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Luxhub SA

www.luxhub.lu

Fintech sector: Payments

Country of incorporation: Luxembourg

Year of incorporation: 2018

Funding raised: € 4 million

Team names, roles
and company contact

Mr Jacques Putz, CEO

Mr Claude Meurisse, COO

Elevator pitch

In the context of the entry into force of PSD2, Banque et Caisse d'Épargne de l'État, BGL BNP Paribas, POST Luxembourg and Banque Raiffeisen joined forces to create the new company LUXHUB. LUXHUB will host and will operate a common API platform providing Account Servicing Payment Service Providers with PSD2 compliance services. LUXHUB facilitates Banks to be involved in the new API Economy. According to PSD2, Account Servicing Payment Service Providers have to become technical service suppliers for Third-Party Providers: LUXHUB will assume this role for banks.

Problem solved

PSD2 Compliance

Solution / technology

We Connect You: A bridge between Fintech and traditional banking. PSD2 compliant SaaS solution implementing multiple standards (STET, Berlin Group), developer sandbox,etc... Our technology - SaaS no point of failure solution running in Tier 4 redundant datacentres on state of the art security and high-availability components. The platform is using Axway solutions for API publishing, the de-facto standard on the market.

Competitive

  • Sharing of Compliance costs
  • Our expertise in connectivity and standard interfaces
  • Hosting and operational management of the entire platform’s hardware & infrastructure

Market size

All EU established banks providing online payments to their clients

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