Faced with these diverse concerns, it is striking how the countries which were already attractive due to their professional know-how (banking, finance, insurance...) decided to become fully equipped, value adding ecosystems by hosting systems, applications and platforms. Luxembourg has undeniably taken this route, understanding long ago the importance of major investment. The result of this strategy is that this small country has become a leading player on the European stage.
In addition to the geographic location of the country at the heart of Europe, the Grand Duchy is at the crossroads of several highspeed digital highways. This extensive network infrastructure offers very low latency for connections between different countries, and this is a further essential advantage in this sector. These characteristics, in combination with highly efficient technological infrastructures, were the prerequisites for turning Luxembourg into the ideal hub for European FinTechs. Alongside this, we must add the high level of collaboration between players in this sector. Working together helps to make large-scale projects easier to realise.