Friday, 7 April 2017

A Couple of New FinTech Resources: GW Survey of Money Transmission Laws and PWC Report

The George Washington University Center for Law, Economics, and Finance has published a helpful and accessible online fifty state survey of money transmission laws.  The aim of the product is to “lower the information costs for FinTech startups, investors, and academic researchers among many others.”  Thus, the website helpfully attempts to point out differences between the law of each state.  The site notes, “we hope this can serve as proof-of-concept for how state-based FinTech regulation can become more accessible while maintaining its biggest strength—adaptability.” 

And, in an article dated April 5, 2017, Bloomberg reports:

Almost 50 percent of financial services firms around the world plan to acquire fintech startups in the three to five years, according to a report Thursday by PricewaterhouseCoopers LLP. And eight out of 10 institutions foresee making strategic partnerships with peer-to-peer lenders, digital money transfer platforms, and myriad other firms that are reshaping the business of money.

The article suggests fear of loss of profits is the main motivation for acquisitions.  The PricewaterhouseCoopers report, Global Fintech Report 2017: Redrawing the Lines: Fintech's Growing Influence on Financial Services is available, here, and contains a lot of interesting information concerning the future and FinTech.  I have not seen an analysis of the IP landscape for FinTech yet.  Does anyone know of one? 

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