap now an electronic money institution


Luxembourg-based start-up SnapSwap, which offers blockchain-based payments, has received authorisation to operate as an electronic money institution (EMI). The firm says the EMI licence, provided by the Ministry of Finance of Luxembourg, allows it to issue debit cards and other payment instruments linked to Gloneta accounts. The latter combines a mobile messenger (chat) with cross-currency […]

Lemanik Asset Management opts for Linedata Compliance


Luxembourg-based Lemanik Asset Management has chosen Linedata’s compliance monitoring software – Linedata Compliance. To comply with the Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Fund Managers (AIFM) directives, which impose controls and “transparency discipline”, Lemanik decided to manage its report production by itself and chose Linedata to roll out the tech. […]

BIL embarks on major technology overhaul with Temenos


Banque Internationale à Luxembourg (BIL), the oldest bank in Luxembourg, is embarking on a major tech overhaul. It will replace its legacy software with Temenos’ T24, Banking Technology understands. Founded in 1856, BIL operates in retail, private and corporate banking, treasury and financial markets. The core banking software replacement comes as part of a broader […]

Nomura Bank extends relationship with software provider Simcorp

Nomura and Simcorp extend partnership

Luxembourg-based Nomura Bank has singed a “large additional licence agreement” with investment software specialist Simcorp, according to the vendor. The bank went to market looking for a new software provider but concluded that staying with Simcorp would be the best option. The two companies have been working together since 2009. Simcorp’s CEO, Klaus Holse, comments […]

LSE’s Luxembourg venture highlights regulator’s dilemma

The LSE will open a new CSD in Luxembourg

The London Stock Exchange’s plans to establish a new central securities depository in Luxembourg reveal the way regulation can have unintended consequences – in this case a proliferation of CSDs.

Luxembourg Stock Exchange targets fund transparency

The LuxSE project aims to improve transparency for Luxembourg funds

The Luxembourg Stock Exchange is cooperating with IT support company Altus to develop a market infrastructure for European investment funds, which constitute a large part of the Luxembourg economy.