From mobile payment systems to blockchain, the evolution of modern technology has transformed financial services.
The financial services industry has experienced a wave of change and will certainly continue to do so after the COVID-19 pandemic eases. New technology has created, and will continue to create, new ways of doing business. There are considerable opportunities to diversify the way that financial services companies use technology, and we have significant experience working in both these spaces, including support to start-ups and with investors who are taking advantage of these opportunities.
Our team benefits from lawyers with experience advising on various legal aspects affecting the underlying technology of a FinTech, but we offer an additional benefit for businesses looking for a holistic provision of legal advice.
Our experience working with financial institutions enables us to advise on the regulatory issues for clients acquiring and developing technology in the FinTech space. We can also advise you on the contractual, licensing and ownership aspects of technology and services in a regulated environment.
Our clients cover a range of FinTech areas, such as:
- Online platforms (including crowdfunding, lending including peer-to-peer lending, wealth and asset management, digital asset exchanges, and all types of trading platforms)
- Payment services
- Mobile technology (including apps, payment solutions, mobile-based fraud detection technologies)
- Software and app development & exploitation
- Technology infrastructure and cloud
- Cryptoassets and digital tokens
- Distributed ledger technology (including blockchain)
We can advise you on all business issues you may have, whether you are a leading financial institution or a start-up:
- Financial services regulatory advice (including obtaining authorisation, communicating with the FCA and PRA, and advising on UK and EU regulatory compliance such as MiFID, the PSD, and AIFMD)
- Data protection (including GDPR)
- Online safety
- Commercial contracts (including agreements between software developers and users, and customer conditions)
- Consumer protection
- Brand protection and Intellectual Property
- Litigation & Dispute Resolution
- Fund raising (including capital markets and listings)
Advances in technology have changed the ways with which people manage their personal wealth. The growth of robo-advisors and Artificial Intelligence has changed the way that investment managers work, and as new, easy to use, apps emerge every day, the way in which the younger generation manages their money has already changed. The next generation of wealth management will be digital, and existing traditional businesses will need to be aware of this coming change.
In recognition of the growing influence of technology within this space, we have supported wealth managers and individuals with adapting to change through reports such as ‘The Connected Generation’, released in March 2017, stressing the importance of utilising emerging technology in family businesses and succession planning. We have seen this trend evolve into other traditional private wealth business models too, particularly with the growth of millennials seeking digital alternatives to manage their investments.
We understand both sides of the coin, supporting both institutional wealth management businesses and the individuals who utilise these services.
Meet the team
Our experience working with financial institutions provides us with a deep insight to advise on the regulatory issues for clients acquiring and developing technology in the FinTech space.Read more
British Legal Awards 2019
Winner 'Banking and Finance Team of the Year' at the British Legal Awards 2019
Breaking Banks: UK FinTech firms set out a blueprint for Open Finance that puts customers first
Sunak sets out post-Brexit plan to extend the UK's leadership in financial technology
FCA launches review into the unsecured credit market
AML and FinTech - back in the spotlight?
Bank of England Governor ponders the digital future of money – and gives Bitcoin short change
Reports of an increased number of financial services scams during the Pandemic: a result of a move to remote services?
Digital challenger banks and Covid-19 – chance or challenge?
Future of FinTech: Key themes for regulated FinTechs in the era of COVID-19
Jessica Arrol and Jed Wilsher examine the key themes for regulated FinTechs as the COVID-19 lockdown begins to ease.
Cryptocurrency Exchange Achieves Regulatory First
Future of FinTech: What impact has COVID-19 had on the world of FinTech?
Top FinTech predictions identified at the start of 2020 and how those are likely to change as a result of COVID-19
Big Tech in finance and Covid-19
Visa weaves into Open Banking with the acqusition fintech startup Plaid
Dawn of the Baller Bond?
Basketball Star Spencer Dinwiddie is Pioneering a Bold New Approach to Athlete’s Earnings.
Charles Russell Speechlys wins Banking and Finance Team of the Year at the British Legal Awards 2019
Our Financial Services team was delighted to be awarded the prestigious accolade at the British Legal Awards
Klarna is crowned most valuable EU fintech
FCA clarify regulatory position on cryptoassets in new guidance
The Financial Conduct Authority has now published its finalised Guidance on Cryptoassets PS19/22.