The Fintech Files: Payments and Crypto
Box Set: Part Four - Demystifying open banking regulations
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 Four: “Everything you wanted to know about Open Banking - but were afraid to ask”
Meera Ragha (Senior Associate) and Laura Douglas (Senior Associate) demystify Open Banking by providing an overview of its emergence since 2018 and the hurdles surrounding it.
Meera and Laura look at the key legal and regulatory watch-outs if you’re operating in the Open Banking space, and their perspective on how the market is likely to develop in the future.