Our Founding Lawyer-Oana Dragomir will be the trainer of the webinar ‘’Legal aspects of digitalization in the financial sector’’ organized by Wolters Kuwer.

Current and future legal provisions with a significant impact on the services and products offered by the financial institutions, as well as the contractual aspects of the partnerships concluded by financial institutions with Fintech companies and other technology companies will be presented in this webinar.

The digitalization, initiated several years ago in the financial sector, is currently in a phase of consolidation and diversification. Credit institutions, non-banking financial institutions, insurance / reinsurance companies, electronic money issuing institutions and payment institutions already offer their customers mobile applications, mobile wallets and a variety of financial services and products that involve a number of challenges for the players in the financial field: constantly changing legal provisions, increasingly complex contractual aspects, structuring the products / services offered in order to ensure compliance with the relevant legislation and obtaining the approvals from the authorities, drafting the contractual documentation with customers.

From assisted onboarding to self-on-boarding with remote identity verification by video, continuing to opening remotely the accounts, using electronic signatures, biometric authentication (including fingerprinting and facial recognition), granting loans at  distance (digital loans), contactless cards, virtual cards, withdrawals without a card, cards and other products management (deposits, insurance products), integration with Apple Pay / Google Pay and adding cards to other electronic wallets, conversational banking using chatbots, using mobile phone number instead of IBAN, P2P payments, instant payments, and other innovative services such as sharing the bill, recharging phone cards, aggregation of accounts, accounts interrogation services, and  account-to-account payments initiation on behalf of customers (open banking services), cybersecurity elements, cloud storage, but also collaborative platforms and testing platforms, no-code or low-code platforms to develop new financial products / services, creating ecosystems of services and products offered to customers around the applications of financial institutions are just some elements brought by digitalization in the financial sector.

For more details please access https://www.wolterskluwer.com/ro-ro/events/aspecte-juridice-digitalizare-domeniu-financiar