ICT Spring 2019: FinTech Summit

On May 21st & 22nd, a new edition of ICT Spring brought together more than 150 experts who shared their knowledge and discussed the latest FinTech and Digital trends. ICT Spring, a two-day event created in 2007 aims at facilitating the meeting of minds, encouraging emulation and networking with industry leaders, took place at the European Convention Center Luxembourg, at the very heart of Europe. More than 5,000 professionals attended this two-day conference, during which the latest FinTech topics were discussed. FinTech experts discussed trendy topics such as sustainable finance, the future of FinTech, collaboration between startups and incumbents, and much more.

Beyond the 360 approach: the future of Fintech
On May 21st, on the first morning of ICT Spring, international experts discussed the latest Fintech trends during a session entitled “Behind the 360 approach”. They notably exchanged around the topics of Artificial Intelligence and new business models, in a session moderated by Pascal Denis, Partner & Head of Advisory, at KPMG Luxembourg.

Jean Hilger, CIO of BCEE and member of ICT Spring board officially opened the 10th edition of ICT Spring: “This event is an incredible success story. For instance, when you travel to China, people know Luxembourg for its steel industry, finance, but also for ICT Spring”.
He then welcomed Pascal Denis (Partner & Head of Advisory, KPMG Luxembourg) who acted as Master of ceremony: “We are looking at a holistic point of view of Fintech, which raises a wide range of concerns and questions”. He then asked a couple of questions to the audience: which Fintech do I need to partner with? Which funding models should I favor? How to protect against cyberrisk? Pascal Denis also announced the official launch of the KPMG Lighthouse, which aims at anticipating the future and unlocking it with data-driven tech. “It’s KPMG’s new approach to solve client issues with technology,” he added before introducing the next speaker.

Maurice op het Veld (Partner, KPMG Netherlands) gave a presentation entitled “In AI we trust?”, insisting on the question mark. “AI is everywhere: at work, in our lives, also in our social lives,” he started, before sharing a concrete example on the use of AI and analytics to predict cycling results, before even starting the race. He then explained that the trust and transparency factors were crucial when it comes to AI, from customer experience, to reputation and the brand. The expert then summarized two of the latest publications of the European Commission and CSSF, dealing with ethics in AI. “It comes down to the quality of the algorithm, its effectiveness, its integrity and also its resilience. First, you need to understand what kind of AI you already have in the organization, and then map it. Ethical discussions are also key: what about corporate values and compliance?” he concluded.

Read the whole press release on www.ictspring.com/info/news