Luxembourg unveils ‘FinTech map’
Written by Anthony Strzalek
The Luxembourg Bankers’ Association (ABBL) has released a FinTech map of Luxembourg in an effort to help interested parties better understand the country’s growing FinTech ecosystem.
This initiative is aimed at mapping and classifying various FinTech firms, software vendors and IT solution providers for the financial services sector of Luxembourg.
In addition to the directory of FinTech firms and software vendors, the map also outlines and categorises major stakeholders and supporters of Luxembourg’s FinTech ecosystem in the following areas:
• Public policy
• Promotion of professional interests
• Education and training
• Support and funding for startups and established firms
• Research and development
• Organisation of events
Andrey Martovoy, FinTech adviser at the ABBL, said: “This online directory results from the explicit demand coming from ABBL members. It provides basic information about FinTech firms legally present and commercially active in Luxembourg regardless of their ownership type, size, age and other criteria. Moreover, the scope of the database goes beyond that.”
Marc Hemmerling, general counsel of digital banking, FinTech and payments at ABBL, added: “We believe that the FinTech map will facilitate a higher degree of interactions among all actors dealing with FinTech and technological innovation in financial services in Luxembourg and will contribute to the attractiveness of the Luxembourg’s FinTech ecosystem in Europe and globally.”