Financial Crime World

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Luxembourg Banks Get Boost with Efficient CEDR Compliance Solution

In response to the CSSF’s Circular 20/747, Luxembourg-based banks are facing a new challenge: ensuring efficient compliance with the Central Electronic Data Retrieval System (CEDR). But one solution stands out as a trusted partner for financial institutions in the region - LUXHUB.

What’s Required?

The CSSF has imposed an API-based approach for CEDR, requiring direct and immediate access to customer data, beneficial owners, bank accounts, payment accounts, and safe-deposit boxes. LUXHUB’s solution meets these requirements head-on with its established API Gateway and Service Desk.

Discover the Benefits of Our Solution

With LUXHUB’s CEDR API, banks can enjoy:

  • Rapid onboarding
  • Secure file transfer
  • Easy file creation
  • Seamless processing
  • Mutualized costs
  • Market-leading resources for maximum efficiency

Why Choose Our Solution?

Built upon the success of our PSD2/XS2A compliance product, LUXHUB’s CEDR API offers:

  • A proven infrastructure
  • Trusted partnerships with multiple institutions
  • The ability to comply with tight deadlines
  • A unique competitive advantage in the financial ecosystem

Infographic: Introducing LUXHUB’s CEDR API

LUXHUB’s CEDR API provides financial institutions with a simple and secure compliance solution for CSSF Circular 20/747 and Luxembourg’s IBAN Register. Discover more about our solution below.

Blog: Agility, Collaboration Key to Banking Compliance

Developing LUXHUB’s turnkey CEDR solution required agility and collaboration - key characteristics that enabled us to quickly redirect resources when the CSSF published Circular 20/747.

Press Release: CEDR API Supports Luxembourg’s Credit and Payment Institutions

In accordance with the CSSF Circular 20/747, credit institutions are required to put in place a secure system for accessing payment and bank accounts identified by IBAN. LUXHUB’s CEDR API supports these efforts.

Blog: Luxembourg Financial Supervisor Turns to APIs for AML Reporting

The Commission de Surveillance du Secteur Financier (CSSF) has imposed the use of application programming interfaces (APIs) for AML reporting, marking a significant shift towards real-time supervision. LUXHUB’s CEDR API is designed to meet these new requirements.

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