Multilaw releases International FinTech Guide



Real Estate
Multilaw has today released the ‘International FinTech Guide’ which provides the legal and economic conditions for FinTech businesses across more than 20 different countries. The practical guide covers 15 different FinTech business areas including Virtual Currencies, ICOs, RegTech, InsurTech, Robo-Advisory, Online Banking and Crowdfunding.

Each chapter presents a quick introduction and a legal and economic overview for every participating country showing whether the business area is regulated, whether a licence is needed and how hard the legal compliance and the economic competition is considered in the respective jurisdiction. The overview is followed by a more in-depth description for every country. 

“As the banking and financial services industry continues to be revolutionised by FinTech, it is becoming increasingly clear that the industry is set to be disrupted on a scale which has never been seen before. Fintech applications that are already ubiquitous today – online banking, mobile payment, cryptocurrency, ICOs etc. – were unheard of even a decade ago, and the rate of innovation is accelerating at a dizzying pace. It is therefore vital for legal practitioners and their clients to have a grasp of the regulatory frameworks governing these inherently global technologies as they emerge. said Piyanuj (Lui) Ratprasatporn, Partner, Tilleke & Gibbins, Thailand and current Multilaw Chair. “This ambitious volume provides an easy-to-read overview of the barriers that you may face in different jurisdictions. As one of the world’s leading networks of independent law firms, with 90 member firms in more than 100 countries, Multilaw is ideally placed to produce this resource, and member firms around the world have already contributed skilfully and enthusiastically.”

Andreas Walter, Partner at Schalast, Germany and Chair of Multilaw Banking & Finance Practice Group, led the initiative and commented “This guide has been designed to give companies, credit and financial institutions a quick overview of the relevant legal and economic conditions under which FinTech services can be provided globally and will prove valuable for your business, both if you want to start a FinTech business in your local market and if you want to expand your business abroad.” 

Multilaw International FinTech Guide:

Full 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)

About Multilaw
Founded in 1990 and headquartered in London, Multilaw is a global network of independent law firms, with 90 member firms operating in more than 100 countries. Multilaw’s mission is to assist and support its member firms so that they can provide a better service to their clients, generate new business and develop and improve their practices.

For the fourth year in a row, we have been ranked in the “Elite” band of global networks by the 2018 Chambers Global Guide. Multilaw was also awarded the title ‘Global Network of the Year’ by the Lawyer publication in 2017.

Member firms are carefully chosen with a comprehensive due diligence process to ensure that prospective firms meet strict joining criteria and can service the full needs of the typical international business client before being admitted as a member. Existing member firms are also subject to a rigorous appraisal process every three years to ensure that they continue to be the best fit for their jurisdictions.