The first Digital Finance Forum Liechtenstein will launch this month. It is part of the popular Finance Forum Liechtenstein and offers a platform to discuss digital innovation within the domestic financial industry.

The Digital Finance Forum Liechtenstein will take place on Thursday, 12th December, from 13:30 to 17:30 in Vaduz. The goal is to bring together industry experts, entrepreneurs, business leaders, academics, and politicians to discuss how digital technology will change the financial industry.

The event is part of the Finance Forum Liechtenstein, a platform for discussion and exchange. It has already taken place five times, hosting more than 600 senior-level decision-makers from Switzerland, Austria, Germany, and Liechtenstein.

Lichtenstein is a financial hub in the heart of Europe and closely connected to nearby Zurich, Switzerland’s financial capital. Thus, the conference participants will discuss industry 4.0 trends affecting the financial services industries in the entire German-speaking area.

Prominent speakers from tech and finance

Prime Minister Adrian Hasler will kick-off the event, followed by Christian Keller, Managing Director of IBM Switzerland. Keller will speak on the topics blockchain, big data, and Artificial Intelligence, discussing opportunities and challenges for financial service providers.

Following Keller, Mike Dragan, Managing Director of Global IT at Swiss financial services giant UBS, will speak about UBS’ digital transformation and how the bank manages to stay innovative.

Dragan’s speech could be particularly interesting, considering that UBS has just recently announced to tokenize securities of a wide range of asset classes. UBS has also started to provide blockchain-based trade finance solutions through we-trades’ blockchain-platform two months ago.

After Dragan, there will be an on-stage discussion about Liechtenstein’s Blockchain Act and digital innovation in Liechtenstein’s financial industry. Participants of the debate are journalist Reto Lipp, Marion Vogel (Aeternity Crypto Foundation), Mathias Ruch (CV VC), Mauro Casellini (Bitcoin Suisse), and Thomas Dünser (Liechtenstein Office for Financial Center Innovation).

Companies present their innovations during breakout sessions

Following the speeches, there will be two “Breakout-Sessions” where businesses will present examples of digital best-practices within 45-minute workshops. The participating companies are:

FRED Financial Data AG & Multi Support: FRED is a financial services provider for wealth and asset managers. The company automates back-office processes to reduce operating costs while simultaneously improving operational efficiency. Multi-Support helps companies run better by optimizing business processes and workflows. Both companies will offer insights during a joint session.

REFINITIV: Refinititv’s breakout session will feature a round-table providing insights into the company’s wealth management solution, which spans from client onboarding to reporting.

21.finance: 21.finance will present its area2Invest platform for institutional investors. It aims at making investments more simple, flexible, and efficient. The team of 21.finance will present a case study with a real product to showcase how investors can benefit from digital technologies.

Office for Financial Center Innovation: The Liechtenstein government actively supports the competitiveness of its domestic financial services industry. The most recent example is the introduction of the Blockchain Act, which will come into force in January 2020. To facilitate the build-up of digital infrastructure, the government has launched the Office for Financial Center Innovation. During the workshop, Managing Director Thomas Dünser will explain the potential of the Blockchain Act for Liechtenstein’s financial services industry and present the government’s strategy on the further strengthening of innovative Fintech ideas in Liechtenstein.