Finologee wins “ICT Outsourcing Services Provider of the Year” award for the second time

Finologee wins “ICT Outsourcing Services Provider of the Year” award for the second time

Finologee received the ICT Outsourcing Services Provider of the Year for the second year in a row, for building the new generation infrastructure for outsourcing and managed services operations for financial industry players in Luxembourg.

On 16 November 2022 during the 16th edition of Gala IT One, one of the largest networking events in the Grand-Duchy’s IT industry, Finologee received the award “ICT Outsourcing Services Provider of the Year”. The Luxembourg ICT Awards is an annual event that brings together the IT community with the aim of promoting and spreading best practices, encouraging peer exchanges and recognising the best solutions available in the industry.

“We are absolutely thrilled to accept this prize for Luxembourg’s outsourcing provider of the year, second year in row. A big thank you goes to our team for their commitment, passion and endurance to make this project happen – again,“ says Georges Berscheid Finologee’s Co-Founder and CTO.

Since its inception in 2017, Finologee’s strategy is to bring together the right ingredients stemming firstly from proven IT operation frameworks that have served Luxembourg banks, insurance companies and other financial institutions for the past 15 years, having operated with a double Support PFS licence and obtained ISO 27001 certification from the start. In addition, the company has implemented new generation RegTech and digital payment operations standards with a strong drive for innovation, efficiency and process improvement, not to mention a best-in-class outsourcing framework for regulated entities that is precisely tailored to the needs of the Luxembourg financial industry, meeting regulatory requirements, applying best market practices and minimising the customisation and context-specific analysis efforts that need to be undertaken by the respective client teams when outsourcing or subcontracting to external providers.

The platforms run by Finologee provide solutions for a range of contexts and needs, including banking compliance (PSD2 & CEDRS), Know Your Customer and Lifecycle Management (KYC Manager) and professional payments (ENPAY). Products strictly adhere to the regulatory framework that governs setups for cascaded outsourcing and service supply, integrating industry-leading foreign components. Through its many platforms, Finologee currently provides services to over 100 banks, insurance firms, and institutional clients.