FinTech

The Property (Digital Assets etc) Act 2025 has become law, amounting to a significant step towards cementing the UK as the leading legal jurisdiction to underpin the digital asset economy.

The financial services sector is becoming increasingly reliant on cloud service providers (CSPs) to fulfil its growing data processing and storage needs. Financial services providers in the United States have reportedly had the highest levels of adoption, operating 54 percent of their workloads in the cloud; and according to the European Central Bank, banks spent 13.5 percent more on cloud outsourcing in 2024 than in 2023.

The European Banking Authority (EBA) is currently consulting on its draft guidelines on the sound management of third party risk (Draft Guidelines), which are intended to replace the 2019 guidelines on outsourcing arrangements (2019 Guidelines).

The Court of Justice of the European Union (CJEU) has delivered its judgment on case C 413/23 P European Data Protection Supervisor (EDPS) v Single Resolution Board (SRB).

Financial regulators globally emphasise the importance of financial entities being operationally resilient, which includes the ability to manage and recover from disruptions caused by their service providers. The topic receives significant attention in the financial services sector because the sector is regulated, with the aim of promoting financial system stability.

On 14 August 2025, the Bank of England (BoE) added two new webpages: The National Payments Vision and The Vision Engagement Group.

Agentic AI brings the promise of AI making a range of decisions autonomously. It has been proposed as the way forward for some of the most impactful decisions in our lives: interacting with customers and actioning requests, triaging requests for medical appointments, and hiring candidates — to name a few.

The Data (Use and Access) Act (DUAA) received Royal Assent on 19 June 2025. The DUAA enacts the changes to the UK’s data protection regime that have been contemplated since the Data: a new direction consultation in 2021.

On 21 July 2025, HM Treasury published a report which outlines the Office of Financial Sanctions Implementation’s (OFSI) assessment of threats to sanctions compliance involving UK cryptoasset firms since January 2022.

Recent insights on the evolving landscape of technology litigation