In recent years, there has been significant and ground-breaking innovation in the financial sector, causing its transformation: new business models, applications, processes or products. These are materially affecting financial markets and institutions and are changing the nature of the provision of financial services. The pandemic has further accelerated digital transformation in finance. Europe is one of the leading regions for fintech. 2021 was a record-breaking year for venture capital exits for European fintech companies and we now have some of the world's leading fintech unicorns.
I really enjoyed hearing insights on the key legal and regulatory challenges facing the fintech sector from our speakers Dr Despina Chatzimanoli, LL.M. (Lond) (European Banking Authority), Alexis Alexander (General Counsel, Liberis), Ruta Merkeviciute (European Banking Authority), and Sarah Williams (Senior Associate, Financial Services, Baker McKenzie) this week at our SCL - Society for Computers and Law Women in Tech Law Future of Fintech event.
If you missed it, you can catch-up with the recording here. https://www.scl.org/podcasts/12565-scl-women-in-tech-law-group-webinar-the-future-of-fintech
In this event, the SCL Women in Tech Law Group put together a panel of UK and EU legal experts to discuss what they are seeing in the fintech sector and where it's headed, the challenges fintech raises for policy-makers, the role of law in reconciling the fostering of innovation with the achievement of other regulatory objectives and how lawyers advising clients in this space can best navigate the fast moving regulatory landscape.