Fintech

Insuring the unpredictable: The challenges of AI risk insurability

By Giacomo Lusardi, Karin Tayel and Andrea Olivieri AI is all around us and it’s here to stay AI is rapidly permeating various economic sectors. From financial services and insurance to life sciences and encompassing industries as diverse as retail, industrials, real estate, media and sports. AI is reshaping traditional paradigms and marking a shift …

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Navigating the Open Insurance landscape: A legal perspective for 2023

OPEN INSURANCE: A DEFINITION Open Insurance is a way for insurance companies and other players in the insurance sector to share personal and non-personal data, usually via standardized and interoperable APIs (Application Programming Interfaces) (EIOPA, 2021). They can then use that data to create new products and services and improve existing ones. Open Insurance data …

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Nuovi obblighi in tema di appalti

Il c.d. Decreto Fiscale (Decreto Legge. n. 241/1997 convertito con Legge n. 157/2019) ha introdotto sostanziali novità in tema di appalti. Si tratta di una riforma che richiede immediata attenzione per le conseguenze sanzionatorie in capo a committente e appaltatore nonché modifiche ai contratti in essere e da stipulare e l’adozione di nuove procedure interne. …

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FinTech: Who is responsible if AI makes mistakes when suggesting investments?

The recently reported legal action brought for damages due to wrong investments resulting from algorithms-based automated decision-making processes is one of the first known cases of this type. The case has received some attention from the media worldwide and has contributed to reopen the debate on the issue of liability connected to the use of Artificial Intelligence systems (“AI”). The question at issue is, in brief: who is held liable for the damages caused by AI and who shall compensate such damages, if any.

Video: Blockchain legal predictions for 2019

In this video Elisa Rosati and Tommaso Ricci analyze the Blockchain legal and business challenges for 2019. This year will be crucial for the blockchain since the Distributed Ledger Technology (DLT) is ready to overcome the risks linked to the fluctuation of the cryptocurrencies and to prove its compatibility with the new standards of  Data Protection introduced by GDPR finding the right balance between scalability and security.

Top 3 predictions on fintech for 2019

Thanks to the implementation of the PSD2, we can say that 2018 has been the year of fintech in Europe, with new players finally hitting the market or old players proposing new services.

What to expect for 2019 then? Below our podium predictions on fintech for 2019.