Capabilities
Financial Services

Financial Technology

Financial technology (FinTech) is driving rapid change in the financial services industry and in the way we spend, save, transfer, and invest our money. Our FinTech team combines strengths drawn from market-leading practices in Financial Services, Corporate and Securities, Intellectual Property, Privacy, Public Policy, and Litigation to provide comprehensive solutions in the rapidly evolving FinTech space. Our clients engage in global transactions and are often at the forefront of cutting-edge and disruptive business models that require equally innovative legal support and analysis. Our deep bench of FinTech lawyers are spread throughout our offices in strategic financial and technology centers in the United States and abroad, and draw upon their experiences as investment bankers, financial regulators, and in-house counsel.

Our clients include:

  • venture capital, private equity, and other funds;
  • US and foreign securities exchanges;
  • marketplace and P2P lenders;
  • virtual currency wallet and service providers;
  • emerging payment systems operators;
  • market data analytics and indexing firms;
  • card associations;
  • insurers; and
  • industry trade associations.

We offer sophisticated counsel in a broad range of areas, including:

Corporate, Venture, IPOs, and M&A: Represent FinTech companies in the negotiation of venture rounds; initial public offerings; mergers, stock, asset, and whole-business acquisitions; distressed loan sales; and other transactions involving changes in corporate control. Also advise on general corporate advice, SEC reporting and compliance, and the issuances of registered and exempt securities.

Strategic Partnerships and IP Licensing: Advise clients on negotiating, structuring, and documenting strategic partnerships with vendors and financial institutions, and advise on, negotiate, and document IP licensing agreements and commercialization strategies, including white labeling.

Vendor Contracting and Management: Advise FinTech firms and their vendor counterparties on negotiating and drafting commercial agreements, including data centers, data security firms, and regulatory technology (RegTech) service providers, and with compliance and oversight programs pursuant to regulatory requirements.

Marketplace Lending: Represent major financial institutions acting as lenders, structuring agents, and initial purchasers in warehouse lending facilities to fund purchases of marketplace loans and in securitization transactions backed by marketplace loans.

State and Federal Regulatory Matters: Advise clients on financial and payment system regulation; consumer and commercial lending regulation; start-up regulations in connection with state lender licensing laws and money transmitter laws; and CFPB, FTC, Treasury, FinCEN, SEC, CFTC, OFAC, and bank regulatory laws and regulations, including Bank Secrecy Act and Anti-Money Laundering laws and regulations. Routinely advise clients on developing and implementing compliance management systems, and drafting and implementing policies and procedures.

Virtual Currency: Counsel companies that are developing fundamental financial businesses for the virtual currency ecosystem, specifically advising one of the first US-regulated bitcoin exchanges; routinely advise funds and banks on virtual currency-related matters.

Emerging Growth: Represent and partner with next-generation financial technology and payments companies across the FinTech industries, including lending exchanges, payments, point of sale, personal financial management, virtual currency, and SaaS.

Technology and Digital Transactions: Advise market leaders and innovators in the FinTech, mobile, eCommerce, and SaaS sectors, among many others, to execute transactions related to the development, acquisition, licensing, sourcing, and integration of complex technologies, systems, and software.

Cybersecurity and Privacy: Ensure that payment systems and technologies are both inherently secure and that they provide security and privacy for customers; provide strategic advice to resolve complex cybersecurity issues at the intersection of law, security, policy, technology, innovation, and economics.

Antitrust, Government Investigations and Enforcement, and Litigation: Perform antitrust reviews of mergers and anticompetitive conduct in these markets; advise clients with government investigations, examinations and enforcement matters, and private litigation.

International: Advise on potential FinTech structures to raise debt and equity and international structuring of financial technology.

Experience

Foreign bank International remittance and payments platform

Represented foreign bank in establishing an international remittance and payments platform, including regulatory issues relating to APIs and other financial technology issues.

New York state-chartered bank Cybersecurity program development

Represented client in the development of cybersecurity program, procedures, and controls to ensure compliance with the New York Department of Financial Services’ Part 500 requirements and annual certification.

The Depository Trust & Clearing Corporation Stock offering

Represented the issuer in its offering of US$400 million Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock.

The Depository Trust & Clearing Corporation Acquisition of assets

Represented the purchaser in its acquisition of the assets of a provider of legal entity data validation services.

Individual Bitcoin mining investigation

Represent client in an ongoing investigation into a matter involving bitcoin mining.

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