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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