ICT AND FINANCIAL SERVICES
Fintech companies stand out for making intensive use of technology within the financial sector. Combining these two sectors provides added value but puts into play a complex regulatory framework.
For example, any innovative company must respect commercial regulations, which affect fair competition, advertising, and the protection of consumers and users. Besides, when operating online you need to respect electronic commerce regulations and personal data protection.
The financial sector regulations must be also considered part of these issues. Community regulations such as PSD2 are crucial, as equally important are the laws on money-laundering prevention, terrorist financing, and the authorizations of the CNMV.
In short, the fintech sector is highly promising but also intricate. And this is where the advantages of having a Fintech Law firm become effective.