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Luxembourg Stock Exchange Partners up with SnT

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Published on Wednesday, 13 September 2017

It’s official: representatives from the Interdisciplinary Centre for Security, Reliability 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.

Led by Dr. Jacques Klein of the Security Design and Validation Research Group (SerVal), SnT researchers are looking to streamline the process by which companies can apply to be listed by LuxSE. Right now, companies who want to be listed have to send several informative documents, including prospectus, financial statements, etc. A team of experts reviews these documents and manually extracts specific information to fill in standardized forms. This file is then sent for approval to a regulatory authority. Only then, with their approval, can LuxSE list the business. This project will develop tools and approaches to automatically identify the types of documents received, extract pertinent information, and then plug it into the respective forms.

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.”

FinTech has been gaining a lot of momentum at SnT. From creating a FinTech chair together with PayPal, to working on Know Your Customer (KYC) solutions with ABBL and now collaborating with the Luxembourg Stock Exchange. Stay tuned for the latest FinTech developments!










Photos: ©LuxSE