As the answers suggest, part of this reluctance may be due to a perceived lack of benefits: Luxembourg residents just don’t understand (yet) how Open Banking could be useful to them. This may also relate to the fact that the new Luxembourg law implementing the EU’s revised payment services directive from 2015 (or PSD2) was only enacted about two years ago[i], which could help explain why the adoption of Open Banking services has not taken off yet: most Luxembourg residents may simply not be familiar with the concept, having had relatively little opportunity so far to experiment with it. Respondents in some other countries are far more enthusiastic as they see how such services can allow them to, for instance, quickly track their financial situation and move assets around.
In the answers of Luxembourg’s residents to the second set of questions, a similar scepticism is on display. This time though, it may be a sign that the country has already found satisfactory authentication solutions.