Luxembourg –14th of March– In the presence of the Minister of Finance, Mr. Pierre Gramegna LUXHUB, the European Open Banking API Platform launched yesterday evening its Open Banking Marketplace. Building trust, improving customer experiences and joining efforts were the keywords of the Panel.

“Real collaboration requires a leap of faith and this is the key message of our journey in LUXHUB, the power of collaboration and cooperation to the benefit of the whole industry” quoted Mr. Jacques Pütz, CEO LUXHUB in the presence of more than 200 attendees at the Open Banking Panel Event.

Starting today, we will assist a revolution in the way business approach and manage the financial information. LUXHUB has the mission of guiding the banks through the digital journey and be the platform that connects Fintechs and Financial Institutions so that the final customers can benefit from the best products and services.

The doors have opened and our Developer Portal is live so Fintechs can reach LUXHUB’s Marketplace and develop their next digital products. LUXHUB is publishing sandboxes of 22 EUROPEAN Banks coming from 5 different Countries.The Sandbox allows TPPs to easily use testing against our PSD2 compliance Interface (https://developer.luxhub.com/)

The European Open Banking Panel revealed the importance of collaboration and partnerships in the new “API Economy”, not only in the PSD2 context but for the future of the open banking.

Banks are obliged today to redefine their approaches and strategies. LUXHUB can provide uptodate technical solutions and amazing new mutualized services which all players are benefiting from. In that sense, LUXHUB increases the speed of innovation.

In the presence of the Minister of Finance, the team, the customers and the representatives of European Financial Intuitions, LUXHUB has put the Luxembourgish flag on the European Open Banking Market.