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01/02/2021 - 9:23am
Luxembourg’s economic stability and the expertise available in its specialised eco-system continues to attract global financial firms, amidst the Covid-19 pandemic, with 82 new entities being licensed to operate by the country’s two financial regulators during 2020.
The Grand Duchy saw licences granted to five new banks, 11 new Management Companies, four new investment firms, four reinsurers and others such as support PFS and specialised PFS institutions, payment institutions and e-money institutions. Luxembourg continues to be particularly attractive for alternative investment fund managers (AIFMs) with 18 new AIFMs and 31 new “light” AIFMs licenced in the year.
Nicolas Mackel, CEO of Luxembourg for Finance, says: “The past year has been unlike any other in recent history. The financial industry managed to switch within a matter of days to remote working. More importantly, it proved resilient. This is certainly in large part due to the
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Legislation in Luxembourg for Blockchain based Tokenization Is Progressive and Supported by Fintech Sector, Tokeny Solutions CEO Says
The
Luxembourg House of Financial Technology (LHoFT), an organization focused on driving innovation for financial services in Luxembourg by connecting the local and global Fintech industry participants, recently shared an update from
Luc Falempin, the CEO at
Tokeny Solutions, a company that aims to drive liquidity for private markets.
The Future of Capital Markets Luxembourg has been an extremely fertile ground for us to develop our services. The legislation around tokenisation is very forward thinking and the Fintech community here is super innovative. – @LucFalempin
IDEMIA Awarded in AFI s 2020 Inclusive Fintech Showcase
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201215005528/en/
(Photo: Business Wire)
IDEMIA has been awarded second place in the 2020 AFI Inclusive Fintech Showcase for its digital identity solution for disadvantaged groups. The company was one of 12 finalists in the showcase, which recognizes innovative solutions that are helping to address the fallout from the COVID-19 pandemic and beyond.
In a virtual presentation to AFI s final jury, Ali Akbar, Director of Business Intelligence for IDEMIA s Digital Business Unit highlighted how IDEMIA s Digital Identity Platform can be leveraged by FinTechs and regulators to provide identity verification methods to the underserved enabling them to easily and securely register their identities and thus access basic services. In the COVID-19 context, this can enable the swift roll out of financial aid to the most vulnerable a