Source: The LHoFT
The LHoFT, Luxembourg House of Financial Technology, and LATTICE80, the world’s largest Fintech Hub located in Singapore, are excited to have signed a Memorandum of Understanding (“MOU”) at Money 2020 Europe, setting a foundation for collaboration between the two centres.
This Memorandum of Understanding provides a framework to intensify the cooperation between two leading financial centres with a specific focus on Fintech and driving digital transformation in financial services. The LHoFT and LATTICE80 agree to cooperate in a number of areas, including the exchange of information on innovation projects, industry needs and trends in financial services from each respective centre. The two hubs will also provide each other and their members with appropriate connectivity to contacts and network as needed to facilitate new partnerships and stimulate business and innovation. They will also actively consider collaborative projects that can help push Fintech forward.
Nasir Zubairi, CEO of the LHoFT, comments: “We are really happy to cement this bridge to and work with LATTICE80. We want to help LATTICE80 and their members in whatever way we can to achieve our mutual goal of facilitating digital transformation within the financial sector.”
Joe Seunghyun Cho, CEO of LATTICE80, added: “It’s our goal at LATTICE80 to provide Fintech startups from all over the world with a launchpad into Asia. Through this partnership with the LHoFT, we’re better able to deliver on that promise by extending our reach to teams in Luxembourg who may want to expand to Asia using LATTICE80 as a point of entry. And vice versa, we’re pleased to be able to offer our incredible Fintech startups in Singapore a way into Europe through this very special partnership. The Fintech ecosystems in both regions stand to benefit tremendously from this joint initiative.”
Contributed | what does this mean?