New disruptive technological innovation is rapidly transforming the financial services landscape, and, without a doubt, the true potential of this transformation is at a large extend currently unknown. From the creation of innovative financial products that allow consumers to manage their finances through sophisticated mobile apps, to the development of new business models which introduce exciting opportunities for all key stakeholders in financial transactions, the market of Financial Technology is rising with an unprecedented pace.
The speed of these developments, however, means that banks, financial service providers and the emerging fintech companies must now deal with a multitude of constantly shifting regulatory requirements, ranging from the protection of personal data to compliance with other complex regulations – the NIS Directive, the MiFID II and the PSD2 to name a few.
Our firm is immensely proud to have built a unique package for legal support in the FinTech industry. Through our very own “Global Friends Network” our local expertise is supported by international elite law firms and as a result we are very well positioned to offer multi-jurisdictional legal support which is always necessary in FinTech projects. At the same time, our legal team is always supported by members of our exclusive Senior Advisory Hub consisting from C-Level Professionals with hybrid backgrounds ranging from Tech; IT; Cybersecurity; Tax and Financial Services Experts as well as ex-board members of large financial institutions. This unparalleled grouped experience gives us a depth of knowledge of the FinTech sector which is enjoyed by very few other law firms in the EU.
Our team provides a wide variety of advice in this area which usually sits on the interplay between developments in the fields of technology, exploitation of data and financial regulation. We have previously advised FinTech companies on EU M&A projects, equity financing and general corporate restructuring projects. We are also delighted to have very recently supported three FinTech Unicorns on EU law matters relevant amongst others to their digital exchange platforms; the development of their mobile-based payment solutions as well as (together with our “Global Friends Network”) their expansion plans in different EU countries like the Netherlands, Germany, France, and Cyprus.