Technology is revolutionising financial life, nowhere more so than in the payments and alternative banking sectors.
The digital revolution, combined with the growing regulator appetite for innovation and competition, is making it easier for start-ups to introduce new products to the financial market. Many of these products offer greater speed, transparency, convenience and efficiency to consumers.
The EU's second Payment Services Directive and the UK’s open banking project, for example, are two regulatory frameworks which are contributing to the evolution of the payments and alternative banking sectors, delivering new opportunities for growth to start-ups and multinationals alike.
Many organisations need greater access to personal data in order to offer the innovative products consumers want, but are also required to adhere to their legal obligations under the European General Data Protection Regulation. Striking this balance can be difficult without expert guidance.
We offer the advice you need to comply with regulations and develop robust business practises, so you can foster consumer and investor confidence while encouraging commercial growth.
Our corporate and commercial lawyers are experts in alternative payments and will work with you to understand what matters and devise a solution to meet your requirements.
We act for organisations of all sizes across the alternative payments and banking sectors, from payment and mobile systems developers and operators to Near-Field-Communication (NFC) equipment manufacturers and financial services technology platforms.
