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Fintech

Year in Review 2018 and Year to Come 2019

Global Fintech Year in Review 2018 and Year to Come 2019

As part of Year in Review, Year to Come series, our global fintech team has contributed to a global fintech Year in Review and Year to Come. In this publication teams from 13 countries have summarised legal and commercial developments in the fintech space for 2018 and looked forward in predicting likely themes in 2019.

Find out more about our solutions-driven Fintech advice or explore below the top things we heard, watch our videos covering blockchain and data, and read our fintech-focused news and updates from around the world.

8 Fintech Predictions for 2019

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Looking from a global perspective we have identified 8 key predications for the year to come.

1

Further innovation and consolidation in the payments sector

There are few sectors that can claim to have changed as dramatically in the last few years as the payments sector. The pace of innovation, regulatory developments and technological advancement means that payments industry has faced unprecedented change, which has significantly altered the landscape of the industry and of the key participants operating within that sector. Ensuring payments businesses are able to meet future challenges and keep pace with developments in the payments world remains a key priority for those working in the sector.

2

More regulatory clarity around cryptocurrencies and digital tokens

There is specific concern around the potential for cryptoassets to cause harm to investors and market instability, which regulators will be looking to address. We expect greater regulatory clarify during 2019, but a key question will be the extent to which that regulatory action is coordinated effectively at a global level, or whether it leads to opportunities for regulatory arbitrage.

3

Focus on prevention of financial crime in fintech

Financial crime impacts financial services in the form of money laundering, terrorist financing, bribery and corruption, fraud and breach of sanction. Countering financial crime is moving up regulators’ agendas globally and we expect that this will be a key focus for 2019. In terms of the tools available to banks enhanced anti-money laundering monitoring has been suggested as one of the most impactful use cases for AI in the financial services sector.

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