Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 20 JUNE 2018

Paradigm Shift: Disruption & The FinTech Effect

Cayman Finance
Explore more from Cayman Finance

Disruption, innovation and change are rapidly impacting the financial services industry across the globe, and the Cayman Islands will need to adapt to ensure the industry is poised for success in response to this paradigm shift.

Cayman IslandsFinance and Banking
Marco Calleja (EY)
Marco Calleja (EY)
Chris Maiato (EY)
Chris Maiato (EY)
Author LinkedIn connections

Disruption, innovation and change are rapidly impacting the financial services industry across the globe, and the Cayman Islands will need to adapt to ensure the industry is poised for success in response to this paradigm shift. Not only will we face dramatic change but financial service providers in Cayman can also expect to embrace exciting new opportunities.

INNOVATION

There is no question that technology will break tradition as digital technologies outperform in effectiveness and cost. This change will be more than just a temporary one. We see FinTech as one of the most disruptive opportunities — or threats.

According to the EY FinTech Adoption Index, FinTech has achieved initial mass adoption in most markets. The average percentage of digitally active consumers using FinTech services has now reached 33% across the 20 markets. Benchmarked to academic theory on innovation adoption, it suggests that FinTech services have reached a milestone in being adopted by

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Stablecoin Regulation 2026: Key Takeaways From Stablecoin Week And The Clarity Act Vote

The failure of the Digital Asset Market Clarity Act in the US Senate leaves cryptocurrency market participants navigating regulatory uncertainty, while major blockchain networks accelerate infrastructure development to integrate traditional banks onto stablecoin payment rails. Cross-border payments emerge as a dominant use case, with stablecoins offering faster, cheaper international settlements than correspondent banking, though compliance frameworks must evolve to match real-time transaction speeds.
Cayman IslandsFinance and Banking
Conyers
Conyers
Article

Cayman Islands Investment Funds - Summer 2026 Update

The Cayman Islands investment funds sector continues to evolve with significant regulatory updates affecting reporting requirements and the introduction of a new framework for tokenised funds. Key changes include modifications to Common Reporting Standards and Economic Substance filing procedures, alongside the implementation of legislation enabling digital token representation of fund interests.
Cayman IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

Cayman Islands Digital Assets - October 2026 Update

The Cayman Islands has introduced significant regulatory developments for digital assets, including a dedicated framework for tokenised funds, enhanced AML and sanctions rules, and strengthened market conduct requirements for virtual asset service providers. These changes provide greater regulatory certainty while reinforcing the jurisdiction's position as a leading hub for digital assets and fintech innovation.
Cayman IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

New CIMA AML Rule And Sanctions Rule: What Regulated Funds Need To Consider

New CIMA Rules effective September 2026 will transform anti-money laundering and sanctions compliance for Cayman Islands investment funds, elevating previous guidance to directly enforceable requirements. Fund governing bodies face enhanced responsibilities including mandatory annual AML training, independent audit requirements, and stricter AMLCO independence standards. Understanding these practical implications and preparing appropriate compliance frameworks will be essential for funds and their service p
Cayman IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

Establishing Your Cayman Fund, Investment Manager, Fintech Business Or Digital Asset Venture

The Cayman Islands has emerged as a leading jurisdiction for establishing funds, investment management operations, and digital asset ventures, offering regulatory clarity and a sophisticated financial services ecosystem. This guide examines the regulatory framework for traditional and tokenised funds, the Virtual Asset Service Providers Act regime, and opportunities within the Cayman Islands Special Economic Zone. Legal experts outline the practical steps and strategic advantages for fund managers, fintech
Cayman IslandsFinance and Banking
Stuarts Humphries
Stuarts Humphries