The dynamic intersection of finance and technology continues to revolutionize how individuals and businesses engage with financial services.
The dynamic intersection of finance and technology continues to revolutionize how individuals and businesses engage with financial services. From mobile payment apps to blockchain-based solutions, fintech innovations are reshaping the landscape of banking, investing, and transactions.
Our Payments and Fintech group advises some of the largest participants in the payments industry, including banks and other financial institutions, processors, providers of technology solutions, card issuers, merchants, and other providers of technology-driven payments solutions. We have been at the forefront of several of the biggest deals and innovative projects in the payments industry. Our attorneys guide our payments and fintech clients through the complex interplay of business trends, technological developments, financial regulations, and payment scheme rules to achieve their strategic goals.
Our attorneys have deep experience, ask the right questions, and anticipate potential problems. We know our way around the changing regulatory landscape, including data privacy and cybersecurity law, increased regulatory attention on third-party oversight and operational resilience, and the emergence of artificial intelligence. We have a special focus on innovation in financial services. We regularly advise payment services providers of all types on laws and regulations related to licensing requirements, data privacy, financial crime, anti-money laundering, fraud and investigations, and we bring to bear our broad knowledge of corporate and commercial law, finance, taxation, and litigation.
With our global network of office locations, we can provide advice across a wide range of jurisdictions in a consistent way that works for your business. We regularly advise our payments and fintech clients in the United States, United Kingdom, Middle East, Asia, and Latin America, and we are well positioned to manage cross-border and multi-jurisdictional projects.
Our lawyers work with clients at every stage of the payment processing cycle, from payment networks, card issuers, money remittance providers, merchant acquirers, processors, and merchants to payment facilitators, e-money providers, mobile wallet providers, buy now pay later companies, other alternative payment method providers, and other technology solutions. Our clients range from some of the largest companies in the payments and digital commerce arena to emerging start-ups and large merchants. Our experience includes:
- representing one of the world’s largest banks in creating an innovative multiyear license and services arrangement with a leading payment card network
- representing a major global payment processor in the formation, renewal, and international expansion of its various joint ventures with some of the world’s largest financial institutions, which service hundreds of thousands of merchants and are some of the largest US merchant payment card processing companies
- advising one of the largest UK banks on its partnerships with an emerging fintech in order to bring an innovative open banking payment initiation service to market
- representing a series of banks, issuers, and other payment service providers on their implementation projects relating to the second European Payment Services Directive and the changes coming out of PSD2, including building tools to ensure regulatory compliance and providing thought leadership sessions on the threats and opportunities coming out of the new PSD2 regime
- representing multinational banks in relation to compliance with the Financial Conduct Authority’s Consumer Duty, including classification of third-party relationships and creation of collateral for payment products
- advising a Dubai-based transportation network company operating in the Middle East, Africa, and Southeast Asia in respect to proposed Money Services regulations issued by the Dubai Financial Services Authority and the Saudi Arabian Monetary Authority
- advising payments companies and fintechs in the US on obtaining money transmitter licenses and limited-purpose bank charters to facilitate their payments activities
- representing the founders of Prepaid Financial Services, a European provider of white-label payments and banking-as-a-service technology and e-money issuer, on its sale to Australian-listed EML Payments
- representing one of the world’s largest financial institutions in the initial development of its European commercial card program across 27 jurisdictions
- advising a global financial institution based in Hong Kong in relation to the adoption of blockchain technology to send and receive payment instructions to facilitate group treasury management capabilities
- representing a major multinational payments processor on the development and implementation of an embedded finance solution for a name brand online company
The Eversheds Sutherland team has a deep understanding of FinTech and payments matters and they consistently deliver prompt and practical advice on complex matters.
2024