Fintech & Payments Legal Outlook 2024

The global fintech industry has faced some real challenges in the past year as fintech funding and M&A volumes continued to fall from the record highs of 2021. However, despite the general backdrop of economic slowdown, geopolitical uncertainties and more assertive regulation, the sector continues to demonstrate resilience. 

Moving into 2024, there are still fundamental growth drivers for the continued digitalisation of financial products, services and market infrastructure. To succeed in this market, companies and investors need to prepare for when the investment window opens and to focus on profitability, growth and their M&A strategy. Fintech, digital native and established financial institutions alike, face intense regulatory scrutiny as they deploy innovative tech deployments in a complex and evolving regulatory environment. 

In this publication, we analyse trends we believe will shape the legal outlook for fintech and payments 2024 and beyond, focusing on digital assets, and the implications for players in digital financial market infrastructure, key developments in payments and open finance against the backdrop of the increasing impact of artificial intelligence, and the need for cyber resilience. 

Now more than ever, risk management and compliance are crucial  to engender the trust of customers, investors, and regulators.