ABBL (The Luxembourg Bankers’ Association) just announced the creation of the “Digital Banking and FinTech Innovation” Cluster. The new cluster will be headed during the next two years by Mr. Jean Hilger, CIO of Banque et Caisse d’Epargne de l’Etat, assisted by Vice-Head Mr.Rolf Bachner, Managing Director of The Bank of New York Mellon (Luxembourg) S.A.
The cluster will be represented at ABBL’s Board of Directors by Mr. Jeffrey Tessler, Director of “Clients, Products & Core Markets” division at Clearstream. The day to day management of the cluster will be assured by Mr. Marc Hemmerling, Member of the ABBL Management Board, assisted by Mr. Andrey Martovoy, newly appointed FinTech Adviser at ABBL.
The creation of this new Cluster is part of the strategic priority given by ABBL to the Digital Banking and FinTech Innovation in Financial Services.
The Cluster’s main objective is to support ABBL’s members in achieving the digital transformation of their business. This digital transformation as well as the embracing of FinTech innovation are of greatest importance to the future of banks and traditional financial services providers.
Through this structured approach, ABBL will also be able to better monitor and follow the efforts and initiatives taken by the Luxembourg government that put FinTech issues on its radar in order to strengthen the financial sector and the Luxembourg ICT sector at the same time. The combined efforts of the Luxembourg Government, LFF and the concerned private sector aim at creating a credible, competitive and reliable FinTech ecosystem in Luxembourg with unique selling points.
“I am extremely honored to take over the presidency of the Digital Banking and Fintech Innovation Cluster at ABBL”,Jean Hilger (photo) told IT One. “It is imperative for us to understand, adapt and anticipate the valuable potential of innovation for financial services that the digital transformation of banks and visionary FinTech evolutions represent.”