News & Analysis as of

FinTech General Data Protection Regulation (GDPR)

A&O Shearman

The Dutch Hague Court upholds Bunq's decision in GDPR data access case

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In a significant ruling (dated 9 September 2024), The Hague District Court (Court) has sided with Bunq B.V. (Bunq), dismissing part of the customer's GDPR access request. This decision highlights that a financial entity’s...more

Skadden, Arps, Slate, Meagher & Flom LLP

The EU AI Act: What Businesses Need To Know

The newly approved Artificial Intelligence Act (AI Act or the Act) aims to create a secure and trustworthy environment for the development and use of AI in the European Union....more

Wilson Sonsini Goodrich & Rosati

European Commission Proposes New Rules on Financial Data Access and Use

On June 28, 2023, the European Commission (EC) published a Proposal for a Regulation on Financial Data Access (FIDA). FIDA aims to create a framework through which data holders (e.g., banks, credit institutions) share the...more

Hogan Lovells

AI regulation in financial services in the EU and the UK: Governance and risk-management

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Artificial intelligence (AI) and machine learning (ML) technology have started to transform financial services and bring about new business opportunities, but with risks. AI governance should be adopted by financial...more

Lowenstein Sandler LLP

2020 and Q1 2021 Developments And Annual Compliance Checklists

Summaries of recent legislative and regulatory developments with respect to: •The SEC’s Examination Priorities for 2021- •The SEC’s Focus on Digital Asset Securities- •The SEC’s New Marketing Rule... ...more

Hogan Lovells

Financial institutions general regulatory news, March 2021

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UK FinTech: Kalifa Review final report - HM Treasury has published the final report on the review of the UK FinTech sector by Ron Kalifa OBE (the Kalifa Review). The Kalifa Review formally launched in July 2020 with...more

Orrick, Herrington & Sutcliffe LLP

Using M&A Insurance on Tech Deals (Issue 3): Fintech, edtech and healthtech/medtech

In our second issue, we looked at some focus areas for M&A insurers in the software/SaaS, internet telephony and on-demand sectors. In this note, we dig deeper into key underwriting topics for fintech, edtech and healthtech/...more

Skadden, Arps, Slate, Meagher & Flom LLP

Open Banking: Navigating the Emerging Regulatory Landscape

Open banking is an important driver of the fintech revolution. Regulators have recognised open banking as a means of introducing competition and innovation in the banking sector. Likewise, fintechs are seizing the...more

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden's 2020 Insights

Despite political and economic uncertainties, markets and deal activity were resilient in 2019, and strong fundamentals remain in place heading into 2020. Companies continue to face a challenging litigation and enforcement...more

Morgan Lewis

Contract Corner: Model Data Access Agreement to Foster Fintech Growth

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The Clearing House (the oldest banking association and payments company in the United States) recently released a model agreement as a voluntary starting point to facilitate data sharing between financial institutions and...more

Latham & Watkins LLP

Financial Institutions and the Cloud: How to Navigate an Evolving Regulatory Landscape

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Insights from Latham’s flagship event: Managing the risk and promise of digitisation in financial services. In a bid to keep pace with rapid advances in cloud adoption across financial services, regulators have published a...more

Hogan Lovells

Brexit: challenges and opportunities for FinTechs

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With Parliament prorogued and the Government suggesting it may ignore legislation obliging it to request a further Brexit extension from Brussels, it remains a possibility that the UK may leave the EU on 31 October 2019...more

Dorsey & Whitney LLP

Potentially Expanded Private Right of Action Increases Risk of Class Action Exposure Under the California Consumer Privacy Act

Dorsey & Whitney LLP on

Looking Back - the California Consumer Privacy Act, and How We Got Here - As companies were getting up-to-speed on the effects of the European Union’s General Data Protection Regulation (GDPR) last year, California quickly...more

White & Case LLP

Consumer financial services: The road ahead: Payment processing

White & Case LLP on

The CFPB continued to be active in the consumer payments space in 2018, while the Federal Reserve and market participants considered the future of payment processing, including the development of faster payment systems....more

Robinson & Cole LLP

Data Privacy + Cybersecurity Insider - January 2019 #4

Robinson & Cole LLP on

In its C-Suite Challenge 2019, The Conference Board surveyed more than 800 CEOs and some 600 other C-Suite executives around the globe, drawing primarily from the U.S., Asia, and Europe. ...more

Jones Day

Privacy and Cybersecurity Developments in Latin America

Jones Day on

The Situation: Latin American governments, business leaders, and legal advisors continue to address privacy and cybersecurity concerns. The Result: The development and implementation of privacy-focused regulations is a...more

Morrison & Foerster LLP

Financial Services Report – Summer 2018

BELTWAY - The Wayback Machine - Congress passed, and on May 24, 2018, the president signed into law, the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155). The law makes significant changes to...more

A&O Shearman

Key Regulatory Topics: Weekly Update - 16 February 2018 - 22 February 2018

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BREXIT - AFME FAQs on wholesale financial services contracts - On 19 February, AFME published a set of FAQs on how wholesale financial services contracts might be impacted by Brexit. The FAQs address operational impacts...more

WilmerHale

In Case You Missed It: Launch Links - January, 2018 #3

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Some interesting links we found across the web this week: The Ultimate Guide to Raising Venture Debt Funding for Startups Venture debt may be a timely tool to finance an acquisition or to raise growth capital, all while...more

A&O Shearman

Key Regulatory Topics: Weekly Update - 6 October 2017 – 12 October 2017

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BREXIT - Uncorrected evidence relating to Brexit from House of Lords Select Committee on European Union - On 12 October, the HoL Select Committee on the EU published an uncorrected transcript of oral evidence taken from...more

Latham & Watkins LLP

European Parliament’s Committee on Economic and Monetary Affairs Publishes Fintech Report

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On April 28th, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) published a report about Fintech and the influence of technology on the future of the financial sector. The report, prepared by Cora...more

Jones Day

Global Privacy & Cybersecurity Update Vol. 13

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On December 28, 2016, the New York Department of Financial Services ("DFS") released a revised version of a proposed regulation that would require banks, insurance companies, and other financial services institutions...more

Hogan Lovells

Expect the Unexpected: The Year Ahead for the Financial Institutions Sector

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With contributors across the sector and the globe, we've compiled a review of some of the developments that will affect financial institutions in 2017 and beyond. The one thing that 2016 taught us was to expect the...more

K&L Gates LLP

Impact of Brexit on UK FinTech

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In this insight we consider the current and potential effect of Brexit on the UK’s FinTech industry across areas including regulation and passporting, data sharing, anti-money laundering, human capital, the role of banks,...more

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