Leading corporate strategies of Luxembourg financial sector with FinTechs 2016

This statistic shows the answers to a survey question on the leading corporate strategies of the financial sector in Luxembourg with FinTechs in 2016. In 2016, approximately 14 percent of the senior executives in the Luxembourg financial and FinTech sector indicated they launched their own FinTech subsidiaries. Approximately 21 percent of the Luxembourg financial sector does not deal with FinTech. However, start-ups have another way of getting the capital they need. Of the Benelux countries, Luxembourg has the highest score when it comes to the availability of venture capital for start-up entrepreneurs.

How is the Luxembourg financial sector dealing with FinTechs?

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Release date

April 2016



Survey time period


Number of respondents

36 respondents

Age group

18 years and older

Special properties

senior FS and FinTech executives in Luxembourg

Method of interview


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.

The source does not provide information regarding multiple answering options.

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Statistics on "The financial sector in Luxembourg"

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