Source: The LHoFT As part of the Luxembourg State visit in Japan and following the Luxembourg-Japan Business Forum in Tokyo highlighting the future of financial relations between Japan and Luxembourg, the Luxembourg House of Financial Technology Foundation (LHoFT) is pleased to announce the signature of a new Memorandum of Understanding (MoU) with the Fintech Association of Japan (FAJ) on Wednesday, 29 November. This MoU was signed by Nicolas Mackel, CEO of Luxembourg for Finance, on behalf of the LHoFT, and witnessed by H.E. Pierre Gramegna, Luxembourg Finance Minister, as well as other distinguished guests from the Luxembourg official delegation. Nasir Zubairi, CEO of the LHoFT commented: “This cooperation agreement with the Fintech Association of Japan is the confirmation of the strong and trusted relationship between Japan and the Luxembourg financial centre. The agreement confirms that Luxembourg is becoming a core hub for Fintech and for corporations looking for Fintech investment opportunities across Europe.” Shirabe Ogino, Director of the FAJ added: “Through this MoU, we believe members of the Fintech Association of Japan will have better access to the European Union and receive up-todate information on trends or policies in the EU. We are also welcoming European Fintech startups to explore the financial sector in Japan.”
The financial technology sectors of Luxembourg and Japan will work together closely, following the signing of an agreement between industry bodies in the two countries. The leaders of both organisations expressed hopes that the partnership will lead to mutual investment opportunities. Nasir Zubairi, CEO of the Luxembourg House of Financial Technology Foundation, added: "this cooperation agreement with the Fintech Association of Japan is the confirmation of the strong and trusted relationship between Japan and the Luxembourg financial centre".