Multilaw, a global network of law firms, has released a global fintech guide to provide financial technology companies with information on relevant legal and economic conditions under which their services can be provided.
The free-to-access guide, aimed at those wanting either to start a fintech business in a local market or are considering expansion abroad, covers 14 different business areas.
These include payment services, distributed ledger technology (DLT) and cryptocurrencies, regtech, insurtech, robo-advisory, online banking and crowdfunding across 38 countries.
Andreas Walter, partner at Schalast in Germany, says: “We are optimistic that fintech’s level of integration in daily life will continue to increase, not in spite of today’s challenges but because of them and those we expect to see in the near future.
“Foundational changes are underway in the realm of finance, and the transformation to more easily accessible and customer-friendly financial services is necessary and inevitable despite constant changes to the legal and economic framework.”
Since the last version of the Multilaw fintech guide was published in 2018, there has been significant changes not only in fintech but the world at large.
“Although blockchain technology in its very nature is a technology that transcends borders, it implicates regulations in every region that it touches, making this guide all the more important,” notes Stephen Rutenberg, co-chair of the blockchain and fintech group at Polsinelli, the US author for the guide.
2022 Multilaw Global FinTech Guide, aimed at all participants in the fintech environment, including founders, investors and advisors to other stakeholders in the industry, can be viewed online here.
Multilaw is also running a webinar on Thursday 10 November at 3.00pm entitled Cryptocurrency and Blockchain: When do the benefits outweigh the risks? where legal experts will discuss the development of cryptocurrency and blockchain usage in their jurisdictions.