Luxembourg’s financial sector is known for its quiet strength, yet some of its most important regulatory transformations have been driven by small and highly specialised firms. MAQIT is one of them. The Leudelange based RegTech boutique has spent the past decade turning dense regulation into workable digital solutions, supporting institutions through moments of regulatory uncertainty and technological transition.
MAQIT’s story began in 2015 during a workshop designed to prepare Luxembourg for the arrival of cryptocurrency providers. At the time, few organisations had clarity on how to approach digital assets, cloud computing was viewed with caution and online onboarding in AML was still an emerging concept. Into this landscape stepped MAQIT’s founders, who believed that compliance could accelerate innovation rather than hinder it. As deputy CEO Giulia Iannucci explains, “compliance actually can be a catalyst for progress.” This philosophy guided the firm’s early work and helped it define a role as a translator between new technology and new rules.
One of the clearest illustrations of this approach came when Luxembourg launched its Freeport and needed to apply AML rules to the world of high value art. It was a pioneering effort, and MAQIT was tasked with designing the entire AML framework. The challenge was substantial. The art market relies on discretion, transactions can be opaque and at the time the Freeport’s owner was facing public scrutiny. Looking back, partner Thierry André notes, “It was quite challenging” and adds that “but finally we achieved” a solution that balanced regulation, operational reality and reputational sensitivity. The project became a reference point for MAQIT. It showed that regulatory expertise could be applied to sectors far beyond traditional finance.
Since then, MAQIT has continued to deepen its work in specialised areas where regulation is intensifying. Its platforms, KYCtech and Regulat.io, were built internally to respond to the needs of industries that are increasingly monitored. They support clients faced with evolving requirements. André describes the firm’s perspective simply. “We are understanding the market needs but also upfront identifying potential risks.” This forward looking mindset has enabled MAQIT to position itself as both a guide and a guardrail for institutions that want to remain compliant while keeping pace with innovation.
MAQIT’s team of seventeen has embraced a boutique identity. For a privately-owned firm, small size is a strategic choice that enables agility and close collaboration. As Ianucci says, “we thrive on being small and agile.” This culture has allowed the company to take on highly tailored projects and to work closely with regulators, financial institutions and emerging market entrants. It is a model that values precision and expertise over scale, and it has proven effective in a country where regulatory developments often involve direct dialogue between industry and oversight bodies.
And the approach is paying off financially. The firm recorded 282 active clients and 23% year on year revenue growth from 2023 reaching €2.26 million in 2024.
Over the last decade, MAQIT has contributed to Luxembourg’s progress in areas that are now central to European regulation, including crypto compliance, cloud adoption and risk screening. Its work reflects a consistent vision that regulation should support innovation and help institutions operate with confidence. The next phase will involve greater use of AI supported compliance tools and new advisory services for global players entering Europe under the MiCA and EDD frameworks. These developments align with the firm’s belief that regulatory change remains a powerful driver of modernisation.
Ten years after its founding, MAQIT continues to demonstrate that small firms can have an outsized impact on national and cross border regulatory landscapes. Its blend of technical skill, digital tooling and sector specific insight positions it to play a meaningful role in shaping Luxembourg’s future. With a guiding belief that “compliance actually can be a catalyst for progress,” the company enters its second decade with the same clarity that defined its first.
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