Fintech, or financial technology, is the use of technology and innovations to enhance the delivery of financial services and products. While fintech offers opportunities for increased efficiency and better customer experience, it also poses challenges and legal risks.
As the two leading fintech hubs in Asia, Singapore and Hong Kong strive to attract fintech talent, investment and business by encouraging the adoption of innovative and safe technology. Deacons and Rajah & Tann Singapore jointly present the bilingual Fintech Legal Guide for Hong Kong and Singapore. It is a side-by-side comparative overview of the fintech legal and regulatory landscape in Singapore and Hong Kong, focusing on the following key areas: (1) data protection and privacy; (2) cybersecurity; (3) intellectual property; (4) anti-money laundering, (5) setting up business; and (6) talent and workforce development.
As fintech continues to revolutionise the financial services industry and create new growth opportunities in the global market, this Guide will provide valuable insights for businesses considering international expansion through navigating the complexities of fintech regulations in Singapore and Hong Kong. The Guide is available here (Rajah & Tann Singapore’s website at sg.rajahtann.com) or here (Deacons’ website at deacons.com).