The Fintech Files: Payments and Crypto
Box Set: Part Two - Protecting customers’ money
29 July 2021
Fintech is on fire. In the first half of 2021 alone, UK fintechs raised $5.7bn of venture capital investment. Revolut raised $800m at a £24bn valuation in July 2021, making it the UK’s most valuable fintech, while Wise completed the first direct listing of shares on the London Stock Exchange, at a $11bn valuation. Meanwhile, longer established financial institutions continue to develop their own fintech products, and look acquisitively at smaller startups.
But alongside the growth and excitement comes a constantly evolving regulatory environment, and legal ambiguity.
We teamed up with Crafty Counsel to go deep on fintech in the UK, focusing on the fast-growing payments and crypto markets. What keeps clients awake at night? What are the big market trends? What are the regulators thinking?
Each video tackles one aspect of the fintech legal environment that is relevant right now, focusing on the practicalities and market intelligence.
Video Two: “Protecting customers’ money - the lowdown on Safeguarding in the Payments space”
A string of high profile insolvencies in the European Payments space has put safeguarding of customer monies firmly on the agenda. But, what is safeguarding? Who do the rules apply to? And, what can we expect to see from the regulators in the near future?
Simon Crown (Partner), Diego Ballon Ossio (Senior Associate) and Meera Ragha (Senior Associate) give us the lowdown.