FUNDAMENTALS OF FINTECH LAW

This book will provide reader with the understanding and knowledge regarding the legal aspects relevant to FinTech including those related to cash and electronic funds transfer (EFT) systems, electronic funds transfer at the point of sale (EFTPOS), SMART cards, debit cards, credit cards, charge cards, cryptocurrencies, blockchain and digital assets, mobile banking and payments, digital lending and credit, insurance and trading.

The reader will learn on the laws governing e-commerce, digital banking and the use of FinTech, including the Electronic Commerce Act 2006, the Computer Crimes Act 1997, the Financial Services Act 2013, the Digital Signature Act 1997, the Communications and Multimedia Act 1998, related laws and regulations and BNM regulations, guidelines and policies.

The book will also equip the reader with the rights and liabilities of financial services providers and consumers and the various legal issues arising; including liability for unauthorised transactions, notification of loss, theft or unauthorised use of card and acknowledgment, liability for technical malfunction, countermand, erroneous and unauthorised EFTs and payments, regulatory breaches and penalties for non-compliance, recovery of incorrect payments, computer crimes, frauds and cybersecurity.