FinTech

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Welcome to FinTech Insights, the place to find out more about our views and hot topics related to FinTech. We hope that you find it useful.

The market's desire to increase the level of financial inclusion, business efficiency and reduce costs, and the need for improved customer engagement and experiences, are driving the emergence of new business and operating models, products and services. The traditional financial services landscape is being disrupted with challengers emerging at every turn.

Particular strengths of the UK FinTech market are:

• online and mobile payments
• accounts and lending
• money transfers and foreign exchange
• data analytics
• financial software
• peer-to-peer
• crowdfunding platforms

We can expect to see growth in areas such as:

• RegTech
• InsureTech and automated advice
• authentication and cybersecurity
• wealth management and financial inclusion services
• back office processing
• blockchain based solutions

We are regarded by many companies as their first choice for all legal services related to FinTech. To find out more about our FinTech expertise and how we can help please visit our dedicated FinTech expertise section.

High­lights of our ex­per­i­ence in FinTech in the UK
Tech­no­logy, Me­dia & Com­mu­nic­a­tions
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09/01/2019
The ESA pub­lishes re­port on in­nov­a­tion fa­cil­it­at­ors
On 7 Janu­ary 2019, the European Su­per­vis­ory Au­thor­ity (“ESA”) (con­sist­ing of the European Se­cur­it­ies and Mar­kets Au­thor­ity, the European Bank­ing Au­thor­ity and the European In­sur­ance and Oc­cu­pa­tion­al Pen­sion Au­thor­ity) pub­lished a joint re­port on “in­nov­a­tion.
21/12/2018
HM­RC pub­lishes guid­ance on tax­a­tion of cryptoasset hold­ers
On 19 Decem­ber 2018, HM Rev­en­ue & Cus­toms (“HM­RC”) pub­lished guid­ance on how in­di­vidu­als pos­sess­ing cryptoassets may be taxed (the “Guid­ance”). In par­tic­u­lar, the Guid­ance cov­ers: what crypo­as­sets are; which taxes ap­ply to in­di­vidu­als.
13/08/2018
FCA an­nounces the cre­ation of the Glob­al Fin­an­cial In­nov­a­tion Net­work
On 7 Au­gust 2018, the Fin­an­cial Con­duct Au­thor­ity (the “FCA”) has, in col­lab­or­a­tion with 11 fin­an­cial reg­u­lat­ory and re­lated or­gan­isa­tions, an­nounced the cre­ation of the Glob­al Fin­an­cial In­nov­a­tion Net­work (“GFIN”), build­ing on the FCA’s pro­pos­al to cre­ate.
01/06/2018
FinTech: Evol­u­tion or re­volu­tion? An up­date on the latest de­vel­op­ments
In­tro­duc­tion    In­nov­a­tion with­in the fin­an­cial tech­no­logy in­dustry (bet­ter known as the FinTech in­dustry) has trans­formed the fin­an­cial ser­vices mar­ket. FinTech has re­shaped busi­ness trans­ac­tions, the in­sur­ance in­dustry, as­set man­age­ment and money it­self.
22/05/2018
The FCA’s Re­view of Auto­mated In­vest­ment Ser­vices
Fol­low­ing the pub­lish­ing of the 2017/18 Busi­ness Plan, the FCA has un­der­taken re­views of in­nov­at­ive areas of the fin­an­cial mar­kets. In a re­port pub­lished 21 March, the FCA presen­ted its find­ings on auto­mated in­vest­ment ser­vices and its re­com­mend­a­tions on im­prov­ing.