Three not-for-profit Luxembourg outfits have signed memorandums of understanding in order, they said, “to develop research and collaborate on projects within the field of fintech for the benefit of Luxembourg’s financial services community”.
“researchers from both SnT and FDEF will be granted access to the LHoFT facility at the recently inaugurated House of Startups (HoST). They will interact and work with the LHoFT team as well as the growing number of fintech firms in residence at the facility and the broader ecosystem, including financial institutions that are regularly making use of the Hot Desks at Luxembourg’s dedicated Fintech innovation hub.”
Lhoft is a government-backed body that promotes Luxembourg’s fintech industry. The SnT conducts research into blockchain, artificial intelligence and natural language processing technologies that can be used by fintech firms. The FDEF is currently studying the legal and regulatory impact of fintech applications.