ARTICLE
25 August 2017

Fintech And The Isle Of Man

A
Appleby

Contributor

Appleby is one of the world’s leading offshore law firms, operating in 10 highly regarded and well-regulated locations. We provide comprehensive, expert advice and services across a number of key practice areas. We work with our clients to achieve practical solutions whether from a single location or across multiple jurisdictions.
E-Business encapsulates a number of sectors including e-gaming, which is well known to most readers, and Fintech.
Isle of Man Wealth Management

E-Business is a thriving sector in the Isle of Man and is the Island's fastest growing sector, contributing to approximately 28% of GDP according to the Department of Economic Development. E-Business encapsulates a number of sectors including e-gaming, which is well known to most readers, and Fintech.

What is Fintech?

"Fintech" is a sub-sector of the eBusiness sector and stands for Financial Technologies; that is, technologies used in the financial services sector. The Isle of Man has shown great enthusiasm for the Fintech sector and the development of Fintech products.

The established finance and e-gaming sectors, along with the technical infrastructure, have made the Fintech market a natural fit in the Island. Government has quickly established regulatory and fiscal control, processes and procedures to allow Fintech businesses to establish on the Island while providing necessary protection for both businesses and customers.

You can read more about the regulatory position in the Isle of Man, crowdfunding and start-ups in the full version of this article below.

Read more 

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More