Technology is increasingly being used to support the delivery of financial services, generating huge growth in the fintech market. Mobile apps allow consumers to manage their finances at the touch of a button, enterprise platforms help providers lower fraud risk, and global payment platforms and new business models present exciting opportunities for suppliers, customers and investors in the sector.
However, the speed of these developments mean that banks, financial service providers and the emerging fintech companies have to deal with a multitude of constantly shifting regulatory requirements. An increasing focus on protection of customer data through the launch of the GDPR, IT security initiatives including KRITIS and the NIS Directive, or international regulatory harmonisation through PSD2 and MiFID II are just a few of the regulatory hurdles that face companies operating in the sector.
Our fintech specialists advise both new entrant fintech companies as well as established banks and financial service providers The team provides a wide variety of advice on current and emerging technologies covering core areas such as M&A, equity financings and corporate restructurings, financial services regulation, data protection and privacy, employment and tax. We also have expertise in specialist topics like aggregators & market platforms, crowdfunding, digital exchange platforms, mobile payment technologies, mobile-based fraud detection technologies and regulatory issues relating to mobile payments, websites & promotions.
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Pushing back on APP fraud: mandatory reimbursement rules
by multiple authors