Luxembourg's Stock Exchange and University enter fintech partnership
The collaborative research project will explore and develop new ways to automate some of Luxembourg's Stock Exchange's operations, including document classification and indexing.
The Luxembourg Stock Exchange(LuxSE) and the Interdisciplinary Centre for Security, Reliability and Trust (SnT) will work together on a fintech research project.
Representatives from the two institutions met earlier this week to formally sign the partnership framework agreement and announced they would develop new ways for harvesting information in documents and extract value-added intelligence from acquired data based on different artificial intelligence techniques.
The aim of the collaborative research project is to devise tailor-made techniques and solutions for LuxSE's automated document classification, smart document routing and processing activities.
Robert Scharfe, CEO of LuxSE, said in a statement that working with SnT was "a strategic cooperation" and "a new type of partnership", "a powerhouse blend" that would combine the expertise available at the stock exchange with SnT's scientific know-how.
The SnT Director Prof. Bjorn Ottersten, also explained that the collaborative research project would provide "clear and tangible benefits" for the Luxembourg Stock Exchange, primarily in automated document classification, indexing, and automated correction of manual inputs, for which the stock exchange doesn't have "off-the-shelf solutions".
"We are therefore excited to work together to address research and business challenges with a focused R&D approach. This requires research-oriented investigations, context adaptation and prototyping," Ottersten said in the statement.
About LuxSE
LuxSE is the world’s number one exchange for the listing of international securities. It lists 36.000 securities, including 26,000 bonds, from 3,000 issuers in 100 countries. It offers a unique full service throughout listing, trading and reporting.
About SnT
The Interdisciplinary Centre for Security, Reliability and Trust (SnT) is part of the University of Luxembourg. It focuses on research in information and communication technology that creates socio-economic impact.
SnT has previously engaged in demand driven collaborative projects with the business and public sectors, including creating a fintech chair with PayPal and working on Know Your Customers (KYC) solutions with the Luxembourg Bankers' Association (ABBL).
(Roxana Mironescu, roxana.mironescu@wort.lu, +352 49 93 748)
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