Public Release: 

Luxembourg Stock Exchange and University of Luxembourg enter partnership on Fintech

University of Luxembourg

Representatives from the Interdisciplinary Centre for Security, Reliabity and Trust (SnT) and the Luxembourg Stock Exchange met at LuxSE headquarters in Luxembourg on 12 September 2017 to formally sign a Partnership Framework Agreement.

The aim of this research project is to devise techniques together with LuxSE to realize its vision of automated document classification, smart document routing and processing. The two partners will explore and develop new ways for harvesting information in documents and extract value-added intelligence from acquired data based on different artificial intelligence techniques.

Robert Scharfe, CEO of LuxSE, said: "We are excited about the FinTech R&D collaboration project with SnT and look forward to achieving implementable solutions through our joint efforts. This strategic cooperation truly pioneers a new type of partnership: a powerhouse blend of LuxSE's expertise with SnT's scientific know-how. The project is expected to generate substantial efficiency gains, ultimately improving customer experience and satisfaction."

Prof. Bjorn Ottersten, Director of SnT, said: "We expect that this collaborative research project will provide clear and tangible benefits for the Luxembourg Stock Exchange in various contexts: automated document classification, automated indexing, automated correction of manual inputs, among others. At the moment, there are no off-the-shelf solutions that provide automation in the specific context of LuxSE's operation. 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."

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