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

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 […]

Luxembourg Stock Exchange targets fund transparency

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.