In January 2015, a Conference wholly dedicated to Fintech companies was held in Luxembourg. The term “Fintech”, a contraction of “Financial” and “Technology”, has long aroused concern and distrust from Luxembourg financial players.
However, the Luxembourg market has now been made aware of the undeniable importance of these start-ups specialized in financial technology, which have already created over ten thousand jobs in the country (11% of total jobs in Luxembourg).
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By Nazim Faid & Olivier Hance