ARTICLE
26 February 2016

Ground-Breaking FinTech Initiatives In Guernsey And More In The Pipeline

O
Ogier

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Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.
Ground-breaking FinTech initiatives already exist in Guernsey and more are in the pipeline, delegates at a GIFA Funds Academy session heard this week.
Jersey Finance and Banking

Ground-breaking FinTech initiatives already exist in Guernsey and more are in the pipeline, delegates at a GIFA Funds Academy session heard this week.

Among them was Ogier's Frances Watson, a partner in Ogier's Guernsey corporate team.

"FinTech (Financial Technology) isn't just an asset class, it's a whole new area for growth within the financial services space," she said.

"The list of ground-breaking FinTech initiatives which already exist in Guernsey is breathtaking – from Elian's ID solution and PWC's Alderney-based KYC centre of excellence, to Dorey Financial modelling.

"Other initiatives to maintain the Island's reputation as an innovative yet secure place to do business, such as the development of a cyber security certification standard, were interesting to hear about."

Insights from this FinTech Academy session aimed to demystify the jargon and bring FinTech to life, from the ways in which technology can enhance a business, as well as new businesses entering the market and how they are going to disrupt the way in which traditional businesses operate.

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