Luxembourg financial institutions (FIs) face growing pressure from consumers and regulators to adopt transparent decision-making and consumption processes. As this requires data and technology solutions, FinTechs are uniquely placed to help FIs with their sustainability challenges.
The study is based on interviews with 27 entities from FinTechs to FIs, associations and other public establishments, complemented by desk research. It finds that while there are many untapped opportunities in Luxembourg’s sustainable finance ecosystem, FinTechs also face barriers that must be removed.
While the study draws from findings across the EU overall, it explores the status of Luxembourg’s sustainability finance strategy and provides concrete proposals to catalyze the local Green FinTech industry.