LATTICE80 CEO Joe Seunghyun Cho signed the memorandum of understanding with LHoFT CEO Nasir Zubairi on 28 June.
Luxembourg House of Fintech signs MoU with Singapore hub
The Luxembourg House of Financial Technology (LHoFT) signed a memorandum of understanding (MoU) on 28 June with the world’s largest fintech hub, LATTICE80, based in Singapore.
LHoFT (featured in the cover story of the June 2017 print edition of Delano) launched in April and is a public-private initiative, a place for its community to meet and collaborate.
“We are really happy to cement this bridge to and work with LATTICE80,” Nasir Zubairi, LHoFT CEO said in a press release. “We want to help LATTICE80 and their members in whatever way we can to achieve our mutual goal of facilitating digital transformation within the financial sector.”
As for LATTICE80, the hub sees the partnership as a way to “[extend] our reach to teams in Luxembourg who may want to expand to Asia using LATTICE80 as a point of entry”, as well as offering a gateway to Europe for startups in Singapore, its CEO, Joe Seunghyun Cho, stated.
The MoU lays out cooperation in areas such as information exchange, including connectivity to networks and contacts for new partnerships, to stimulate new innovation in fintech.
The signing took place at Money 2020, the world’s largest event in financial services & payments innovation, which took place 26-28 June in Copenhagen. The next edition takes place in Las Vegas, where more than 11,000 participants are expected from over 4,5000 companies in 85 countries.