Fintech

Whether you are developing, procuring, or investing in, financial technology we understand the opportunities and challenges you face. Our Fintech Group supports clients across the full Fintech spectrum: clients range from established financial institutions and global technology and telecoms companies, to investors and start-ups with the potential to act as market disrupters.

We regularly advise on the interplay between developments in the fields of technology, data exploitation and financial regulation. We recognise that businesses can have very different approaches and appetite to risk depending on where they sit in the Fintech sector. We acknowledge this in our advisory approach, and will tailor our input to meet your individual needs and requirements.

We have been advising our Fintech clients in multiple jurisdictions on a broad range of topics, including:

  • IP creation, exploitation and protection
  • financing and investments to fund R&D, product development/expansion plans and corporate acquisition activity
  • joint venture projects
  • strategic sourcing, including designing and implementing intelligent, multi-supplier technology sourcing processes
  • payment services, electronic and mobile money services and the developing regulatory environment for those services, including deterrence and detection of financial crime
  • technology licensing, development and procurement
  • app design, development and licensing
  • data protection, Big Data and information security
  • cloud strategies
  • HR and employment issues, including around contractor and employee engagement terms
  • tax planning and structuring, including for the European operations of non-EEA groups establishing a first footprint in Europe
  • anti-trust, merger control and other competition/regulation issues
  • exits, including IPOs

At its heart, meaningful involvement in Fintech often demands a re-basing and re-appraisal of your commercial and regulatory risk approach in the context of a fast-paced and changing development environment. We have been advising clients in this way for many years.

Partner Contacts

Our key experience includes advising:

Sage, the UK business software and e-money institution, on the EU e-money regime, including in relation to online accounting and payroll services

Zhong An Online P&C Insurance - in its first round of fundraising by investors Morgan Stanley, CICC, CDH Investments, SAIF Partners and Keywise Capital

Stripe-the US-based online payment services provider, in connection with its expansion into the EU

VocaLink limited on the separation of the LINK Scheme from VocaLink and the re-negotiation of VocaLink’s processing contract with the LINK Scheme and its members

Vodafone on several mobile payment matters, including its arrangements with Wirecard for the provision of electronic money services, the provision of a banded physical and electronic payment card, the development of a secure electronic wallet application for handsets and the provision of associated back-end payment processing as part of its SmartPass service

Handelsbanken UK, the mortgage and loans bank, on an ongoing basis in connection with a range of innovative financial services projects, including online/mobile banking facilities

American Express, on a range of assignments relating to card-based electronic payment activity, and including the development and launch of the first UK electronic traveller’s cheque

ÐPactum on its project to build a consortium to fund the pilot and subsequent development of a smart contracting platform utilising blockchain technology

Aviva on the establishment of its digital distribution arrangements

Aquis, a multi-lateral trading platform with a unique business model in the exchange sector, from start-up phase through subsequent rounds of equity fund raisings

Euroclear on a number of fintech projects, including a research paper on the use of blockchain in settlement processes

A global banking group on the legal aspects of a customer journey digitisation project