The Seoul Fintech Lab, which has been established by the Seoul Metropolitan Authorities in South Korea, goals to remodel the town into one of many main monetary facilities on the planet.
The Fintech Lab’s organizers may be working intently with corporations in Luxembourg. There’s a web based meet-up that has been scheduled with 10X Extension (primarily based in Luxembourg) on November 26, 2020. In the course of the meetup occasion, Fintech entrepreneurs from South Korea will probably be networking and collaborating in investor relations periods with corporations from Luxembourg. These conferences might result in new initiatives being launched in Europe.
A company entity that’s established in Luxembourg can be acknowledged in different European Union (EU) member international locations. These corporations can probably supply a very good alternative to increase operations into different European nations.
Many international firms like Amazon, eBay, Skype, Rakuten (amongst many others) have established their European headquarters in Luxembourg. PayPal, a number one multinational Fintech firm, has been granted approval to launch a bank within the European nation.
KeunJin Kim, CEO at Spiceware, a Korean startup that can participate within the occasion, acknowledged:
“Already, there are several Fintech startups setting up shop in Luxembourg. Through this online meet-up before a full-fledged entrance to the European market, we hope to promote our services to European audiences while securing potential client firms with privacy protection issues.”
HoHyun Ko, Head of Seoul Fintech Lab, remarked:
“With this program, we plan to give full support to domestic Fintech startups in the form of foreign investment attraction, partnership signing, and help with European market entrance.”
The net software for the Luxembourg meet-up may be accessed by visiting the web site of Seoul Fintech Lab.
As reported earlier this month, the Luxembourg-based Nadifin Fintech Accelerator had introduced its 2020 cohorts. Based on Nadifin, greater than 120 functions from all around the globe have been submitted and ten early-stage Fintech corporations have been chosen.
Based in 2019, the NadiFin Acceleration program is powered by MiddleGame Ventures and Farvest in partnership with the Luxembourg Home of Monetary Know-how (LHoFT). It focuses completely on “cutting edge” Fintech corporations post-seed and pre-series B making ready for funding which are utilizing AI/ML, Large Information Analytics, Blockchain, and different “deeptech” instruments to create seamless options and companies for the European monetary companies market.
As coated in September 2020, the SIX Group will leverage Luxembourg Fintech LUXHUB’s Open Banking tech to streamline Switzerland’s monetary sector.