The Luxembourg House of Financial Technology (LHoFT) has signed an MoU with two departments at the University of Luxembourg: the Interdisciplinary Centre for Security, Reliability and Trust (SnT) and the Faculty of Law, Economics and Finance (FDEF). The parties will collaborate on FinTech projects.
According to reporting from Finextra, through the agreement, professors and researchers from SnT and FDEF will work with the LHoFT team at its House of Startups facility, as well as with other FinTech firms, to participate in research and develop solutions.
Both SnT and FDEF have been exploring blockchain technology and its role within the FinTech industry. Specifically, they are working on solutions regarding initial coin offerings and regulation. Further, faculty members from SnT and FDEF have expressed interest in collaborating with the LHoFT.
"[The agreement] allows our researchers to find new applications for their inventions and creates opportunities for FinTech entrepreneurs to draw upon the deep technical expertise and recent research advances from our research institution," said Björn Ottersten, director of SnT.
The new collaboration should ultimately allow the academic and business worlds of Luxembourg's FinTech industry to share resources, knowledge, and talent.