Digital Digest: The Latest Tech News - Avaloq, Schroders, Others

Editorial Staff

25 May 2018

Avaloq
Avaloq’s banking suite has been adopted by Deutsche Bank Luxembourg. The move means the bank can migrate to a new, single cash ledger for a variety of businesses.

Deutsche Bank Luxembourg and affiliates of Deutsche Bank in Luxembourg decided to operate from one cash ledger for all of its businesses offering consistency and efficiency gains. Relevant banking divisions and entities active in the Grand Duchy migrated from its legacy core banking system in one move to the has launched MoneyLens, a new website aimed at helping millennials, those born in the 1980s and 1990s, to engage more with their finances and learn how to manage their money.

The firm said that according research from its global investor study, around 94 per cent of Millennials, said that they wanted to improve their investment knowledge compared to 85 per cent for older generations.

This new website is looking to reach out Millennial age group, who are looking to know where to start when it comes to investing.