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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
Wheth­er you are de­vel­op­ing your own FinTech busi­ness, nur­tur­ing, ac­quir­ing, or in­vest­ing in them, you need the re­as­sur­ance that you are do­ing the right thing for your busi­ness and for your cus­tom­ers.The UK is at the fore­front of FinTech de­vel­op­ment world­wide. FinTech is chan­ging the way cus­tom­ers en­gage with fin­an­cial ser­vices pro­viders. The tra­di­tion­al fin­an­cial ser­vices land­scape is be­ing dis­rup­ted by the ap­pear­ance of new products and ser­vices that drive busi­ness ef­fi­ciency and in­crease fin­an­cial in­clu­sion.At CMS we know how im­port­ant it is that our cli­ents are fully aware of changes in the FinTech land­scape, so the team is im­mersed in the sec­tor, work­ing closely with the reg­u­lat­ors and oth­ers to help shape the in­dustry. For ex­ample, we are mem­bers of the Di­git­al Lead­er­ship For­um, the Pre­paid In­ter­na­tion­al For­um, the UK Crowd­fund­ing As­so­ci­ation and have been asked to par­ti­cip­ate in the All-Party Par­lia­ment­ary Group on Ar­ti­fi­cial In­tel­li­gence. We also work with FM­LC, techUK and oth­er in­dustry bod­ies, pub­lish reg­u­larly on FinTech mat­ters, and help to shape the FinTech land­scape through par­ti­cip­a­tion in reg­u­lat­ory con­sulta­tions. All of this in­dustry know­ledge is fed back to our cli­ents through our work.To find out more about our ex­pert­ise re­lated to FinTech, our FinTech bro­chure is avail­able to down­load be­low.
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24 March 2020
Pay­ments Solu­tions
CMS is a genu­ine FinTech heavy­weight, hav­ing broad and deep reg­u­lat­ory, tech­no­logy, data pro­tec­tion com­pli­ance and trans­ac­tion ex­e­cu­tion ex­per­i­ence, un­der­stand­ing the is­sues that are likely to arise on deals in the Pay­ments sec­tor.
29 July 2020
Vul­ner­able Cus­tom­ers and FinTech – life after Cov­id-19
Al­most two years ago as the Treas­ury Com­mit­tee heard evid­ence in the Con­sumers’ Ac­cess to Fin­an­cial Ser­vices en­quiry, some sur­prise was ex­pressed at the pro­jec­ted levels of po­ten­tial vul­ner­ab­il­ity in...
27 July 2020
HMT con­sults on in­clud­ing cryptoassets in the fin­an­cial pro­mo­tions re­gime
On 20 Ju­ly 2020, HM Treas­ury pub­lished a con­sulta­tion pa­per (the “Con­sulta­tion Pa­per”) which seeks to bring cer­tain cryptoassets in­to the scope of the fin­an­cial pro­mo­tions re­gime. The Con­sulta­tion...
22 June 2020
ESMA con­sults on new rules for Cloud ar­range­ments
On 3 June 2020, ESMA pub­lished a Con­sulta­tion Pa­per (“CP” which is avail­able here) on draft guidelines for out­sourcing to cloud ser­vice pro­viders. For both as­set man­agers and funds, the CP pro­poses...
18 May 2020
FCA ac­cel­er­ates di­git­al sand­box pi­lot to sup­port firms amidst the Cov­id-19...
The FCA re­leased a state­ment set­ting out its pro­pos­al to ac­cel­er­ate the di­git­al sand­box pi­lot in or­der to en­hance reg­u­lat­ory sup­port for in­nov­at­ive firms amidst the Cov­id-19 pan­dem­ic. The FCA states that...
07 May 2020
Cy­ber re­si­li­ence: The Fin­an­cial Sta­bil­ity Board con­sults on a new cy­ber...
The Fin­an­cial Sta­bil­ity Board (“FSB”) has pub­lished a con­sulta­tion re­port on Ef­fect­ive prac­tices for cy­ber in­cid­ent re­sponse and re­cov­ery, which is a toolkit of 46 ef­fect­ive prac­tices that or­gan­isa­tions...
28 April 2020
Green light for UK tower con­sol­id­a­tion
On 22 April 2020, the UK Com­pet­i­tion and Mar­kets Au­thor­ity (CMA) cleared Cell­nex’s ac­quis­i­tion of Ar­qiva’s UK tele­coms in­fra­struc­ture busi­ness.  Cell­nex, which cur­rently has a small share of the...
24 April 2020
Crypto­cur­rency = prop­erty= leg­al pro­tec­tion
The UK Jur­is­dic­tion Taskforce’s Leg­al State­ment on the Status of Cryptoassets and Smart Con­tracts is prov­ing to be in­flu­en­tial both do­mest­ic­ally and in­ter­na­tion­ally for its ana­lys­is of the leg­al status...
17 April 2020
What does the FCA’s Busi­ness Plan 2020/2021 mean for FinTechs?
This in­form­a­tion is cor­rect as of 09:00am on 17 April 2020 and will not be main­tained. On Tues­day 7 April 2020, the UK’s Fin­an­cial Con­duct Au­thor­ity (the “FCA”) re­leased its 2020/2021 busi­ness plan...
17 March 2020
Bank of England's Dis­cus­sion Pa­per on Cent­ral Bank Di­git­al Cur­rency
Back­ground On 12 March 2020, the Bank of Eng­land (the “Bank”) pub­lished its dis­cus­sion pa­per on Cent­ral Bank Di­git­al Cur­rency, Op­por­tun­it­ies, Chal­lenges and Design (the “Dis­cus­sion Pa­per”). ...
13 March 2020
Fintech and Cryptoasset De­vel­op­ments in the Budget
On 11 March 2020, the Chan­cel­lor of the Ex­chequer, Rishi Sunak, set out meas­ures the Gov­ern­ment will take to sup­port and de­vel­op the UK’s Fintech and Cryptoasset in­dus­tries, which in­clude the fol­low­ing...
02 March 2020
UK Reg­u­lat­ors con­tin­ue to scru­tin­ise AI: The FCA and the ICO an­nounce new...
The FCA and the ICO an­nounced new AI-re­lated ini­ti­at­ives on 19 Feb­ru­ary 2020. The FCA an­nounced a year-long col­lab­or­a­tion with The Alan Tur­ing In­sti­tute that will fo­cus on AI trans­par­ency in the con­text...