While 2023 saw ongoing uncertainty and high-profile financial sector failures, it also brought regulatory progress around the world, including for landmark regulations on digital assets and AI. In 2024, we will see the next stage of pioneering regulation as blueprints and best practices begin to emerge, alongside compliance challenges.
From the next phases of market development for AI, payments, cryptoassets, tokenisation and digital bonds to operational resilience challenges, we look ahead, highlighting the five key legal trends for global fintech in 2024.
Laura Nixon, Knowledge Director for Fintech, says...
"2024 will be a pivotal year for the global fintech sector, as the regulatory landscape becomes more complex and diverse, but also more conducive to innovation and growth. Firms will need to navigate the opportunities and challenges of new technologies, such as AI and DLT, while ensuring operational resilience and compliance with existing and emerging laws."
Diego Ballon Ossio, Partner, says...
"I am looking forward to this exciting year where we will see inroads in the payment space and the implementation of sophisticated regulatory regimes for crypto and AI."