Fintech Focus 2020

  • DLT and blockchain framework is set for change

    A new set of rules applicable to DLT and blockchain-related business activities could come into force by 2021. Daniel Haeberli and Urs Meier of Homburger dig into key aspects of the existing and potential future Swiss regulatory framework

  • Will public and private payment systems coexist?

    Wendy Saunders, Clive Cunningham and Richard Woods of Herbert Smith Freehills explore stablecoins and how they may influence fintech regulation

  • Fintech market enters a new stage of maturity

    Fintech is gearing up, shifting away from the start-up world to mature big ticket transactions. Richard Woods, Clive Cunningham and Wendy Saunders of Herbert Smith Freehills review macro-developments in Europe

  • Slovenia’s fintech ambitions risk falling short for lack of regulation

    Uroš Cop of Miro Senica overviews the regulatory environment for fintechs in Slovenia, a jurisdiction that has been touted as a European fintech hub

  • Switzerland: new framework for cryptoassets

    In March 2019, the Swiss federal government published a draft law on distributed ledger technology (DLT Draft Law). The proposed rules aim to improve the legal framework for cryptoassets and DLT-based applications. Stefan Kramer and Urs Meier of Homburger take a look

  • Japan: financial instruments businesses

    Akimoto Kawamura of Atsumi & Sakai examines Japan’s legal registration requirements for high frequency traders, investment managers and investment advisors that use fintech in Japan

  • Japan: Redefining the playing field

    In 2019 the diet passed a bill that proposes to overhaul parts of the cryptoasset regulatory framework and revisit definitions of key terms, such as ‘virtual currency’. Takafumi Ochiai of Atsumi & Sakai investigates

  • Japan: sandbox reform

    Japan’s regulatory sandbox was launched in June 2018 and is a cornerstone of the country’s efforts to promote fintech. Ryosuke Oue of Atsumi & Sakai reviews the progress so far

  • Japan: revamping data rules for a fintech world

    In March 2019, the Financial Services Agency of Japan (FSA) proposed a bill that may loosen data sharing rules for fintech and insurtech subsidiaries. Naoki Kanehisa of Atsumi & Sakai investigates

  • EMEA: taming the Wild West

    Anna Biala, Peter Chapman, Jack Hardman and Jennifer Mbaluto from Clifford Chance’s global fintech group take a bird’s eye view of fintech developments across EMEA and how regulators are responding

  • APAC’s catapult into the digital economy

    Urszula McCormack of King & Wood Mallesons introduces the 2019 Asia-Pacific Fintech Special Focus with a region-wide look at trends

  • Hong Kong SAR: towards a new ecosystem

    Hong Kong SAR has made significant efforts to remain a pioneering testing ground for fintech in the APAC region. King & Wood Mallesons' Urszula McCormack examines the market’s recent developments

  • Southeast Asia: where disruption meets regulation

    Jake Robson, Gordon Milner and Nick Davies from Morrison & Foerster discuss cross-border regulatory challenges and how fintechs can plot a path of compliance

  • South Korea: unpacking the sandbox

    Chan Sik Ahn, Dongjin Lee and Sunmin Choi from HMP Law evaluate Korea’s new regulatory sandbox and the SAAFI law that underpins it

  • South Korea: operating in a void

    Joon Young Kim, Seung Jae Yoo and Bomi Chen of Kim & Chang provide a detailed guide on cryptocurrency compliance where cryptocurrencies are not formally recognised in regulation

  • South Korea: uncertain crypto-prospects

    Jongsoo Yoon and Gidon Nam from Lee & Ko look at the evolution of cryptoassets in Korea and future prospects for asset-backed tokenisation

  • South Korea: a step too far?

    Soonghee Lee, Bo Hyun Lee and Jae Ryun Cho of Yoon & Yang discuss the consequences of imposing costly AML and CDD obligations on fintech companies

  • Japan: a fresh dose of promotion

    Atsumi & Sakai partners Yuri Suzuki, Takafumi Ochiai, Ryosuke Oue, Naoki Kanehisa and Kenichi Tanizaki examine Japan’s regulatory repositioning on fintech in the wake of crypto- thefts

  • Kenya: lost in transit

    John Syekei, Eddah Kiai and Rose Njeru from Bowmans analyse the security and data handling issues that impact fintech activity in Kenya

  • Poland: open banking – when will it start?

    Marcin Olechowski and Wojciech Iwanski of Soltysinski Kawecki & Szlezak dive into the legal uncertainty surrounding the launch date for open banking in Poland

  • South Africa: stepping up a gear

    Bowmans' David Geral, Bright Tibane, Yehuda Rabinowitz and Wandile Mantanga look at South Africa's newly ramped-up approach to cryptoassets

  • Switzerland: a licence for the future?

    Daniel Flühmann and Peter Hsu of Bär & Karrer unwrap the new Swiss fintech licence and test its implications at a macro and micro level

  • Switzerland: the dawn of crypto-linked ETPs

    Daniel Haeberli and Benjamin Leisinger, partners at Homburger, look at how the cryptoasset class has been thrown open to institutional investors

  • Switzerland: getting to grips with blockchain

    Thomas Müller and Hugh Reeves of Walder Wyss explore blockchain and the new more stringent approach being taken by Swiss regulators

  • Uganda: forget the naysayers

    Brian Kalule and Brian Manyire of Bowmans take a look at the Ugandan fintech environment how fintech may drive more business through traditional banks

  • UK: AI and risk for financial institutions

    Kate Scott of Clifford Chance considers the risks that AI use could expose financial institutions to, and what steps can be taken to avoid getting burnt

  • Japan: green light for information banking

    Japan’s regulatory regime is keeping pace with the growing interest in information banking. Recent amendments will enhance customer experience, writes Kenichi Tanizaki of Atsumi & Sakai

  • Japan: stablecoins and their promises

    Stablecoins are full of promise and offer answers to many of the shortcomings of dominant but volatile virtual currencies, writes Ryosuke Oue of Atsumi & Sakai

  • Japan: Financial institutions and fintechs must prioritise KYC, AML and CFT

    KYC, AML and CFT will take centre stage again in Japan as legal changes strive to strengthen safeguards, writes Takafumi Ochiai of Atsumi & Sakai

  • Japan: Cryptoasset businesses to face tougher registration requirements

    Japan has pushed through important reforms to the regulatory framework for cryptoasset businesses which will force existing market players to re-register within six months. Akimoto Kawamura of Atsumi & Sakai takes a look

  • Japan: 2020 strategy paper promises fintech boost

    Naoki Kanehisa of Atsumi & Sakai gives the inside track on the Financial Services Agency of Japan’s policy priorities for 2020 and its hopes for digitalisation