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The Exportation Game: Why “Where?” Matters To FinTech

by 4 Mins Read

Political and military interest in cryptography is nothing new, but international controls on the sharing and export of information security technology is an ever more pressing concern for businesses.Ciphers have been used to obfuscate sensitive messages as far back as Julius Caesar, but cryptography’s importance for national security really grew following the decryption of Enigma and Lorenz. Today, robust cryptography is fundamental to meeting the demands of customers and governments. Businesses are heavily exposed to…

In FinTech

Japan – Digital currencies update

by 3 Mins Read

1. Global contextAs noted in the IMF’s “Virtual Currencies and Beyond: Initial Considerations” report released in January 2016: “[Virtual currencies (VCs)] offer many potential benefits, including greater speed and efficiency in making payments and transfers – particularly across borders – and ultimately promoting financial inclusion… At the same time, VCs pose considerable risks as potential vehicles for money laundering, terrorist financing, tax evasion and fraud.”Regulators around the world have begun to focus on this issue…

In FinTech

Emerging Regulatory Framework Of FinTech In The U.S.

by 4 Mins Read

There has been unprecedented growth in the FinTech industry, with investment in the sector estimated to be upwards of $19 Billion in 2015. Technology companies have achieved success in the mobile payment space, while peer-to-peer lenders have services challenging traditional bank loans. Tech companies are starting to offer blockchain and similar distributed ledger products that challenge the role of settlement intermediaries. Not to be outdone, bank and other financial institutions have moved aggressively into FinTech…

In FinTech

“Modelo Perú”: An Innovative Project For Financial Inclusion

by 3 Mins Read

In recent years, many Latin American countries have issued regulations that promote the financial inclusion of citizens who do not have access to the financial system. However, each country has adopted a different approach.LatAm approaches to promoting financial inclusionBy way of example, Chile has promoted the use of a simplified bank account that can be opened easily and users only pay for the transactions they carry out. Brazil enacted a legal framework allowing micro insurances…

In FinTech

Ghosts In The Machine: Artificial Intelligence – Regulatory Risk

by 4 Mins Read

Part of the Ghosts in the Machine b:INFORM SeriesArtificial Intelligence – Regulatory RiskIn this article forming part of our b:INFORM Ghosts in the Machine Series , we analyse the survey findings relating to regulatory risks arising from the use of Artificial Intelligence (“AI”) in financial markets and institutions. Click here for our article analysing the survey findings relating to legal risks arising from the use of Artificial Intelligence. And you are welcome to visit our Ghosts in…

In FinTech

Ghosts In The Machine: Artificial Intelligence – Legal Risk

by 4 Mins Read

Part of the Ghosts in the Machine b:INFORM SeriesArtificial Intelligence – Legal RiskIn this article forming part of our b:INFORM Ghosts in the Machine Series, we analyse the survey findings relating to legal risks arising from the use of Artificial Intelligence (“AI”) in financial markets and institutions. Click here for our article analysing the survey findings relating to regulatory risks arising from the use of AI. And you are welcome to visit our Ghosts in the Machine…

In FinTech

Ghosts In The Machine: Artificial Intelligence, Risks And Regulation In Financial Markets

by 3 Mins Read

Part of the Ghosts in the Machine b:INFORM SeriesGhosts in the Machine: Artificial Intelligence – Legal Risk Ghosts in the Machine: Artificial Intelligence – Regulatory RiskRisky relationship between AI and data privacyWelcome to our b:INFORM series exploring the rise of Artificial Intelligence (“AI”) in financial markets and institutions. This series is based on a survey undertaken by Baker & McKenzie and EuroMoney Institutional Investor Thought Leadership (together “we”) between December 2015 and February 2016.What is…