LHoFT, LATTICE80 sign MoU to set foundation for fintech ties in Luxembourg and Singapore

Luxembourg House of Fintech LHoFT said that it has signed a Memorandum of Understanding (MoU) with LATTICE80, Singapore-based largest Fintech Hub in a move to set a foundation for collaboration between the two centers.

According to the report by Finextra, the MoU was signed during Money 2020 Europe event. It offers a framework to strengthen the partnership between two leading fintech centres as well as foster digital transformation in financial services.

“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,” Nasir Zubairi, CEO of the LHoFT, commented.

Both LHoFT and LATTICE80 have agreed to collaborate in various areas including the exchange of information on innovation projects, industry needs, and financial services trends among others. The hubs will offer appropriate connectivity to contacts and network to facilitate new partnerships and stimulate business and innovation. The partners will also consider collaborative projects that can help push fintech forward.

“It’s our goal at LATTICE80 to provide Fintech startups from all over the world with a launchpad into Asia,” Joe Seunghyun Cho, CEO of LATTICE80, said. “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.”