Legal framework for fintechs in Germany
2nd edition of “The Financial Technology Law Review” published
The importance of fintechs for the financial sector is becoming increasingly evident. While fintechs’ business models are evolving dynamically as technical innovation progresses, regulatory structures are still largely geared towards traditional financial institutions. However, we are now seeing the beginnings of a legal framework which specially covers typical fintech services, for instance in the area of money laundering prevention. One of our partners, Jens H. Kunz, took a closer look at some of the main regulatory topics and new developments in the legal framework for fintechs in Germany in the second issue of the Financial Technology Law Review, published in May 2019. His article focuses especially on financial regulatory requirements regarding licences for typical fintech business models and the rules on offering associated services. In the process, he discusses topical issues such as cryptocurrencies and initial coin offerings (ICOs). The article should be of interest not only to German companies but also to foreign companies thinking of entering the German market, for example as regards regulatory requirements when offering cross-border services to German customers.
You can find the link to the complete article here: The Financial Technology Law Review
Do you have questions? Please contact: Dr. Jens H. Kunz
Practice Groups: Financial Services Regulation, Fintech, Banking & Finance