Mayer Brown is pleased to present The ABC of
Fintech: Acquisitions, Brexit and Collaboration, in
association with Mergermarket.
The financial services sector has always been at the forefront
of innovation, from new products and services to developing new
markets and harnessing new technologies. The emergence of fintech
presents interesting and potentially long-lasting
The study, which canvassed the opinions of 120 senior executives
at UK-headquartered financial services and fintech companies, looks
at how the two are planning to work together in the coming years,
and whether regulation and geopolitical volatility will hold them
Key highlights include:
Financial services and fintech firms are set to become
close friends in the next three years: 49% of financial
services firms say they expect to engage in a joint venture with a
fintech firm in the next three years, while 26% say they expect to
acquire a fintech firm over the same period. And 100% of financial
services respondents expect to purchase a product or commission
work from a fintech company over the next three years.
Most financial services and fintech firms favour some
form of self-regulation: 60% of fintech respondents say a
self-regulated environment with limited regulatory oversight is
ideal, while 76% of financial services respondents think clear
regulatory oversight with some self-regulation is best. 33% of
respondents say Germany is the European country with regulation
most conducive to growth in the fintech industry while 31% point to
Brexit is causing some uncertainty in fintech and making
it difficult to find the right talent: there are signs of
growing pessimism about the Brexit effect in the report, with 60%
of financial services and 76% of fintech respondents believing this
uncertainty will slow down the development of the fintech market.
78% of fintech and 76% of financial services respondents say
attracting and retaining talented employees from the EU has become
more difficult since the referendum.
The ABC of Fintech forms part of Mayer Brown's
focus on the digitisation of business called
Lexicon of Next, which provides a focal
point for businesses seeking to understand how their opportunities
and risks are changing in a transformed business world.
Mayer Brown is a global legal services provider
comprising legal practices that are separate entities (the
"Mayer Brown Practices"). The Mayer Brown Practices are:
Mayer Brown LLP and Mayer Brown Europe – Brussels LLP, both
limited liability partnerships established in Illinois USA; Mayer
Brown International LLP, a limited liability partnership
incorporated in England and Wales (authorized and regulated by the
Solicitors Regulation Authority and registered in England and Wales
number OC 303359); Mayer Brown, a SELAS established in France;
Mayer Brown JSM, a Hong Kong partnership and its associated
entities in Asia; and Tauil & Chequer Advogados, a Brazilian
law partnership with which Mayer Brown is associated. "Mayer
Brown" and the Mayer Brown logo are the trademarks of the
Mayer Brown Practices in their respective
Mayer Brown article provides information and comments on legal
issues and developments of interest. The foregoing is not a
comprehensive treatment of the subject matter covered and is not
intended to provide legal advice. Readers should seek specific
legal advice before taking any action with respect to the matters
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Writing in the Economist newspaper on 8 October 2016, US President Barack Obama called out artificial intelligence (AI) as one of several areas where ‘in recent years we have seen incredible technological advances'.
The blockchain is fast becoming a symbol of the fourth industrial revolution. After steam, electricity and computing, this is the term coined by Davos founder Klaus Schwab for the deep digital transformation that Schwab says is now upon us.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).