REDEFINING THE RULES
Regulatory changes aren’t just about ticking compliance boxes – they’re reshaping the way businesses think, operate and innovate. As new requirements come into play and legislative efforts continue to evolve, the future of fintech is being actively redefined.
In this edition of The Fintech Times, we explore how companies are not only adapting to these shifts but also leveraging them to push the boundaries of technology and enhance customer experiences.
Polly Jean Harrison dives into the crucial upcoming regulations that every fintech leader needs to grasp. From the Digital Operational Resilience Act (DORA), which will soon impose stringent requirements on financial institutions across the EU, to the Markets in Crypto Assets Regulation (MiCA), set to standardise crypto asset markets, as well as PSD3 and emerging AI regulations, these legislative changes collectively demand significant attention and investment from fintechs aiming to stay compliant while continuing to innovate.
With sustainability continuing to be a significant focus, Nina Saleh from ecolytiq discusses how Middle Eastern banks are leading initiatives to integrate environmental responsibility into their operations. Her analysis highlights both the progress made and the challenges that remain, particularly in regions where regulatory standards are still evolving.
Regulation isn’t just reshaping the fintech sector; it’s also influencing the real estate industry through the growth of proptech. As a key theme in this issue, proptech – the integration of technology within the property sector – is transforming how real estate is bought, sold and managed.
REGULATION ISN’T JUST RESHAPING THE FINTECH SECTOR; IT’S ALSO INFLUENCING THE REAL ESTATE INDUSTRY THROUGH THE GROWTH OF PROPTECH
The global proptech market, valued at approximately $19.5billion in 2022, is projected to nearly double by 2030, according to Zion Market Research. Some forecasts are even more optimistic, predicting the market could reach nearly $120billion by 2032, driven by a compound annual growth rate (CAGR) of 16.5 per cent.
This expansion is fuelled by the increasing adoption of AI, big data and digital transformation within real estate. Historically slow to embrace new technologies, the property sector is now leveraging these tools for smarter decision-making, enhanced analytics, and more efficient property management.
Yet, as with fintech, the digital transformation in real estate brings its own set of regulatory challenges, especially as these technologies intersect with data privacy and financial laws.
In this issue, we hear insights into the challenges shaping the future of proptech. Finova, a mortgage origination software specialist, shares how its platform is streamlining the UK mortgage process, balancing efficiency with compliance. Meanwhile, Sarah Koch from Aevi offers a forward-looking perspective on the potential of unattended services in smart buildings – a trend that could redefine property management.
Happy reading!
Claire Woffenden, editor in chief,
The Fintech Times
