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.
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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
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Last year proved a turbulent year for the FinTech sector. Although the industry continued to boom, the Brexit vote and the election of Donald Trump seem to have caused many investors to pause and reconsider investing in Europe and North America.
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