A year and a half after its incorporation, RegTech startup LUXHUB has been appointed as one of the hundred most innovative RegTech companies in the world!
featured: Jacques Pütz
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A fast-growing startup
Today, it is with a lot of proud that LUXHUB’s managers sent a message to their teams to thank them for their commitment and excellent work over the last months. Because today, only 18 months after its incorporation, LUXHUB has been recognized as a REGTECH100 Company.
RegTech Analyst, a specialist research firm, indeed recognized LUXHUB as one of the world’s most innovative technology solution provider addressing the challenges and opportunities of dealing with regulatory issues within financial services.
Born in Spring 2018, LUXHUB has been growing fast and evidenced its ability to provide top-notch services. LUXHUB’s specificity has been to put together the banking knowledge with the agility of a startup. Its purpose is to help the entire digital ecosystem to take advantage of the challenges and opportunities of Open Banking related initiatives.
To do so, LUXHUB first developed an XS2A interface to help banks and e-money institutions in their PSD2 compliance journey and has in this context be designated as the 2nd largest European Open Banking Hub at the EBA Day 2019. Followed closely the launch of LUXHUB One API, which is an integration layer giving access to any bank via a unified API for aggregation purposes. Last, but not least, LUXHUB is building an innovative financial API one-stop-shop, the LUXHUB Marketplace.
The nomination of LUXHUB by the RegTech Analyst is, in this context, seen by LUXHUB’s management as a “further proof of LUXHUB’s growing international recognition as an industry-leading provider in the API Economy”.
“The REGTECH100 is an annual list of 100 of the world’s most innovative RegTech companies. These are the companies every financial institution needs to know about as they consider and develop their mission critical RegTech and digital transformation strategies,” says RegTech Analyst spokesperson. “The previous REGTECH100 lists received worldwide attention. Companies that won places on them generated huge awareness among financial institutions. Many were approached directly by banks and other major FIs, while other got a more welcome reception from prospective clients, which has led to new partnerships, new investments and increased sales.”
“The list has been updated for 2020 to recognize the next-generation of solution providers shaping the future of the compliance, risk management and cybersecurity industries. The lists aim to help senior management and compliance professionals evaluate which solutions have market potential and are most likely to succeed and have a lasting impact on the industry”.