The digitalisation of our society is progressing steadily. We are in the midst of a far-reaching transformation process that is breaking up the traditional value chain and fundamentally changing our accustomed business models. This is of course a challenge. At the same time, however, the LBA and our member banks primarily see the great potential of digitalisation.

All Liechtenstein banks have been dealing intensively with progressing digitalisation for quite some time, and several banks are investing heavily in this area. The benefit for clients is twofold. At the front end, clients receive tailor-made services. At the back end, the internal processes are optimised, resulting in lower costs for these services. 

Not only the banks, but also the Government and the Financial Market Authority (FMA) recognised the potential of digitalisation at an early stage, as demonstrated by two supporting initiatives. The FMA’s Regulatory Laboratory is the first point of contact for fintech companies on regulatory, licensing, and supervisory issues. This promotes innovation without weakening client protection. With the Innovation Clubs, the Government is providing a state-accompanied innovation process for start-up companies wishing to establish their new business ideas in Liechtenstein.

The Liechtenstein Bankers Association has set itself the goal of advancing digitalization in the banking sector and strengthening the industry's innovative power. The focus is on creating a modern, secure and customer-oriented financial system. The association supports its members in using technological developments to create more efficient processes and digital business models and improve the customer experience.

It also focuses on cooperation with Fintech, compliance with data protection and security standards and the continuous training of employees in order to meet the challenges and opportunities of digital transformation.

• As an industry association, the LBA orchestrates a cross-institutional opinion-forming process on digital topics and their impact on the financial center.
• The LBA represents the developed positions externally and consolidates the strategic positioning of the financial center.
• The LBA uses various formats to help ensure that bank employees receive ongoing training and qualifications to meet the challenges of digital transformation with digital knowledge. Technology trends are made understandable to recognize connections beyond one's own area.

Links

Liechtenstein

digihub - the platform for digital innovation and sustainable business models

Fintech in Liechtenstein -Overview of the Financial Market Authority Liechtenstein (FMA)

Impuls-Liechtenstein - Governmental facilitation platform for Innovation and Start-ups

Digital Liechtenstein (only available in German)

Newspage of the «Vaduzer Medienhaus» ligital.li (only available in German)

Association Cyber Security Liechtenstein

Blockchain Banking at Bank Frick

Europe

EU Commission Strategy on the Digital Single Market

European Blockchain Partnership (EBP)

EU Plans on Blockchain Tehcnology (#EUBlockchain)

EU Blockchain Observatory & Forum

Tokenise Europe 2025

Education / Continuing Training

Center for Innovative Finance of the University of Basel

Certificate course «Blockchain in Finance» of the University Liechtenstein

CAS Digital Leadership & Transformation of the University St. Gallen

Other relevant Links

NZZ article on the Liechtenstein «Blockchain Act» (only available in German)

Liechtensteiner Vaterland - Interview with Adrian Hasler on the «Blockchain Act» (only available in German)

Blockchain-Glossary - Blockchain Training Alliance

Financial Services at the crossroads of digital transformation - Forbes insight