S H E A R M A N & S T E R L I N G L L P | 7 7
COMPLIANCE
Financial technology companies, known as
'fintechs,' are an increasingly prominent and
disruptive presence in the financial services
market. While these technologies are having
a significant impact on the competitive
landscape, the European Commission (EC)
and national competition authorities (NCAs)
have expressed concern as to whether the
current competition legal framework
is equipped to deal with the challenges
created by these new technologies, some
of which we discuss below.
Continued overleaf
HOW SHOULD
COMPETITION
LAW REACT TO
FINTECH?
BY ELVIRA ALIENDE RODRIGUEZ AND PATRICIA SANCHEZ-CALERO BARCO