Canada    FinTech Guide    Chapter 9    Spain


9. Analytics and Research / Data Management / Risk Management
AAA  Spain

The market for Analytics and Research as well as data and risk management is an emerging and fast-growing one. It is probably currently the most dynamic Fintech market in Spain, especially within the large companies.



Legal Affairs


Under Spanish law, data and risk management or analytic and research services do not require a license or an authorisation however the data protection regulation has to be complied with as it plays an important role in this type of Fintech company. The relevant regulation is the EU General Data Protection Regulation (“GDPR”), which entered into force in Spain on 25 May 2018, and the Spanish Law 15/1999, of December 13, on Personal Data Protection that regulates the processing of personal data. Data processing means any operation or procedure (whether automated or not) for the collection, recording, storage, elaboration, modification, blocking or erasure of data. It also includes disclosure of data resulting from communications, queries, interconnections or transfers. Compliance with and enforcement of Spanish Data Protection law is managed by the Spanish Data Protection Agency.



Economic Conditions


The market for Analytics and Research as well as data and risk management is an emerging and fast-growing market.



Miscellaneous


FinTechs to consider are Synergic Partners, Geoblink, Carto and Imath Research.



Contributing Authors

Ventura Garcés & López-Ibor

Claudi Garcés
Barcelona, Spain


Alfonso López-Ibor
Madrid, Spain

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Chapter Index:


1. Payment Services / Mobile Payment

2. Asset and Portfolio Management

3. Consulting and Broking Services / Robo-advisory / Auto-trading

4. Trading Platforms / Social Trading Platforms / Signal Following

5. Crowdfunding / Crowdinvesting / Crowdlending

6. Virtual Currency - Bitcoin

7. Loan Services / Factoring / Loan Broking / Finetrading

8. Online Banking Services

9. Analytics and Research / Data Management / Risk Management

10. Accounting

11. Identification

12. Online-pawning

13. InsurTech

14. RegTech

15. Initial Coin Offerings (ICOs)

Disclaimer:
The information in this guide provides a general overview at the time of publication and is not intended to be a comprehensive review of all legal developments nor should it be taken as opinion or legal advice on the matters covered. It is for general information purposes only and readers should take legal advice from a Multilaw member firm.

Publication Date: 1 May 2018