Luxembourg is a universally recognized financial center and is
primed to position itself as one of the top global centers in the
sphere of digital financial services, as well as a hub for
financial technology underpinned by the combined efforts of the
financial industry, FinTech innovators, public research bodies and
There are three key requirements to ensure the sustainability of
our collective success and cement Luxembourg's position as a
leading financial center in Europe and beyond. Specifically, we
must enhance our ability to attract the brightest minds, anticipate
industry trends and act strategically and decisively. There is no
other financial center in the world where the distance between the
office of a bank's CEO, public research bodies, VC firms and
the vision of a FinTech entrepreneur is shorter than it is in
There is little doubt that the paradigm shift in the financial
industry would not be happening without help from labs and
incubators focused on FinTech; major financial centers around the
world such as New York, London, Hong Kong and Singapore each boast
a seemingly endless list of such spaces and initiatives. FinTech
incubators are hotspots of talent and ambition, and the development
of innovation ecosystems where banks, fund managers, entrepreneurs,
engineers and public research bodies work closely together on new
win-win solutions holds enormous promise. And that is why work is
underway to establish the Luxembourg House of Financial
The LHoFT will be a one-stop-shop for members of the vibrant
FinTech community, whether they are entrepreneurs keen to base
themselves in Luxembourg to conquer the European market,
innovation-hungry financial institutions, or investors. The LHoFT
will federate and connect FinTech actors and resources, strengthen
collaboration and focus on issues that are of direct relevance to
the Luxembourg financial industry, such as for example RegTech. The
LHoFT will also double as a powerful platform for identifying new
trends and business opportunities.
We thus encourage all those interested in being part of this
initiative to reach out to the LFF team to enquire about different
ways to get involved. Let us once again pool our strengths as we
have done many times in the last 25 years.
This article contains general information only, and none of
the Deloitte entities belonging to the Deloitte Network is, by
means of this article rendering accounting, business, financial,
investment or other professional advice or services. This article
is not a substitute for such professional advice or services, nor
should it be used as a basis for any decision or action that may
affect the reader's finances or business. Before making any
decision or taking any action that may affect the reader's
finances or business, the reader should consult a qualified
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The British High Commission in Mauritius organised Wednesday 25 January 2017, jointly with the Financial Services Promotion Agency and the Board of Investment, the first ever UK-Mauritius fintech conference.
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