In the era of COVID-19 pandemic, online shopping has become even more popular. Electronic payments are one of the most important, if not the most important segment of modern finance. Many companies have been quick to recognize this trend by introducing the BNPL (buy now pay later) service. This service allows you to postpone the payment for purchases for up to 30 days. However, most importantly it is a free service with no hidden additional costs as long as the buyer pays for the product on time. In case the consumer does not pay, he will have to pay commissions or be charged interest. In practice it means that the buyer pays for the product after receiving it, gets acquainted with it, checks whether it suits him and whether it works properly. With the rapid progress of digitalization, consumers’ approach to shopping and paying for the latter is changing. Such a facility is useful especially in the case of fashion shopping, where the customer has the opportunity to try the product before making the final decision. This service enjoys considerable interest in Poland and worldwide, e.g. in the United Kingdom it has already been used by nearly 33 percent of consumers who shop online.
Buy now pay later in Poland – legal regulations and market trends
On 29 September2021 there was held the EU-US Trade and Technology Council (TTC). The meeting was co-chaired by European Commission Executive Vice President Valdis Dombrovskis, US Secretary of State Antony Blinken, US Secretary of Commerce Gina Raimondo and US Trade Representative Katherine Tai.
What was the purpose of the summit?
The European Union and the United States reaffirm the TTC’s objectives to: coordinate approaches to key global technology, economic, and trade issues; and to deepen transatlantic trade and economic relations, basing policies on shared democratic values. The main manifesto of the meeting was to support the continued growth of the EU-US technology, economic and trade relationship and cooperation in addressing global challenges; collaboration to promote shared economic growth that benefits workers on both sides of the Atlantic, grow the transatlantic trade and investment relationship, fight the climate crisis, protect the environment, promote workers’ rights, combat child and forced labour, expand resilient and sustainable supply chains, and expand cooperation on critical and emerging technologies.
From Monday, October 18, 2021 to Wednesday, October 20, 2021 KIELTYKA GLADKOWSKI will take part in the event ‘WSJ Tech Live’ organized by The Wall Street Journal. From three stages across NYC, L.A. and San Francisco, the participants will hear from the executives, regulators and disruptors driving this new era of rapid transformation. There will be an opportunity to meet investors, founders and collaborators ready to take on their next business venture.
This event will allow participants to hear from the executives speaking on one of three stages in New York, Los Angeles and San Francisco.
During the event, the greatest hits in technology will be discussed and created.
KIELTYKA GLADKOWSKI will take part in an international conference organized by GRC World Forums on latest developments, strategies and insights across financial crime. FinCrime World Forum brings together a globally engaged audience to discuss, challenge debate and address how we can make the world a safer place. The event will take place from 27 – 28 October 2021 in an online format. The conference will include the following panels:
· Turbo-Charging the Regulators
· The Hidden Risks of ‘Tech-Fin’
· From RegTech to EffectTech
· Transparency Vs. Kleptocracy
· Sanctions: Weapon of Choice, Systemic Solutions to a Systemic Problem
These issues are in line with the activities of our law firm and its specialisation in financial crimes, cybersecurity and technology.
The event will discuss topics such as:
The recent and ongoing regulatory changes across the U.S., Europe, and Asia-Pacific region
The financial crime risks arising from “financialised technology”
How sanctions can be used as a weapon against financial crime
The root causes behind corrupt flows of klepto graphic funds
The role of financial services providers, data, and tech in tackling the problem
How such risks impact FinTech and the wider financial services sector
Using synthetic datasets to test platform settings
How cooperation between the public and private sectors has developed to fight COVID-19 scams
How firms can position themselves as supportive partners in change
The use of automated penetration testing against financial crime controls
The problem of ‘left behind’ jurisdictions where regulators have fewer resources
How actors from across sectors are repurposing FinTech in non-financial services contexts
The development of commercial “typology libraries” for use in platforms
How broad „democratic” and “authoritarian” blocs are using economic and financial statecraft against each other—and how financial services providers can get caught in the middle
How firms should approach compliance challenges in a world where sanctions regimes compete rather than complement one another
The role that service architectures, central bank digital currencies, crypto, and blockchain could play in providing a connected view of financial crime risks
How states are seeking to deal with kleptocracy through corporate transparency
Whether ongoing know-your-customer (KYC) utilities and private sector joint-monitoring experiments can contribute to effective systemic financial crime solutions.
The Polish medical and pharmaceutical industry has a long tradition. In recent years, its structure and dynamics have changed significantly. The domestic pharmaceutical industry is one of the strategic industries of the Polish economy. It plays a key role in the whole healthcare system, providing Polish patients with examined, effective, high-quality and affordable medicines. Most Polish pharmaceutical companies have been privatized and numerous companies have been taken over by large foreign pharmaceutical corporations. In addition, new successful companies are emerging, which thanks to their innovation and implementation of new technologies, are entering foreign markets and becoming competitors of foreign companies. They also contribute to a significant increase in the competitiveness of the Polish economy.
