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Fintech in 2020
With financial services firms continuing to invest in new technology and automation, it’s important to understand what 2020 may bring for this area.
Open banking is being tipped as entering the mainstream in 2020, but what are the legal ramifications for implementing these new types of technology?
A new EU operational resilience framework for cyber security is being set up as the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) have published guidelines to address increasing concern about the changing operational risks posed by the rise of technology and their potential impact on the stability of the EU financial markets.
Continuing financial innovation brings more challenges for both regulators, who need to keep pace with the changes and new technologies, and businesses who are trying to ensure they meet regulatory requirements.
- Stay on top of all fintech related developments by visiting our Fintech hub page where you can find all of the curated articles like these, hand-picked by our team of experts.
- Check out The Financial Technology Law Review; a structured collection of overviews of fintech law and regulation from around the world with detailed analysis and trends.
- As financial technology continues to develop rapidly worldwide, make use of our Fintech GTDT comparison tool which provides a timely and comprehensive overview of the latest legislative and regulatory developments affecting this burgeoning industry globally.