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Technology is changing the financial services sector, with the pace of change accelerating rapidly as a result of some of the seismic changes in our times. This impacts business models, products and processes of market incumbents, as well as driving a wave of new entrants keen to take advantage of market change.

Trends such as the use of cloud becoming widespread and moving into core business processes, obligations around data privacy and the intersection with digital resilience being challenged by the increasing recognition of the value of big data and the evolving use of artificial intelligence, as well as the tokenisation of money, payment forms and capital becoming more commonplace, means technology is among the highest priorities for financial institutions and the emerging new entrants into the market. The acceleration of digital transformation programs has also led to an increasing number of collaborations, joint ventures and investments.

The Technology in Financial Services group at global law practice Eversheds Sutherland works closely with financial services clients around the world to understand the thematic shifts and surrounding regulatory environment shaping products, processes and business models. We boast a multi-disciplinary, multi-jurisdictional team which is at the forefront of change across the global themes of AI, Biometrics, Blockchain and crypto, cloud, cybersecurity, digitisation, payments, operational resilience and Regtech and which transcends traditional areas of practice.

Download our Technology in Financial Services brochure