In 2020 Arendt Business Advisory, with the support of the ABBL,
conducted an in-depth study into the relationship between FinTechs
and Banks in Luxembourg.
The rocky relationship between FinTechs and Banks - what are
the challenges?
Introduction
The world of FinTechs in Luxembourg has seen robust development
over the last few years. Since the discovery of the
"FinTech" concept by the public at large and the first
inventory of the market carried out by Luxembourg for Finance (LFF)
in 2015, Luxembourg has gradually become home to more than
200 FinTechs (including RegTechs, InsureTechs, firms
adopting distributed ledger technology - DLT, and the ones related
to crypto assets), which now form what can be called an
ecosystem.
