DELANO surveyed 18 Luxembourg regtech firms about their challenges.
“To make Luxembourg’s regtech scene a success, the target clients of regtech startups must have faith in the new applications and implement them,” says Cécilia Vernhes of Nadi Solutions.
“It is especially true in the fund industry: only once the bigger players have placed their trust in the small, agile companies will the synergies and success stories emerge. The stringent requirements of the legal, operational and risk departments of the fund industry’s big players almost preclude working with a regtech startup.”
Read the full article here: DELANO - Regtech report: Challenges ahead
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