The signing ceremony took place at the third Paris fintech forum from 30 to 31 January where finance minister Pierre Gramegna was part of a fintech delegation, according to a government statement.

The agreement is expected to further strengthen the cooperation network between the two country’s agencies and facilitate synergies between Luxembourg and Belgian players.

“In recent years, Luxembourg has built its reputation in this area through joint initiatives, where the public and private sectors are joining forces,” Gramegna said.

On 30 January, Gramegna participated alongside ministers Bruno Le Maire, Johan von Overtveldt and Vilius Sapoka at a roundtable entitled “Future of Finance in Europe in the Fintech Age”.

He highlighted the important role played by Lhoft in the development of the Luxembourg ecosystem centered around the fintechs, which is based on a unique data center infrastructure in Europe.