Considered a real business springboard, the support FSP status has enabled Telindus to seize opportunities such as access to advanced data and technologies – which foster innovation in the financial sector – and thus to offer products and services adapted to the needs of customers and to develop at the human resources level, while contributing to the country’s attractiveness.
In addition to gaining privileged access to the Luxembourg financial market – and more broadly to the European market – this statute generally facilitated cross-border activities from a Luxembourg base and still offers opportunities for growth throughout Europe. For 20 years now, the support FSP status has strengthened the attractiveness of Luxembourg, giving the country the opportunity to be the first choice for companies looking to establish themselves in Europe.
In a context where the issue of data sovereignty is at the heart of concerns, benefiting from the FSP support accreditation remains a major competitive advantage when serving financial services companies. As access to and control of data is strictly regulated, the legal requirements implied by this status are a guarantee of security and quality for our customers, and a mark of confidence for our company.
Another significant impact of maintaining the support FSP status is the expansion of the products and services that our organization offers. It has been important for Telindus in recent years to position itself as a key player in the IT field and to remain competitive while meeting the evolving needs of our customers. The wide range of services authorized thanks to this status, has allowed us to develop our activities, to remain at the forefront of technology and to offer solutions adapted to the needs of our customers concerning the cloud, cybersecurity, IoT, telecom and more. The rich ecosystem that the financial services market has built with the FSP service providers is a factor of attractiveness for Luxembourg.
On the human resources competence level, we have a continuous professional development program that ensures that all employees, including members of the management team, remain trained and informed about the latest regulations, and understand the internal governance system and their own roles and responsibilities in this respect. Thanks to this training – and depending on the services we provide – Telindus employees are able to respond to customers’ specific needs. To give just a few examples of the roles that we can offer: cloud officer, internal auditors, compliance officers or operator technicians.
Furthermore, we maintain an important legal and regulatory watch to keep up to date, anticipate legislative and regulatory changes and adapt our processes and contracts to take these changes into account.
For several years now, our company has been committed – like other players with this status – to providing quality services that comply with regulatory requirements while contributing to the dynamism of the financial sector in Luxembourg.
