International Association of Lawyers to Hold FinTech Seminar in Luxembourg

International Association of Lawyers

The Union Internationale des Avocats (UIA – International Association of Lawyers), in collaboration with the Luxembourg Bar, is organising a Seminar about data protection in FinTech, Insurance, and Medical Services at the European Court of Justice in Luxembourg 30 September and 1 October 2016.

The event is being organised in collaboration with le Barreau de Luxembourg, Luxinnovation, the Chambre de Commerce, CNPD, ACA, ABBL, Business Club France Luxembourg and the Institut Universitaire International Luxembourg.

The Seminar is dedicated to: “Personal data protection within the financial, insurance and medical sectors : new regulation and perspectives”. The event will offer the opportunity to exchange views with professionals (Microsoft, IBM, GOOGLE, PAYPAL, AXA, SNAP SWAP, etc.), professors, members of the Ggovernment, regulatory authorities, magistrates, members of European Institutions and lawyers from around the world, about an engaging and topical subject.

The European draft regulation on Data protection aims to address the unprecedented challenges of the digital revolution. New information and communication technologies (internet, social networks, Smartphones, massive use of data with the Big Data, connected objects etc.) open an extraordinary range of possibilities for every economic sector. The Financial, insurance and medical sectors must adapt their roles to these major evolutions that tend towards simplicity, efficiency and speed.

The strength of FinTechs, companies using technological innovations in banking and financial sectors lies in Big Data, predictive analyses, risk management and mobility. This challenges the traditional activities of banks. The same applies to the insurance sector. The large scale of data usage allows insurance companies to charge an insurance product under new criteria and to propose to their insured new ranges of products. New technologies grant health professionals and patients with tools that provide for greater exchange of information. Innovative tools allow patients to have a better understanding, of their disease and treatment and the ability to analyze and follow their development but also raise data protection issues. Although different, these three services face common challenges when dealing with particularly sensitive data. It is therefore their responsibility to find a balance between the necessary adaptation to new technologies, the researching for competitiveness, improving their services and the necessity of protecting personal data under the current legislation.

Programme:

– Thursday 29 Sep @ 18:00 – 21:00: Welcome Cocktail @ Musée d’Histoire de la Ville de Luxembourg

– Friday 30 Sep @ 08:15 – 18:15: Seminar @ European Court of Justice, followed by optional Dinner-Spectacle at La Table de Belvedere @ 20:00

– Saturday 01 Oct @ 08:15 – 17:00: Seminar @ European Court of Justice, followed by optional visit to Esch-Belval

– Sunday 02 Oct 2016 @ 09:00 – 10:00: Visit to the Drai Eechelen Museum with Guy Arendt, Secretary of State for Culture.

the event will be held in English, French and German, with interpreattion services provided in those languages.

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