A recent decision by the UK financial services regulators, the Financial Conduct Authority and the Prudential Regulation Authority, to fine a retail bank serves as a reminder to both customers and technology vendors and service providers to the financial services sector to ensure that their services and contracts include
Continue Reading Financial services and technology: retail bank fine is a warning from the UK regulators
This article first appeared on dlapiper.com on May 31.
DLA Piper is pleased to announce the release of a special report titled “Cryptocurrency and its impact on insolvency and restructuring.” The firm prepared the report on behalf of INSOL International, a global federation of national associations for accountants and lawyers
Continue Reading DLA Piper prepares report on the impact of cryptocurrency on insolvency and restructuring
One of the most noticeable recent trends in financial services is the number of collaboration which are taking place between FinTechs and banks. As banks have been transforming to increasingly drive business through digital channels, they have sought to partner with FinTechs to accelerate the pace of change.
There is
Continue Reading Collaboration in Financial Services – Regulation and Challenges
Sitting at 36,000 feet over the Atlantic writing this article, I’m unusually aware of the traditional use of the phrase “black box”: an aircraft’s flight data recorder, there to let investigators understand what went awry should the worst happen. It seems odd that a device whose purpose is to provide
Continue Reading Isn’t the whole point of a black box to tell you exactly what happened? AI’s explainability conundrum
The growth of usage of blockchain based smart contracts in Italy might be boosted by a new law which deemed them equal to written documents in some cases.
What are smart contracts?
According to Investopedia, smart contracts are
“Smart contracts are self-executing contracts with the terms of the
Continue Reading Blockchain based smart contracts equal to written documents in Italy
Virtual currency for the 1st time falls under Italian anti-money laundering law with the decree implementing the European 4th AML Directive.
Continue Reading Virtual currency gets regulated under anti-money laundering laws
The FinTech revolution is led by the PDS2 with banks as a platform facing legal risks due to open APIs and new strong authentication obligations.
Continue Reading FinTech – between Open APIs and Strong Authentication at the time of the PSD2
Blockchain is “the most important invention since the Internet itself” according to Marc Andreeseen, but if illegal activities are perpetrated through the blockchain, who is liable?
Continue Reading Who is liable for the blockchain in Europe?
The Internet of Things and FinTech are among the fastest growing markets, but their intersection leads to new legal issues to which operators might not be ready.
Continue Reading When FinTech meets the Internet of Things
