LHoFT to Collaborate with Copenhagen Fintech for Innovation in Wealth Management, Insurance Industry

The Luxembourg House of Financial Technologies (LHoFT) has announced its collaboration with Copenhagen Fintech (CPH FINTECH).

The LHoFT and (CPH FINTECH) have signed a Memorandum of Understanding (MoU) in order to foster innovation in the Wealth Management and Insurance
industry. The two leading EU fintech hubs will collaborate on a number of initiatives to benefit from each other's ecosystems.

Copenhagen FinTech, the pre-eminent Fintech hub in the Nordics, has fostered a number of top-tier fintech firms in Wealth Management and Insurtech such as Matter Pension, Grandhood, Nord Investments, Anyware Solutions, Undo and many others. Meanwhile, Luxembourg is the leading private banking centre in the EU and is positioned to become the leading finance centre in the EU post Brexit. The LHoFT’s partners, major banks and insurance companies in Luxembourg, are keen to access new innovations and to work with Fintech firms that can help them with their challenges and to address new opportunities.

The first step of the collaboration between the two hubs will be to
organise cross-centre delegations to present each other's ecosystems to one another and facilitate meetings between innovators and financial actors.

Nasir Zubairi, CEO of the LHoFT commented: “Fintech innovation in Denmark is very impressive. Luxembourg has developed incredibly quickly in terms of its own capabilities but also in terms of the demands of the traditional industry for new innovation, that needs to be met on a global scale, not just local. We are therefore very excited to be able to work with Copenhagen Fintech to enable mutual value for our ecosystems.”

The two hubs are also working extensively with the other European hubs within the "Talent Route initiative", which aims at promoting the EU Fintech ecosystem.