Catapult: FundTech 360° by The LHoFT Foundation to boost fintech innovation in Luxembourg's fund sector

Open Finance
27/02/2024 News

The launch of Catapult: FundTech 360° marks a significant collaboration between the Luxembourg House of Financial Technology (LHoFT) Foundation, the Association of the Luxembourg Funds Industry (ALFI), and MiddleGame Ventures. This initiative aims to bolster Luxembourg's standing as a global fintech leader, focusing on enhancing the fund sector's governance, cybersecurity, ESG data management, and AI-driven processes.

Selected fintech firms will gain insights into industry needs, refining their solutions through workshops, coaching, and networking opportunities. Additionally, they'll have the chance to showcase their innovations at prominent events like the ALFI Conference 2024.

Annabelle Albert-Fonteneau, Head of Startup Growth at LHoFT, highlighted the program's potential to drive immediate and future innovation, cementing Luxembourg's role in financial services.

Isadora Pardo, Senior VP Industry Affairs at ALFI, emphasized Catapult: FundTech 360°'s role in bridging the gap between fintech and fund industry needs, supporting Luxembourg's digital transformation.

Kanishk Walia, Partner at MiddleGame Ventures, affirmed the firm's commitment to fostering fintech innovation within Luxembourg's fund industry.

Information about the selected fintechs:

1. Fund XP - Luxembourg
Fund XP is at the forefront of the financial technology, empowering fund managers and financial institutions with cutting-edge solutions to navigate the complex world of fund regulatory reporting. Launched in 2020 in the heart of Luxembourg, their mission is clear: simplify compliance, enhance transparency, and optimize reporting processes.

2. Fundvis - Luxembourg
Fundvis offers a E2E fund data Platform for the AIF servicing Industry. Their solution is based on three pillars: 1.Data collection, 2.Data processing, 3.Data based automation. The solution enables smarter programming and automation based on self generated company data.

3. GaiaLens - United Kingdom
GaiaLens is an AI-powered ESG analytics platform for institutional investors. The platform is data-driven, transparent, and delivers real-time analysis. It comprises of a suite of tools to help investors fulfil their ESG needs including portfolio reporting, investment screening, and deep-dive research capabilities. It acts as an automated ESG analyst team which can support investors through the whole ESG investment lifecycle and save them a significant amount of time.

4. Lynxai - USA/Portugal
Lynxai is a data-driven platform that makes ESG investment more efficient, by helping the asset management industry to effortlessly comply with regulations, and to have access to diverse and reliable ESG data filtered according to the client's standards. Key Features include objective quantitative data access, trend spotting AI tool, customizable ESG standards and CO2 Emissions Monitoring.

5. Sentometrics - Belgium
Sentometrics is a large-scale media ESG news monitoring company. They provide verified and relevant thematic media-based information and scoring about events impacting selected companies or personas.

6. U-Reg - Singapore
U-Reg operates as a cloud-native, subscription-based Software as a Service (SaaS) platform. The platform simplifies end-to-end onboarding, compliance and regulatory processes by facilitating a seamless, secure, and compliant exchange of regulatory information among financial institutions, their clients, business partners, and regulatory bodies. At the core of the platform lies the "input once, report to many" principle.

7. WeavAirTeam - Poland
WeavAirTeam offers an AI software powered data platform for sustainability & telemetry. WeavAir leverages new modular sources of data and cutting-edge continuous remote analytics and parametric ESG intelligence platforms that enable improved analytics, energy savings and emissions reduction by combining networks of sensors, satellite imagery and other data capture systems.

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