The global financial services industry has never been more dynamic. Rapid developments in technology, consumer preferences, competition from new entrants, and regulation have combined to create a thriving global fintech sector.
Our cross-practice team guides our clients through this rapidly evolving sector. We provide tailored legal services to sector participants including incumbent banks, growing fintech businesses, and investors. We have expertise in all relevant practice areas, with market-leading teams in corporate, finance, technology, cyber security, data protection, IP, financial services regulation, capital markets and asset management.
Our work includes advising in relation to:
- challenger banks;
- payment services;
- exchanges and platforms;
- data and analytics; and
- crowdfunding and P2P financing.
We have worked on ground-breaking deals, including the establishment of ClearBank, the first new UK clearing bank for 250 years, and fundraisings for the growing challenger Tandem Bank. We have especially deep experience on IT and outsourcing issues arising out of separations of new players from major institutions, such as the separation of TSB from Lloyds Banking Group and the related £2bn long term outsourcing and on the separation of Williams & Glyn from RBS.
For all of our fintech clients, cyber security and data protection are primary risk issues. Our cyber and data teams operate as an integrated offering, both on transactions and standalone cyber and data defence projects such as the Cyber Defence Alliance.
This range of expertise and experience enables us to advise clients on both their strategic objectives and their particular legal challenges.