A clear takeaway from Wealth Tech Day 2025 was this: 𝗔𝗜 𝗮𝗻𝗱 𝘁𝗼𝗸𝗲𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗮𝗿𝗲 𝗻𝗼 𝗹𝗼𝗻𝗴𝗲𝗿 𝗲𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀. 𝗧𝗵𝗲𝘆 𝗮𝗿𝗲 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗶𝗺𝗽𝗲𝗿𝗮𝘁𝗶𝘃𝗲𝘀. 🚀

As these capabilities mature, their convergence is reshaping how we think about financial infrastructure and wealth management:

💡 𝗧𝗼𝗸𝗲𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻 is unlocking liquidity and enabling fractional access to traditionally illiquid assets, including real estate, private equity and fund shares.
💡 𝗔𝗜 is accelerating decision-making, enhancing personalisation, and supporting scalable trust frameworks across compliance, risk and advisory.

What resonated most was a simple point: innovation only delivers when it is operationally sound, properly governed and focused on concrete outcomes.

As Arnaud Clément, Head of Payments and Innovation at ABBL, put it: “𝘈𝘐 𝘢𝘯𝘥 𝘵𝘰𝘬𝘦𝘯𝘪𝘴𝘢𝘵𝘪𝘰𝘯 𝘰𝘯𝘭𝘺 𝘤𝘳𝘦𝘢𝘵𝘦 𝘷𝘢𝘭𝘶𝘦 𝘸𝘩𝘦𝘯 𝘵𝘩𝘦𝘺 𝘢𝘳𝘦 𝘢𝘯𝘤𝘩𝘰𝘳𝘦𝘥 𝘪𝘯 𝘵𝘳𝘶𝘴𝘵, 𝘵𝘳𝘢𝘯𝘴𝘱𝘢𝘳𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘳𝘦𝘢𝘭 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘶𝘴𝘦 𝘤𝘢𝘴𝘦𝘴.”

For financial institutions, the challenge is not just to deploy new tools. It is to demystify them, govern them responsibly, and ensure they create value for clients and markets. 🤝

At ABBL, we see this as a practical call to action:

→ collaborate across the ecosystem
→ build secure and explainable systems
→ help ensure innovation benefits all actors, large and small

Many thanks to Nataliia Iskra (Deutsche Börse Group) for moderating the discussion, and to the panellists for the insights shared, including Paulo Rocha (Andbank Luxembourg) and Tommaso Cervellati, MBA, CAIA (B2C2). 🤝

👉 Read the full recap on our website: https://lnkd.in/d842Kdmb

💬 Are tokenisation and AI part of your 2026 roadmap? What is your biggest enabler, or barrier?

Nataliia Iskra | Arnaud Clément | Paulo Rocha | Tommaso Cervellati, MBA, CAIA | Hubfinance.com

ABBL FinancialInnovation Tokenisation ArtificialIntelligence DigitalFinance

On 2 December 2025, Luxembourg’s Minister of Education, Children and Youth, Claude Meisch, announced a national action plan to further embed financial education throughout the school journey, from primary to secondary education, through a 𝘁𝗿𝗮𝗻𝘀𝘃𝗲𝗿𝘀𝗮𝗹 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 across the curriculum. 🇱🇺

In addition to the one-off initiatives already in place, such as 𝗪𝗼𝗰𝗵 𝘃𝘂𝗻 𝗱𝗲 𝗦𝘂𝗲𝗻 and workshops on 𝗯𝘂𝗱𝗴𝗲𝘁 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 and 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 organised by the 𝗙𝗼𝗻𝗱𝗮𝘁𝗶𝗼𝗻 𝗔𝗕𝗕𝗟 𝗽𝗼𝘂𝗿 𝗹'𝗲́𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗲̀𝗿𝗲, a series of measures will be gradually implemented.

✅ The plan is structured around 10 measures:

1️⃣ A national financial competence framework spanning Cycle 1 to the final years of secondary education
2️⃣ “Finny”, a puppet show introducing basic concepts for Cycle 1 (ages 3–5) 🎭
3️⃣ Financial education integrated into Cycles 2–4 as a priority transversal theme (not a standalone subject) 🧩
4️⃣ A new Piwitsch-Finanzguide for Cycle 4 (planned for 2027/2028) 📰
5️⃣ EduStart-Ups: student-run mini-companies in secondary schools 🚀
6️⃣ Finanzfürerschäin: a certification of financial competences (incl. for 2e from 2027/2028) 🎓
7️⃣ A national partner charter to ensure neutrality, quality and learner protection 🤝
8️⃣ A Financial Literacy Label for schools engaged in regular activities 🏷️
9️⃣ More specialised pathways and practical partnerships (simulations, projects, portfolios) 📈
🔟 Monitoring, including Luxembourg’s first participation in OECD PISA Financial Literacy (2029) 📊

At the 𝗙𝗼𝗻𝗱𝗮𝘁𝗶𝗼𝗻 𝗔𝗕𝗕𝗟 𝗽𝗼𝘂𝗿 𝗹'𝗲́𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗲̀𝗿𝗲, we welcome this development with great enthusiasm. Building on existing initiatives, we will continue supporting young people with practical programmes that bring them closer to the world of finance.

