FinTech Stories by Taylor Wessing

In recent years, boosted by the changing consumer habits in the wake of the COVID-19 pandemic, the e-commerce sector has experienced an exponential growth. This new environment has created a particularly fertile breeding ground for the rapid emergence of a new consumer financing model that is getting ever more popular, the so-called Buy-Now-Pay-Later (BNPL). By providing customers with the flexibility, to pay for goods purchased online in several interest-free instalments, BNPL has quickly become one of the fastest growing payment methods in many countries around the world.

In the coming years, the BNPL market is expected to continue its growth...

End of 2022, the rapid emergence of generative artificial intelligence (AI) based systems, has sent the shockwaves around the world. Potential benefits that the use of this technology could bring to the companies in various industries have started catching eyeballs of the members of the c-suite of top global companies that have slowly but surely moved up the AI to the top of their agenda. The financial services industry, that has been increasingly experimenting with the use of the automated systems for the provision of various financial services for the better part of the last decade, did not stay immune...

In 2024, we are about to witness finalization of some key pieces of EU financial regulation that will in many ways reshape the regulatory landscape in the EU. By delivering on the EU Commission’s promises laid out in the Digital Finance Strategy and the Retail Payments Strategy published in September 2020, the EU lawmakers are expected to finalise a number of important legislative proposals. As these proposals move closer to their final phase, stakeholders across the financial services industry and the fintech ecosystem are closely monitoring their progress, recognizing the potential impact on business operations, market dynamics, and regulatory compliance....

Last year was everything but an easy one for the fintech sector across the globe that had to weather a storm marked by a fragile fundraising environment, increased geopolitical uncertainty, weak economic results and the looming spectre of recession. As we move further into 2024, the fintech landscape in the European Union is poised for a dynamic, more optimistic and more regulatory driven period ahead.
In our new 2024 FinTech Outlook, that is comprised of two episodes, we will take a look at some key trends and developments that will be of importance for the fintech industry in 2024 from...