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The combination of a swiftly developing IT sector and a strong financial industry makes Luxembourg an upcoming hotspot for Fintech in Europe. Globally the country is in the top 25 locations for job candidates in the financial industry.
Experts predict the biggest shift in finance will not come from political changes, new regulations or globalisation, but by technological disruption. New financial technologies like blockchain, mobile wallets and automated advisers will fundamentally change the industry and the need for new skill sets – and therefore candidates. One country that will create many new jobs because of these innovations is Luxembourg.
The finance sector benefits from the fact that many financial organisations are looking at Luxembourg as an alternative home after Brexit. Global players in finance, such as Citi Group, M&G, and insurers like AIG and FM Global already to opened subsidiaries or divisions in Luxembourg.
The combination of a swiftly developing IT sector and a strong financial industry makes it an upcoming hotspot for Fintech in Europe.