Fintech Task Forces – Covid19 Impacts & Opportunities
- What is the impact of Coronavirus on the Financial Industry in Luxembourg?
- Are there any business and technological opportunities from this crisis that is disrupting our lives both personally and economically?
Launched in January 2020 by the Luxembourg House of Financial Technology (LHoFT), four Fintech Task Forces, composed of industry experts and Fintech innovators, have started initiating projects to accelerate innovation in these key areas: banking, asset management, insurance and blockchain.
Given the cross-sector nature of Fintechs, the Task Forces provide a multidisciplinary approach, giving a broader perspective on technological applications that can solve major pain points in the financial industry, but also identifying strategic Fintech initiatives in the ecosystem and anticipating future trends and opportunities for the Luxembourg financial services sector.
With the COVID19 crisis, the four Fintech Task Forces have continued to meet and work remotely, each Task Force identifying the top five impacts of the COVID-19 pandemic on their respective areas of focus and pinpointing interesting opportunities that may arise. The Fintech Tasks Forces are also working alongside other industry association’s groups, focusing on a global and coordinated approach. As always, in Luxembourg we work together to get ahead, and the Task Forces are playing their part in helping financial services and Fintech move in the right direction.
Discover HERE all the insights of the Fintech Task Forces.