With the rise of Artificial Intelligence in the Fund Industry, what does the wealth management of the future look like? This is the burning question that has been addressed to the 16 students of the Luxembourg Tech School gathered this weekend for the LTS Hackathon hosted by PwC Luxembourg and supported by the LHoFT, ALFI, Digital Lëtzebuerg, FundRock, and BlackRock.
Starting March 23 in the evening, the 16 future digital leaders have ‘hacked’ during 2 full days their concept. They have been supported by Sergio Coronado, chief coach of the LTS, and a range of mentors from the financial industry passing on knowledge, providing advice and feedback such as Geoff Radcliffe (Black Rock), Chris Edge (PwC), Ronen Tzur (Quantify), Revel Wood (FundRock), Susan Coleman (PwC), Laurent Denayer (UME), Diane Tea, Alina Golovkova (Allen & Overy), Olivier Zwick (Clifford Chance), and so on.
Demonstrating creativity, vision and agility, the students pitched Sunday afternoon showcasing what is their Financial Game of Life in front of a jury of experts with Chris Edge (PwC), Oliver Weber (PwC), Nasir Zubairi (LHoFT), Noel Fessey (EFA) and Cristina Ferreira (State Street). The jury highlighted the high quality of the solutions and the incredible ability of this young generation, future customers of and potentially leaders in financial services, to adapt.
This new edition of the LTS Hackathon was as brilliant and full of energy as last year. The 1rst winning team will be disclosed at the ALFI Conference in London on the 3rd of May. Stay tuned for more information!
Dr. Sergio Coronado, chief coach of the LTS commented: ‘The students continue to surprise us with their ideas and capacity to create concrete solutions in record time! Robotics and AI is developing fast and we have the responsibility to provide, this coming generations, with the necessary tools to develop these technologies for good. Our students demonstrated, in this event, that they are ready to drive their future, our future for good.’
Chris Edge, Managing Director PwC, added: ‘We are delighted at PwC to create and support this bridge between the incredible creativeness, energy and free thinking of digital educated students, and today’s business world, so we develop tomorrow’s influencers, disrupters and enablers. The energy, enthusiasm, desire to learn we saw this weekend is inspiring to watch. These students have busy lives and exams to worry about, yet they sacrifice their time to learn … they learn by doing, by trying, by experimenting, by failing … getting up and trying again. I admire them.’
Alex Panican, Head of partnerships & ecosystem at the LHoFT, added: ‘We are very happy to support such a brilliant initiative. The projects we saw this weekend were great and we were particularly impressed by the students’ technical aptitudes on AI, their drive and their capacity to transform, under 54 hours, an idea into a working prototype. Big thumbs up to the Luxembourg Tech School team, Sergio and his coaches are the shapers of the future digital leaders. Thank you to the PwC Luxembourg that has been an amazing host, providing us with the best venue, food and technology the whole weekend. And a warm thank you to all the mentors who gave their time and provided priceless guidance to the teams.’
Anouk Agnes, Deputy General Director at ALFI, concluded: ‘All five teams proved to have a good understanding of the challenges that the financial industry faces today and tackled important themes like investor education, savings or taking care of one’s own financial well-being. The students’ ideas are fresh, ingenious and likely to speak to the next generation of investors. ALFI is pleased to offer them the possibility to pitch their projects in London in marge of one of ALFI’s biggest annual events, the ALFI London conference, taking place on 2 and 3 May at the Central Hall Westminster.’
About the 5 LTS Teams and Projects
What is your Financial life map?
A financial education and fun game based on mobile app to test out life scenarios for making smarter decision later on. This solution lets young adult experience situations in safe environment.
- Trusted advisor
How do you choose the right insurance for you?
A robot advisor for the insurance industry: it assesses clients’ risk profile based on demographics and financial information. Powered by machine learning, personalized and UX-inspired.
- Road to the million
A mobile-based AI game advisor helping young adults to make financial decisions and control financial expenditures powered by Big Data prediction.
- Save to win
How to make saving fun, enjoyable and friction less?
A responsible AI Chatbot hosted by a messaging app providing an interactive multi-story adventure game.
What is your financial knowledge about life?
FinMan (or ‘Financial Manager’) is a financial board game, built up to entertain and improve the Financial knowledge of young people between 12 and 25 years.