Welcome to Shearman & Sterling’s FinTech Insights, where we provide you with real time insight and key trends on the technological revolution that is transforming the financial services industry. Here you can find relevant information on the latest surrounding the regulatory framework, digital banking, blockchain, distributed ledger, cryptocurrencies, ICO’s and much more.
Distilling U.S. Regulatory Environment and Market Access Considerations for Growing FinTechs10/22/2019The rise of global FinTech has brought markets together and enabled cross-border business formation and innovation, but local regulations still prevail worldwide. The United States, with its developed capital markets, solid investor base and deep pool of talent within the finance and technology sectors, is a desirable location for FinTech businesses to expand or launch operations. But it’s also home to one of the most complex and sophisticated regulatory regimes in the world.
Shearman & Sterling’s Fintech Foundry, this week, launched Entering the U.S. Market: A Guide for Fintech Firms, a demystifying overview of the issues, regulations and resources that FinTechs from the United Kingdom and around the world will want to be aware of before they expand into the U.S.
Building a Data Business
10/7/2019Shearman & Sterling partners Emma Maconick, Nathan Greene and Barney Reynolds and counsel Sara Ashall discussed the business-planning considerations around building a data business at a recent roundtable event, moderated by Of Counsel Simon Dodds.
The amount of data available to institutions and its infusion into all aspects of business is one of the key developments of the past few years. Data brings with it a range of interesting and complex legal issues, including data ownership, data privacy and cyber. These issues are particularly challenging because they are novel, at least in the data context.
Celebrating the One-Year Anniversary of Shearman & Sterling’s FinTech Foundry09/24/2019It’s been a year since the launch of the FinTech Foundry, Shearman & Sterling’s program dedicated to supporting the FinTech-related activities of our clients and the wider global FinTech ecosystem. The FinTech Foundry touches upon every facet of the FinTech industry, including financial institutions, VCs, accelerators and incubators, startups, policymakers and more, and has put Shearman & Sterling at the forefront of advising on the latest developments in FinTech.
Over the last year, we have immersed ourselves in the FinTech ecosystem, and to commemorate the 12 months since our launch, we’ve put together a roundup of some of our industry observations and areas that our FinTech Foundry team has been watching, including those related to digital assets, open banking, big data, cybersecurity AI, challenger banks, regulatory sandboxes, antitrust, data privacy and more!
Developments in the Antitrust Enforcement of Online Platforms’ Use of Data
08/08/2019The economic value and utility of customer data has led to many technology companies devising successful business models on the basis of providing free access to their online platforms and services in return for access to their users’ personal data. Data has therefore become an important input for online services and thus a parameter for market competition in the digital economy.
Read this chapter in Shearman & Sterling’s 2019 Antitrust Annual Report, “Developments in the Antitrust Enforcement of Online Platforms’ Use of Data.”
Big Data: A Legal and Compliance Guide for Investment Managers
06/05/2019Partner Nathan Greene (New York-Investment Funds) authored an article titled, “Big Data: A Legal and Compliance Guide for Investment Managers” in the June edition of The Investment Lawyer. The article discusses legal and compliance issues facing investment managers relating to “big data,” as the data revolution reshapes fundamentally how investment managers deliver their services.
Read “Big Data: A Legal and Compliance Guide for Investment Managers.”