Faced with the challenges of interoperability in the digital sector, the Luxembourg Bankers' Association (ABBL) is taking an active part in the transversal dynamic set up by the government by participating, on 28 September, in the Constituent Assembly of the High Committee for Digital Transformation.

Picture: ©SIP- Jean-Christophe Verhaegen




The challenge of interoperability

The interoperability of systems and the possibility of exchanging standardised data between public and private players is a crucial issue for the financial centre. We can mention identity documents, certificates of residence or even energy passports, all of which are essential data and documents in the relationship between financial professionals and their clients or in the processing of certain files.


The need for national coordination

The need for national coordination and greater consultation on such issues between the private and public sectors is a subject on which the ABBL has been working for years. It therefore welcomes the initiative taken by the Ministry of Digitalisation to set up a High Committee for Digital Transformation with the following objectives:

  • Identify and discuss major developments in digital transformation and its opportunities, risks and necessary adaptations.
  • Analysis and evaluation of key performance indicators (KPIs) and important international benchmarks.
  • Proposing potential initiatives and projects to improve eGovernment.
  • Contribute to the identification of potential initiatives and actions to improve digital inclusion.

The ABBL participated in the constitutive assembly of the High Committee on 28 September 2022 alongside representatives of a dozen Ministries and key actors from the private and associative sectors.


A platform for discussion of all the issues facing the sector

This High Committee will also be a platform to discuss other important issues for ABBL members such as the question of training and attraction of talent to Luxembourg or the support granted to companies for the financing of digital transformation. In this context, it is worth recalling that in the framework of the tripartite agreements, the government responded to one of the demands of the ABBL and the UEL by agreeing to tax exempt digitalization projects.