Interest and activity in financial technology or FinTech has grown dramatically over the last few years.
There are a number of key drivers for this increased activity, including recognition of technology’s potential to have a transformative and disruptive effect on financial services, for example through the development and deployment of blockchain, distributed ledger and smart contracts technology and the use of data analytics to allow risk to be priced more effectively.
However, with opportunity and change come risk and the need to understand the legal, regulatory and compliance landscape within which the technology operates. Regulators and law-makers recognize the potential of these innovations and are actively responding to changes in the sector. Companies looking to utilize these technical innovations need to be alive to the complex and rapidly changing legal and regulatory landscape.
We are at the forefront of legal thought leadership in this sector and our FinTech law practice offers a combination of deep global tech experience with regulatory and financial services knowledge. Our recent experience in this sector includes advising some of the world’s leading financial institutions on legal and regulatory issues relating to potential use cases of FinTech, acting as legal counsel to financial services consortia assessing the opportunities and impact of the technology and advising technology companies, start-ups and investors in this sector.
Our areas of work include
- Artificial Intelligence
- Decentralized Autonomous Organizations
- Data privacy
- Financial services regulation
- Internet of Things
- Robo advice
- Technology development
- Licensing, patenting and protection
- Investments (including venture capital, equity capital market fundraising, private equity and debt finance)
- Electronic commerce and internet services
- Smart contracts
Our recent experience
- Advising AnaCap Financial Partners, the specialist European financial services private equity firm, on its successful buyout of AssurOne Group, a leading French digital insurance broker specializing in the online distribution and management of personal insurance products, including motor and home policies.
- Advising a private equity firm specializing in disruptive technologies with commercial and security applications in connection with the financing of a blockchain identity, fraud detection and investigations technology company.
- Advising CoinJar, an Australian online Bitcoin wallet service and exchange platform, on corporate and regulatory matters relating to its UK establishment (including assisting with securing bank relationships for CoinJar) and UK-Australia transfer pricing issues.
- Advising Monax, a smart contract application platform, on its seed financing from Anthemis Ventures.
- Advising a European bank on a robo-advice project involving a digital/robo financial adviser and delegated portfolio management platform.
- Advising Paxos on the establishment of UK operations and the legal and regulatory framework for its blockchain technology-based platform.
- Advising the Post-Trade Distributed Ledger (PTDL) Group on legal and regulatory issues affecting the group. The PTDL Group brings together major post-trade industry participants and regulators to share information and ideas about how distributed ledger technologies could transform the post-trade landscape. Membership includes over 40 global banks, custodians, central securities depositories, clearing houses, exchanges, regulators, government agencies, and central banks.
- Sean Murphy, global head of our Blockchain, distributed ledger and smart contracts group, is the legal chair of the Chamber of Digital Commerce’s Smart Contract Alliance.