RFMLR Techtalk: Open Banking and Smart Contracts 

In order to create awareness and advance the discourse on Fintech Law, the Editorial Board of RFMLR is organizing RFMLR TechTalk: A Webinar Series on Digital Commerce and Fintech Law, wherein experts in this field would discuss topics like open-banking, smart contracts, neo-banking, digital payments, blockchain, cryptocurrency, e-commerce, and so forth. In furtherance of RFMLR's Call for Blogs on Digital Commerce and Fintech, Techtalk is an initiative to provide our readers with greater exposure to this field of law. 


The details of the webinars are as follows: 

Session 1 (Sept. 11, 2020, 4:00 p.m.): Open Banking and Open Finance - 

Ms Akshata Namjoshi, Lead (Fintech, Blockchain, & Emerging Tech), KARM Legal Consultants, UAE

Session 2 (Sept. 12, 2020, 4:00 p.m.): Smart Contracts and their Enforceability - 

Mr Ratul Roshan,  Associate (Blockchain Technology, Fintech, & Tech Policy), Ikigai Law

SCC Online and Eastern Book Company (EBC) are our Knowledge Partners for the event.

About the Resource Person

Ms Akshata Namjoshi is the Lead (Fintech, Blockchain, and Emerging Tech) at KARM Legal Consultants, UAE. She pursued her B.A., LL.B. (Hons.) from the National Law Institute University (NLIU), Bhopal, and further completed her LL.M. (Corporate and Financial Services Law) from the National University of Singapore (NUS). She has worked at leading law firms in India and UAE. She has worked as an Associate at Shardul Amarchand Mangaldas. Ms Namjoshi is currently a member of the Regulatory Fintech Working Group of the Arab Monetary Fund. She has been a panelist for a number of national and international conferences, like the World Blockchain STO Summit, Dubai, and Roundtable Discussion on DLT, Blockchain, and Law at the Legal Technology Event. She has advised high net-worth individuals and corporates on Security Token Offerings, setting up of cryptocurrency exchanges, deployment of public and enterprise blockchains, and so on.

Mr Ratul Roshan is an Associate at Ikigai Law with expertise in Blockchain Technology, Fintech, and Tech Policy. He pursued his LL.B. from Delhi University. He has authored a number of articles on blockchain, cryptocurrency, fintech, and data protection and has worked on projects related to crypto regulations and blockchain technology in India. Mr Roshan advises cloud service providers, online content platforms, financial technology companies, and e-commerce platforms on laws governing personal and non-personal data, privacy, content regulation, intermediary liability, and cloud infrastructure ownership, amongst other laws.

About the Session

Ms Namjoshi will be discussing the legal landscape of Open Banking and Open Finance. She would discuss how banking and other financial data is shared between independent parties to provide enhanced capabilities to the financial market. She would also be covering the privacy and financial security issues associated with Open Banking and Open Finance. She will highlight the role of account information service providers, payment initiation service providers, and Digital IDs in Open Banking and Open Finance. She will give some practical examples of Open Banking from the Middle East.  

Mr Roshan will be dealing with Smart Contracts and their Enforceability. He will be explaining the concept of smart contracts and the technology behind them. He will be discussing whether smart contracts are contracts at all and whether we need a separate law for them. He will discuss the enforceability of smart contracts and the purported hurdles in using smart legal contracts while proposing solutions for the same.

Register for RFMLR Techtalk Series here.

For any queries, please write to us at rfmlr@rgnul.ac.in.

Rajiv Gandhi National University of Law, Punjab

Sidhuwal - Bhadson Road,  Patiala, Punjab - 147006

ISSN(O): 2347-3827

© Rajiv Gandhi National University of Law Punjab, 2020

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