Luxembourg’s Depository Banks Are Betting On These Two Fintechs

Luxembourg’s banking sector is counting on two European fintechs, Depowise and Altilia, to bring much-needed innovation and digitalisation across the industry. 

The two won Luxembourg’s first Catapult programme, Catapult: BankTech, organised by ABBL’s Depositary and Custodian Banking Cluster (DBCL) and the Luxembourg House of Financial Technology (LHoFT).

Luxembourg is the world’s second-largest fund hub, with €7.54 trillion in assets under depositary and €3.95 trillion in assets under custody. This success is thanks in large…