Du compte courant en ligne à la plateforme automatisée d'investissement

Abstract

Nowadays, technology and innovation are more and more present in our daily lives. With the increasing use of mobiles and e-commerce, we are experiencing a new digital revolution. The sector of the economy that is most affected by this advance is the financial sector, which has seen an unprecedented increase in the number of Fintechs during the past few years. It has never been easier to make banking or financial operations or transactions online and even directly on our smartphones. Whether it is making payments over the internet through payment services providers (PSP), or investing money through tools such as robo-advisors, these online platforms are now considered to be more efficient, faster and less costly than humans. Therefore, the following questions arise : Since they offer different but complementary services, why can’t we link these platforms to improve their respective businesses and make life easier for the customers ? How to invest in the financial markets through a robo-advisor the sleeping money of individuals, PSP users ? How do Paypal, the online payment pioneer, and Acorns, a well-known American robo-advisor, do business together ? To answer these questions, the study, based on a series of interviews with professionals from the sector in Luxembourg, focuses on the European classification of PSP into three types of licenses (payment institutions, electronic money institutions, credit institutions or bank). Considering the two first separated from the third in terms of strategy and by taking into account the conditions for obtaining the different licenses as set out in the law, it proposes various partnership insights for each of them, in accordance with the needs of any robo- advisor.