FinTech Committee
The FinTech Committee is a newly launched ITechLaw Substantive Law Committee as of 2023. The mission and goals of the FinTech Committee are to facilitate the understanding, development, and advancement of legal frameworks and practices related to financial technology (fintech) on a global scale, to foster collaboration among legal professionals, industry experts, and policymakers to address the legal challenges and opportunities posed by fintech innovations, to share knowledge and to disseminate information regarding fintech legal issues, emerging technologies, and regulatory developments among committee members and the wider legal community, to monitor and analyze fintech-related regulations and legislation worldwide, to monitor and analyze the legal implications of emerging technologies in the fintech space, such as blockchain, cryptocurrencies, artificial intelligence, machine learning or digital identity, to provide guidance on legal and regulatory considerations and to address legal challenges associated with cross-border fintech transactions.
Fintech revenues worldwide in 2018 amounted to 92 billion euros. According to the forecast presented by Statista, the sector’s revenue was expected to grow at an average rate of nearly 12 percent in the following years and reach a value 188 billion euros by 2024
FinTech is one of the most challenging areas of broadly called technology law; it concerns regulations relating to financial law, data protection, artificial intelligence, e-commerce, cyber security, and many others.
The creation of a FinTech Committee could address many of those challenges and bring more educational content to be shared at conferences or online with benefits for the members of ITechLaw.
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