search

Financial services represent the largest sector of Luxembourg’s economy. Fintech is one of the strategic research priorities of the university’s Interdisciplinary Centre for Security, Reliability and Trust (SnT), which will host the Finnovation Hub.

Technologies for digital transformation

SnT has a long track record of leveraging advanced technologies, such as artificial intelligence, machine learning, natural language processing, data analytics and distributed-ledger technologies, to enhance competition in the financial sector. These technologies also tackle challenges related to cybersecurity, regulatory compliance and fraud detection. The Finnovation Hub will analyse the needs related to advancing the digital transformation of financial institutions in Luxembourg, and then develop technologies that will help the sector address the challenges identified.

The Finnovation Hub fuels research activities aimed at solving challenges in the financial services sector and will facilitate the transfer of innovative technology.

The Hub is created with the support of the Ministry of Finance. “Emerging technologies, including artificial intelligence, distributed ledger technology such as blockchain and quantum computing, bring new opportunities, as well as new challenges for the financial sector,” said Minister of Finance Yuriko Backes when signing the partnership agreement with the university. “The Finnovation Hub, supported by the Ministry of Finance, fuels research activities aimed at solving challenges in the financial services sector and will facilitate the transfer of innovative technology to both the public and private sector.”

Research for a stronger economy

Research and innovation are an essential part of the government’s vision for Luxembourg’s future. “The Finnovation Hub is a prime example of how research can be engaged in the service of an entire economic sector in order to adapt an already efficient system to rapidly changing conditions. Thus not only ensure competitiveness, but also expand it,” said Claude Meisch, Minister for Research and Higher Education.

The initiative will also further enhance the digital transformation of the economy. “It sits at the crossroads of digitalisation and the future development of the financial industry,” said university rector Stéphane Pallange. “Both topics are of crucial importance to Luxembourg, and are also core focus points of the University’s strategic priorities going forward.”

Read more

$21 million for carbon negative construction

25-05-2022

LEKO LAB's $21-million Series A funding is one of the most substantial capital raises in the sustainable building sector in Europe. CEO Remo Gerber speaks about how the company will impact the construction sector in the years to come.
Read more

The best time to invest

23-05-2022

A dynamic start-up hub requires entrepreneurs with great ideas – and investors willing to provide the means for these ideas to become a reality. A growing number of venture capitalists and business angels in Luxembourg are active on the local market and investing in promising start-ups that have the potential to make it big time in the future.
Read more

A start-up ecosystem for acceleration and growth

20-05-2022

With a fast-growing entrepreneurial community, Luxembourg is a rising star on the global start-up scene. Strategic investments in a favourable environment as well as a dynamic and open-minded business sector attract promising young companies from near and far.
Read more

Daher and LIST to develop welding technology for aircraft substructure assembly

19-05-2022

The French multinational Daher has established a large partnership with the Luxembourg Institute of Science and Technology (LIST) aimed at maturing and optimising a welding technology that enables the assembly of primary aircraft substructures produced with thermoplastic composites.
Read more

Luxembourg – Portugal: Strengthening start-up relationships

12-05-2022

The Portuguese and Luxembourg start-up ecosystems were in the spotlight on 11 May 2022 at an event organised in the context of the currently ongoing Luxembourg state visit to Portugal. As well as highlighting the strengths of both ecosystems, the event provided an opportunity to deepen cooperation links.
Read more

Resources all news

Fermer