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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.

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07/11/2023
Financial services outsourcings and AI
With the AI summit last week in Bletchley Park where a world-first agreement has been made between the UK, EU, US and China on the opportunities and risks posed by AI, we thought it was a good time to...
03/11/2023
UK Cryptoasset Regulation: three key updates
On 30 October 2023, HM Treasury (“HMT”) published 3 key updates on its proposed approach to regulating cryptoassets under the UK’s financial services regulatory framework, namely:Response to feedback...
30/10/2023
AI in financial services: industry feedback published and other developments
On 26 October 2023, the Bank of England (“BoE”), Prudential Regulation Authority (“PRA”) and Financial Conduct Authority (“FCA”) (together, the “Supervisory Authorities”) published a joint...
09/10/2023
Pathways to progress: Board Oversight and Accountability in an Artificially...
IntroductionThe unexpected speed with which Artificial Intelligence (AI) has captured the public imagination – both in business and in private lives – has been staggering.  And both the regulators...
07/09/2023
What does consumer duty mean for Fintechs?
This article first appeared in DIGIT News, 5 September 2023. In this contributed piece for DIGIT, Aidan Campbell, partner; and Jamie Marshall, senior associate at CMS break down the cascading effects...
01/09/2023
AI in financial services – Autumn 2023 update
Over the course of 2023, artificial intelligence (“AI”) has continued to rise up the regulatory and business agenda. Ahead of several important policy announcements in Autumn/Winter 2023, we have...
25/07/2023
Enforcement of arbitral award refused in crypto-related dispute
The English High Court has refused to enforce a foreign arbitral award in a crypto-asset related dispute, as to do so would be contrary to public policy.Back­ground:As set out in our previous Law-Now on...
16/06/2023
CBDC – the next milestone in the evolution of payments?
IntroductionIn an ever changing payments landscape the interest in central bank digital currencies (CBDC) has grown considerably.  According to a survey conducted by the Bank for International Settlements...
08/06/2023
FCA publishes final rules and supplementary draft guidance on financial...
On 8 June 2023, the UK Government confirmed that the financial promotion regime should apply to cryptoassets from 8 October 2023. As part of implementing this new regime the Financial Conduct Authority...
08/06/2023
High Court orders transfer of cryptoassets into England and Wales to allow...
The High Court of England and Wales has ordered Huobi Global Limited (“Huobi”), the operator of the cryptocurrency exchange involved in the litigation, to transfer into England and Wales cryptoassets...
25/05/2023
Crypto fraud: role of exchange as a constructive trustee
In a recent judgment the English court has discharged an interim proprietary injunction that was made against a crypto exchange and considered issues around the position of a crypto exchange as a constructive...
16/05/2023
UK Open Banking: JROC sets out its vision for the next phase of open banking...
On 17 April 2023, the Joint Regulatory Oversight Committee (JROC) published a report setting out its vision for the future of open banking as well as its recommendations and proposed actions for delivering...