Economy

Second edition of the FinTech Awards: Luxembourg confirms its position as a centre of excellence

Four start-ups receive financial and logistical support in Luxembourg

FinTech Awards 2017On 28 June 2017, the prize-giving ceremony for the FinTech Awards was held in Luxembourg. These awards go to start-ups in the field of financial technology that demonstrate an entrepreneurial, innovative approach. Start-ups from all over the world are eligible for the awards – for this year's second edition, 160 applications were received from 46 countries, clearly illustrating how start-ups can benefit from the stable, business-friendly environment in Luxembourg.

Winners from Cyprus, Israel and the Netherlands

For this 2017 edition, the first prize went to AIFMaps, a Cypriot company that has developed an application to manage the activities and decision-making processes of steering committees, mainly in the investment fund industry. AIFMaps will receive a prize of €50,000 to develop its business, the chance to be hosted at the Technoport and one year's membership of the KPMG Hub for Entrepreneurship.

In second place was the Israeli company PayKey, which has developed a payment system that is directly accessible via social network messaging services. The third prize was awarded to getmeIns, another Israeli company with an application that analyses the profile of a potential client to determine fraud risk.

The panel also presented the Women in FinTech Award to Bernadette Wijnings, CFO of Blanco. This Dutch company sells software that determines the risk a client is willing to take on investments and uses this analysis to link the client with the fund manager that best fits its profile.

The FinTech Awards, run by the Luxembourg House of Financial Technology and the consultancy firm KPMG Luxembourg, are aimed at start-ups in the field of financial technology. The awards are designed to promote the start-up culture in Luxembourg and to raise awareness of the infrastructure and financial support available for young companies in the early stages of development.

(Article written by the editorial staff of the Luxembourg.lu portal)

  • Updated 10-07-2017