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In response to the challenges faced by industry participants and clients, the LHoFT is launching the Catapult: Future Foundation Program to accelerate the development and implementation of mutualised technology platforms within the Luxembourg Financial Services sector. The primary objective of this pioneering initiative is to establish shared utilities that yield collective benefits.
The Luxembourg Ministry of Finance has allocated additional funds to the LHoFT Foundation for the execution of the Catapult: Future Foundations program. Finance Minister Yuriko Backes comments: "As a leading hub for financial services, ranging from international asset servicing to wealth management, listing and post-trade services to cross-border insurance and payment services, Luxembourg...
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