“In 2023, Bil successfully completed the changeover of its core banking system, a project of unprecedented scale. This new system will create opportunities, with the ability to integrate the latest technologies. It will ease day-to-day operations and management of the bank. However, a good system is nothing without a clear vision and an efficient organisation in place. The new executive team will complete the successful roll out of our strategic plan Energise Create Together 2025 and define where the bank will go for the years to come.”
In the preamble to its 2023 annual report, Jing Li and , respectively the board chair and CEO of the Banque internationale à Luxembourg (Bil), highlighted the bank’s extraordinary year, marked in October by the switch to T24, the Temenos platform. This was no mean feat, given that the Luxembourg bank chose Temenos back in 2016, foreseeing the need for a solution designed for the cloud but also for artificial intelligence and blockchain.
“To provide a seamless experience to its clients, Bil is moving from an omnichannel approach to a deeper integration of its physical and digital services on its domestic market,” the bank writes in its annual report. “With its ‘phygital’ approach, the bank aims to meet its clients where they are, adapting to their preferences.”
Against this backdrop, CIO Olivier Ramlot was honoured by his peers at IT Nation’s 17th Golden-i gala, attended by digitalisation minister (DP). The new CIO of the Year succeeds .
“In addition to the crypto-currencies that are creating a buzz, blockchain--which combines the advantages of security and transparency--has huge development potential for cross-border payments and transactions involving digital and traditional assets,” Ramlot told Delano’s sister publication Paperjam earlier this year during a 10x6 event. “Finally, quantum computing, which is much more powerful than traditional computers, will enable more complex problems to be solved more quickly. This is an advantage for risk modelling, fraud detection and portfolio optimisation.”
The evening’s other prizes
Cloud Tech Innovator of the Year: FundsDLT
Cloud Innovation Project of the Year: LuxID from Post Luxembourg
Flagship Award: Tadaweb
Startup Award: Cyberr
This article in Paperjam. It has been translated and edited for Delano.