The Regtech100 list of top innovative regulatory technology companies, compiled by the research and media outfit Fintech Global, was released on 11 December 2024. The companies selected embody excellence in areas such as compliance, risk management, information security and the fight against financial crime.

Three Luxembourg regtech firms were featured on the Regtech100 list. Cascade stood out for its centralised software as a service (Saas) solution, which digitises anti-money laundering and know-your-customer processes and reduces reliance on traditional tools such as Excel. Deployed in 25 jurisdictions, the platform provides a real-time view of customer files and strengthens regulatory compliance through a risk-based approach. To achieve this, the group relies on Microsoft Azure cloud infrastructure and artificial intelligence to improve efficiency and simplify data management.

I-Hub offers a centralised solution that simplifies the onboarding and updating of customer files. By integrating advanced technologies such as optical character recognition (a process that converts a text image into a readable text format) and artificial intelligence, the platform reduces processing times while guaranteeing the confidentiality of information and meeting the strict due diligence and reporting requirements of financial institutions.

Founded in 2018 by four major Luxembourg financial institutions--Spuerkeess, BGL BNP Paribas, Banque Raiffeisen and POST Luxembourg--Luxhub has established itself as a major player in open banking in Europe. The company took its first steps by complying with the second European Payment Services Directive (PSD2), which aimed to strengthen user authentication processes. More recently, the company has extended its offering with a solution dedicated to combating VAT fraud in cross-border transactions. The company has also launched a product to meet the obligation to verify the beneficiary, introduced in the regulation on instant payments.

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