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Digital Services Financial Services Industry

K2 Integrity

Why Traditional Banks Keep Failing At Fintech

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Yet another bank-led fintech venture has shut down within a year of its launch. HSBC’s Zing, a payments app, failed to gain traction beyond its initial market and was discontinued. Despite ambitious plans to expand across two...more

Fenwick & West LLP

Consumer Financial Protection Bureau (CFPB) Final Rule Expands Oversight to Larger Digital Payment App Providers

Fenwick & West LLP on

Section 1024 of the Dodd-Frank Act of 2010 authorizes the Consumer Financial Protection Bureau (CFPB) to define markets for consumer financial products and services and supervise the larger participants within those markets...more

Goodwin

EU Commission Regulations on Digital Operational Resilience: A Reminder That DORA is Less Than Three Months Away and Will Apply to...

Goodwin on

The European Commission’s adoption on 23 October 2024 of the two regulations (Regulations) supplementing the [the Regulation on digital operational resilience for the financial sector Publications Office (europa.eu)] (DORA)...more

K&L Gates LLP

Brussels Regulatory Brief: May 2024

K&L Gates LLP on

Antitrust and Competition - The European Commission Approves Plan to Unwind a Completed Transaction in the Early Cancer Detection Sector - On 12 April 2024, the European Commission (Commission) approved the plan to unwind a...more

K&L Gates LLP

Brussels Regulatory Brief: Winter 2023-2024

K&L Gates LLP on

Antitrust and Competition - The European Court of Justice Held Rules Set by Sports Governing Bodies Must Comply With EU Competition Law - On 21 December 2023, the European Court of Justice (ECJ) held in a preliminary ruling...more

K&L Gates LLP

Brussels Regulatory Brief: December 2022

K&L Gates LLP on

ANTITRUST AND COMPETITION - EU Foreign Subsidies Regulation Expected to Enter into Force by Mid-2023 - On 28 November 2022, the Council of the European Union adopted the Foreign Subsidies Regulation (FSR), which granted the...more

Orrick, Herrington & Sutcliffe LLP

L’application du Règlement P2B et du DSA aux relations entre intermédiaires et utilisateurs professionnels

Ce qui change : le Digital Services Act (Règlement (UE) 2022/2065, « DSA ») est entré en vigueur le 16 novembre 2022 et sera applicable à compter du 17 Février 2024. Le champ d’application de cette règlementation est...more

Wiley Rein LLP

Tech and Telecom Stakeholders at #MWC22 Discuss Industry Collaboration Against Rising Financial Fraud

Wiley Rein LLP on

Businesses delivering digital products and services surged during the onset of the COVID-19 pandemic when people increasingly turned to online options for healthcare, financial products and services, retail, and more....more

Sheppard Mullin Richter & Hampton LLP

Digital Asset Policy: Aspirations, Reality and Regulation

In October 2021, San Francisco crypto currency exchange Coinbase made waves after releasing a proposed regulatory framework for digital assets entitled Digital Asset Policy Proposal: Safeguarding America’s Financial...more

White & Case LLP

Sector trends - July 2022: Stock Exchanges/Trading Venues

White & Case LLP on

UK & European Financial Services M&A: Sector trends H2 2021 | H1 2022 — Stock Exchanges/Trading Venues - Europe's FMI goes digital—data analytics, capital markets solutions, RegTech and DLT-based tech acquisitions feed the...more

Latham & Watkins LLP

Responsible Financial Innovation Act Offers Clarity, Safeguards for Digital Assets - Consumer Protection and State Money...

Latham & Watkins LLP on

The RFIA would define consumer protection standards for digital assets and introduce new requirements regarding digital asset use in interstate money transfers. Latham & Watkins presents a blog series on the Responsible...more

McDermott Will & Emery

Belgian Competition Authority Publishes Its Notice On Enforcement Priorities For 2022

McDermott Will & Emery on

On May 16, 2022, the Belgian Competition Authority (BCA) published its long-awaited notice on enforcement priorities for 2022 (Notice). The BCA explains that, with a view to making the best use of its resources, it will...more

White & Case LLP

Fintech solutions for the financial services sector

White & Case LLP on

Challenges and opportunities in the US, UK and Europe - "Many Fintechs that previously avoided bank-like regulation in the US are now actively seeking that status." The digital revolution was well underway long before most...more

Hogan Lovells

Non-fungible tokens: NFTs and the silence of the EU legislator

Hogan Lovells on

You might expect that the European Commission, eager to act as an innovative regulator, to have non-fungible tokens, NFTs, firmly on their radar and to have dedicated a relevant part of its regulation for cryptoassets, MiCA,...more

Hogan Lovells

Cryptoassets and artificial intelligence in EU regulation - FinTech Perspectives

Hogan Lovells on

As in other fields of digital transformation, the EU Commission wants to set a standard with its draft regulations for both cryptoassets, and artificial intelligence. But is it ready for the challenge? Both technologies will...more

Hogan Lovells

PIX Launch

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After the creation of a Brazilian instantaneous payment method earlier this year (“PIX”), on November 16, 2020, the Central Bank of Brazil (“BCB”) officially launched its new digital transfer and payment platform. The purpose...more

Ballard Spahr LLP

Senate Banking Committee to hold June 30 hearing on digitization of money and payments

Ballard Spahr LLP on

The Senate Banking Committee will hold a hearing today, June 30, titled, “The Digitization of Money and Payments.”...more

Ballard Spahr LLP

OCC Seeking Comments In Connection With Review Of Regulations On National Bank And Federal Savings Association Electronic...

Ballard Spahr LLP on

The OCC has issued an Advance Notice of Proposed Rulemaking (ANPR) seeking comments in connection with a comprehensive review of its regulations on electronic activities of national banks (12 CFR part 7, subpart E) and...more

Polsinelli

Welcome to the Future - OCC to Examine Evolution of Digital Banking

Polsinelli on

The Office of the Comptroller of the Currency (OCC) will seek public comments on the evolution of financial services, including the regulatory framework that enables banks to adapt to technology advancements in the financial...more

Hogan Lovells

UK FCA publishes annual Sector Views report

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The UK Financial Conduct Authority (FCA) has published Sector Views, its annual report examining how each financial sector is performing....more

A&O Shearman

European Commission Publishes 2020 Work Programme

A&O Shearman on

The European Commission has published its 2020 Work Programme, setting out the EU’s strategic priorities for the next 12 months. Key areas of focus include...more

Sheppard Mullin Richter & Hampton LLP

Modernizing NAFTA: The United States-Mexico-Canada Trade Agreement

On January 16, 2020, the United States Senate voted by an overwhelming majority to pass the implementing legislation for the United States-Mexico-Canada Trade Agreement (USMCA) after months of tense negotiations with...more

Hogan Lovells

OJK regulates digital banking services

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The Indonesian Financial Services Authority (the OJK) will now manage the provisions of digital banking services by commercial banks through its recently issued regulation POJK 12/2018, effective 8 August 2018. POJK 12/2018...more

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