POST, FundsDLT Rewarded at Luxembourg Cloud Awards 2024

Cloud Community Europe - Luxembourg has announced the winners of the Luxembourg Cloud Awards 2024.

The award ceremony took place during the "Golden-i" Gala at PwC's Crystal Park Building in Luxembourg-Gasperich on Thursday 16 May 2024.

Aimed at cloud service providers, consultants and cloud startups, as well as their customers and innovators from all sectors, the Luxembourg Cloud Awards aim to reward the creativity, originality and flexibility of offers of services, transformation and migration approaches to the cloud, but also the overall quality and completeness of the applications submitted.

The competition concerns cloud services offered on the Luxembourg market, whatever their form. Applications are open for companies active in the fields of Infrastructure as a Service (IaaS), Platform as a Service (PaaS) or Software as a Service (SaaS) services - whether these services are aimed at horizontal or vertical markets, whether they use a public, private or hybrid cloud environment or whether the proposed innovative solution comes from established cloud service providers, startups or end customers. The organisers added that the latter are also invited to apply, as they have successfully integrated cloud services into their business and achieved a positive business impact through the introduction of these cloud services.

Cloud Innovation Project of the Year

In the "Cloud Innovation Project" category, the award aims to recognise excellence and innovation in the field of cloud-based "solutions as a service". The winning project must integrate a cloud solution that has transformed business agility. Achievements may relate to the optimisation of the cost structure of technological investment, to agility and flexibility in terms of scale and/or production time of an IT project or to the complexity resolved and maturity acquired in best practices, including availability and security. There is also a focus on the go-to-market stage and functionality offered through cloud resources. The services provided must also meet data security and privacy requirements with respect to customer data sensitivity and compliance.

This year's prize went to POST Luxembourg for the "LuxID - Einfach, sécher, iwwerall" digital identity platform. The jury commented: "LuxID, an innovative collaborative project, redefines digital identity in Luxembourg and the Greater Region by prioritising user privacy and security. Its holistic approach harmonises user experience, privacy and security, setting a new standard. Chosen for its transformative impact, regulatory compliance and user empowerment, LuxID stands out for its integration of these crucial aspects, making it a top winner for the Cloud Innovation Project of the Year award."

The other finalist in this category was Gcore with its project "Global AI Inference at the Edge Cloud, which accelerates data processing and reduces AI model output".

Cloud Tech Innovator of the Year

In the "Cloud Tech Innovator" category, the award recognises the creativity of a new product or solution that has been developed using the power of cloud resources. The competition is open to cloud-native startups (under five years old) in two contexts: a cloud user transforming cloud resources into an innovative product or solution or a technology startup that offers new advanced cloud features. The award is also open to concepts, pilot projects, initiatives, etc. that are not yet in production.

The prize went to FundsDLT for the "Cloud-based Distributed Ledger Platform for Funds Industry" project. The jury said this award highlighted the "global success" of the winner. The jury "appreciated how the platform has demonstrated remarkable mastery of cloud technologies since its inception, leveraging blockchain and decentralised networks to revolutionise the distribution of funds. Their cooperative ecosystem and secure automation set new standards, making FundsDLT a pioneer in cloud technology innovation for the financial industry."

The other two finalists in this category were: Ignisign with the "Your Trusted Partner for Legally Binding Seamless Electronic Signatures" project; Fundvis with its no-code automation platform for AIF servicing.

All applications were evaluated by a jury composed of independent experts from different areas of expertise. The jury was composed as follows: Céline Schmitt-Arnould, Business Developer at WIDE; Ananda Kautz, Head of Innovation, Digital Banking & Payments at ABBL; Patrick Houtsch, Director of the Government IT Centre (CTIE); Philippe Linster, CEO of House of Startups; Gilles Fuchs, DG Industries, Innovation and New Technologies at Luxembourg's Ministry of the Economy; Gaston Schmit, Senior Government Advisor at Luxembourg's Ministry for Digitalisation; Yves Le Traon, Director of the SnT at the University of Luxembourg; Francesco Ferrero, Director, IT for Innovative Services Department at LIST; Pascal Bouvry, Professor at the University of Luxembourg, Board Member at LuxProvide; Nicolas Sanitas, Senior Advisor and Digital Community Coordinator at L-DIH, Luxinnovation; Yves Elomo, Technical Managing Director at Divizend Luxembourg; Sakthivel Sundharam, Programme and Innovation Manager at the Luxembourg National Research Fund (FNR).