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2017 – The year cryptocurrencies and ICO's went mainstream and a busy year for our FinTech team

News | 04.01.18

FinTech
2017 was a busy year for Simonsen Vogt Wiig's FinTech team. Advising on marquee transactions and hosting successful conferences and seminars, our FinTech team made its mark as a leader in this area throughout the year.

2017 – The year when cryptocurrencies and ICO's went mainstream and a busy year for our FinTech team

In February, Simonsen Vogt Wiig hosted OsloFinTech Fest – The Future of FinTech and Banking together with DnB and Oslo Fintech at the Radisson Blu Scandinavia. More than 700 people attended and Espen Tøndel headed the jury giving out the Norwegian FinTech Award 2017. The day after the conference, Simonsen Vogt Wiig hosted a breakfast seminar together with renowned FinTech expert David Birch on the subject of FinTech, Banking and Money. More than 80 people were in attendance:

Fintech – the future of banking

Also in February, Simonsen Vogt Wiig's FinTech team advised SpareBank1 Gruppen AS on the signature transaction where 106 Norwegian banks entered into a partnership with DnB regarding the mobile payment solution Vipps.

Payment services and PSD II was on everyone's lips throughout the year, and our FinTech team advised a number of clients on issues relating to payment services.

Toward the end of the year, as the interest in cryptocurrencies and ICO's exploded, our FinTech team advised several clients on legal issues pertaining to cryptocurrencies and ICO's.

In December, Simonsen Vogt Wiig hosted a breakfast seminar on digital currencies together with the Norwegian Central Bank with some 70 people in attendance. From our team Morten Wilhelm Winther and Leif Tore Rønning spoke on legal issues related to ICO’s and cryptocurrencies.

Also in December, Simonsen Vogt Wiig held seminars on cryptocurrencies and ICO's for Arctic Securities and SEB. Simonsen Vogt Wiig also spoke at a client seminar hosted by Arctic Securities (Krypto & Gløgg) where IOTA's founder David Sønstebø participated.

Throughout the year our FinTech team published numerous articles on FinTech and cryptocurrencies. Here are a few examples:

Bitcoin – et verktøy for spekulanter eller et revolusjonært betalingsmiddel med høy verdi? (Norwegian)

The road to a cashless society – Developments in Norway

Discussion Paper on the EBA's approach to FinTech

FinTech: PSD II - status and bank cooperation in Norway