Luxembourg’s minister of finance, Pierre Gramegna, is confident of his country’s ability to stay ahead of the curve as a financial hub. Already a European and international finance and investment fund centre, Mr Gramegna hopes to establish Luxembourg’s position as an incubator of financial technology for not just large multinationals, but for start-ups and small and medium-sized enterprises as well.
Speaking at Luxembourg’s FinTechStage conference, a gathering of local players and investors in financial technology, the minister explained why he views Luxembourg as an ideal environment for the sector to thrive in. “I see Luxembourg as a place where many important players come together, like a nursery where you can grow plants. That is why we are doing this fintech conference here, where all the right people get together and companies are already finding solutions as financial entities are teaming up and exchanging experiences. The players, banks and others, are already here and they are able to work together to upgrade their service,” he said.
