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Payments & FinTech Lawyer

Algorithms in the FinTech space and what they mean for competition law

The use of algorithms to sift through huge datasets to locate opportunities therein, benefits FinTech companies and helps create a dynamic competitive environment in the FinTech sector. But the use of such technology has implications for competition law, which cannot fully keep up with these technological developments. Miles Trower and Molly Efford of TLT LLP discuss practices such as the use of algorithms by FinTech businesses to update pricing intelligently and how such practices interact with competition law, and consider whether competition law needs to be amended to cover such practices.

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