Leading corporate strategies of Luxembourg financial sector with FinTechs 2016

How is the Luxembourg financial sector dealing with FinTechs?

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Source

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Release date

April 2016

Region

Luxembourg

Survey time period

2016

Number of respondents

36 respondents

Age group

18 years and older

Special properties

senior FS and FinTech executives in Luxembourg

Method of interview

Questionnaire

Supplementary notes

Fintech, or Financial Technology, is a collective term for businesses which try to reinvent financial services with a product or service built on technology. The term is usually applied to start-ups with activities in particular branches such as blockchain, robots and automated systems, mobile payments, money transfers, (micro)loans, fundraising, or asset management. Spanish bank Santander estimated in 2015 that blockchain technology, for example, could reduce banks' infrastructure costs by between 15 to 20 billion dollars per year.

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