Innovation and transformation

Breakthroughs in technology have already started to transform all links in the investment value chain, impacting our traditional way of interacting within and thinking about the fund industry and end investors. This disruption is facilitated by innovation from both existing market players and an increasing number of large and small technology companies interested in the industry. Other factors driving disruption include changes in consumer behaviour and pressure on costs from end investors.

For 21st century investors to be able to leverage breakthrough technologies and tap into a superior investor experience, the Luxembourg technology ecosystem must continue to develop. We will facilitate this by bringing together the experts who built the financial centre, and the technology innovators who are disrupting finance. This will be supported by a rapid evolution of legal and regulatory framework which protects investors.

Working with the Luxembourg House of Financial Technology (LHoFT), other public and private technology communities and initiatives, competent authorities and others, ALFI will bring its technical, regulatory, product and market experience to foster collaboration and innovation, for example in proof-of-concepts applied to the fund industry. Digital solutions for investors, namely those that streamline on-boarding and investing, can be made smarter and more efficient. ALFI will seek to play a key role in making this happen.

One of the major challenges when embarking on a digital journey is the preparedness of talent. We will seek to build a digital talent pool by collaborating with educational organizations to offer relevant education and training.

Asset managers who seek to set up funds in Luxembourg need an easier, faster and cheaper cycle than currently available. In collaboration with other stakeholders, we seek to explore the technological possibilities that can help resolve current pain points in an innovative way, while meeting the many requisites essential for regulated products.

Asset managers who seek to set up funds in Luxembourg need an easier, faster and cheaper cycle than currently available. In collaboration with other stakeholders, we seek to explore the technological possibilities that can help resolve current pain points in an innovative way, while meeting the many requisites essential for regulated products.

 

ALFI StratBo member Ravi Beegun on innovation and transformation

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