ISOLAS, Gibraltar’s longest established law firm has today announced its plans to establish a local think tank to focus on all matters relating to fintech business. An abbreviation for ‘financial technology,’ fintech is an industry built and burgeoning on disruptive technologies that impact on the nature and delivery of financial services.
ISOLAS’ Marcus Killick, CEO at the firm and the first Chairman of the Gibraltar Fintech Think Tank, thinkFinTechGi, explained that the pace of both development and growth in this sector has made other finance capitals sit up and take notice. “London is blazing the trail in terms of developing a regulatory environment that’s increasingly designed to accommodate such disruptive solutions, often in distinct regulatory lacunae, that recognise the particular features of these services and the benefits they bring to market. With these benefits come challenges for oversight and regulation by Governments, something that ISOLAS is already actively working on assisting with in the local context. We have already had great support for the concept and welcome participation by all those involved in this area. Gibraltar’s reputation for innovation, the positive approach of Government and our ability to collaborate make us an ideal location for this area”
The object of thinkFinTechGi, will be to bring together a group of local and international financial services professionals who are already active in this space to develop an agenda for discussion and consideration which will, it is expected, engender a collaboration with Government and our regulator so that, together, we may be able to develop solutions that make Gibraltar the domicile of choice for this kind of business.
From cryptocurrency and the blockchain to crowdfunding and robo-advice. ISOLAS will be hosting the launch of thinkFinTechGi in the coming weeks, publishing further details of the launch very shortly. For more information on thinkFinTechGi, contact Marcus Killick on firstname.lastname@example.org