🔜 In 2026, the Foundation aims to further expand its offer with the support of volunteer trainers, ABBL colleagues and employees from ABBL member institutions, including new modules aligned with the OECD / European Commission financial competence framework, among which a workshop on 𝗰𝗿𝘆𝗽𝘁𝗼-𝗮𝘀𝘀𝗲𝘁𝘀 🪙.

📌 Looking ahead, Luxembourg’s participation in 𝗣𝗜𝗦𝗔 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗟𝗶𝘁𝗲𝗿𝗮𝗰𝘆 𝗶𝗻 𝟮𝟬𝟮𝟵 and in the 𝗢𝗘𝗖𝗗 𝘀𝘁𝘂𝗱𝘆 𝗼𝗻 𝗮𝗱𝘂𝗹𝘁𝘀’ 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗹𝗶𝘁𝗲𝗿𝗮𝗰𝘆 𝗶𝗻 𝟮𝟬𝟮𝟲 are important milestones to help assess progress and validate the relevance of this national framework.

👉 🔗 Source: https://lnkd.in/eiB5BUfr

Claude Meisch | Marc Welter | Joel Rech | Luc Belling | Luc Weis | Carole Tompers | Jessica Thyrion | Hélène Lange | European Banking Federation  | Sophia Ziakou | Rūta Barthet | Chiara Monticone | Andrea Grifoni | Elsa Favre-Baron | Flore-Anne Messy | OECD - OCDE Ministère de l'Éducation nationale, de l'Enfance et de la Jeunesse

Freshly issued, 𝗔𝗕𝗕𝗟 / 𝗘𝗬 𝗖𝗼𝘀𝘁 𝗼𝗳 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗦𝘂𝗿𝘃𝗲𝘆 𝟮𝟬𝟮𝟱. Regulatory compliance remains a major cost driver for Luxembourg banks. Smaller institutions bear a disproportionate burden relative to their size. The ABBL and EY survey shows why 𝗽𝗿𝗼𝗽𝗼𝗿𝘁𝗶𝗼𝗻𝗮𝗹𝗶𝘁𝘆 𝗶𝘀 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 to preserve banks’ capacity to invest, innovate and support the economy.

“𝘞𝘦 𝘯𝘦𝘦𝘥 𝘢 𝘤𝘭𝘦𝘢𝘳, 𝘤𝘰𝘯𝘴𝘪𝘴𝘵𝘦𝘯𝘵 𝘢𝘯𝘥 𝘧𝘢𝘪𝘳 𝘳𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺 𝘧𝘳𝘢𝘮𝘦𝘸𝘰𝘳𝘬. 𝘗𝘳𝘰𝘱𝘰𝘳𝘵𝘪𝘰𝘯𝘢𝘵𝘦 𝘳𝘦𝘲𝘶𝘪𝘳𝘦𝘮𝘦𝘯𝘵𝘴 𝘢𝘳𝘦 𝘬𝘦𝘺, 𝘴𝘰 𝘣𝘢𝘯𝘬𝘴 𝘤𝘢𝘯 𝘤𝘰𝘮𝘱𝘭𝘺 𝘦𝘧𝘧𝘦𝘤𝘵𝘪𝘷𝘦𝘭𝘺 𝘸𝘩𝘪𝘭𝘦 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘪𝘯𝘨 𝘵𝘰 𝘪𝘯𝘷𝘦𝘴𝘵 𝘢𝘯𝘥 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘵𝘩𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘺.”
Sandrine Roux, Secretary General, Member of the Management Board, ABBL

Key figures:
🔹 Regulatory investment costs represent 𝟰𝟭% of total investment expenditures on average
🔹 Significant institutions reported €𝟴.𝟭𝗺 in investment costs and €𝟮𝟬.𝟳𝗺 in recurring costs (2024). However, when adjusted for institutional size (using net banking income as a proxy), smaller institutions bear a proportionally higher regulatory burden, highlighting a structural disadvantage in meeting compliance requirements with limited resources.
🔹 Staff involved in regulatory matters: smaller institutions dedicate a larger share to regulatory roles (up to 21%) versus 12% for significant institutions. 👥
🔹 𝗔𝗻𝘁𝗶-𝗺𝗼𝗻𝗲𝘆 𝗹𝗮𝘂𝗻𝗱𝗲𝗿𝗶𝗻𝗴 and tax evasion, and 𝗠𝗶𝗙𝗜𝗗, are the top regulatory priorities, 𝗗𝗢𝗥𝗔 and 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗮𝗻𝗱 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 expenses emerged.

We were delighted to present the result of the survey during a dedicated 𝗔𝗕𝗕𝗟/𝗘𝗬 𝗲𝘃𝗲𝗻𝘁. Our warmest thanks to Sébastien de Brouwer from the European Banking Federation for his insightful contribution to this evening and to our panellists for sharing their forward-looking views on the regulatory priorities for 2026: Alexandra Merlino, Alexandre Depouhon, PhD, CQF and Etienne Ranchin.

Access the survey (ABBL members only) 🔐:
https://lnkd.in/ewRNngU9

Sandrine Roux | Vanessa Müller | Sébastien de Brouwer | Alexandra Merlino | Alexandre Depouhon, PhD, CQF | Etienne Ranchin

ABBL Luxembourg Banking Regulation Proportionality Compliance FinancialServices