Financial technology is all around us; from e-payments to digital wallets, buy-now-pay-later to the blockchain, cryptocurrencies to central bank digital currencies, NFTs to open banking... And it is constantly evolving…
At PwC Legal, we work closely with governments and private sector clients to develop the fintech ecosystem in the UAE and the wider region. Our unique position in closely advising governments on how to sculpt their legal landscapes enables us to be at the cutting-edge of legal developments. Needless to say, this allows us to give our clients the depth of knowledge they need to make informed business decisions.
Electronic payments and electronic wallets: a new way of making purchases and storing cash or cash equivalents.
From cryptocurrencies to CBDCs to NTFs: virtual assets represent value beyond just the digital space.
Digital ledger technology: tracking financial transactions and much more.
Working closely with regulators to develop regulatory frameworks and keep abreast of developments.
Data lies at the heart of all businesses: knowing how to handle it properly is critical to success.
In conjunction with PwC’s consulting team, we have positioned ourselves at the forefront of legislative development in the UAE and the wider region. We are uniquely placed to offer commercial, technical and legal expertise. We have drafted pioneering fintech laws and regulations throughout the GCC.
We have conducted numerous benchmarking studies across the fintech space, and are well-placed to give multi jurisdictional analyses to our clients.
Every legal opinion is given in light of our clients’ commercial needs. We take the time to understand our clients’ wider objectives, and ensure that every piece of advice is tailored to their commercial goals. We pride ourselves in reader friendly and easy-to-implement proposals.
Our fintech clients are often pushing the boundaries of pre-existing regulatory and licencing regimes. We are well-versed in guiding our clients through the licencing processes and procedures in the UAE and the wider region; ensuring that they are properly licenced to perform their proposed activities.
