FinTech

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FinTech is disrupting the way in which financial products and services are delivered. New entrants are transforming the market with technology-driven, low-cost products. Peer-to-peer lending, digital payment services and web-based trading platforms are reaching customers in new ways at lower cost.

Reed Smith’s FinTech clients are dedicated to exploring new ways to deliver financial services to businesses and consumers, including credit scoring, crowd funding, marketplace lending, data-driven loan decisioning and more. Our FinTech team draws on the firm’s century-long commitment to representing businesses in the financial industry, and brings that experience to bear as the industry develops in new directions. We represent emerging and mature FinTech companies in litigation and dispute resolution, as well as in transactions and counseling on a broad range of issues, including licensing, securities, regulatory compliance, risk management, IP, insurance recovery, and employment, among others. We are committed to developing our client relationships through effective representation and efficient fee structures, as well as secondments and other partnerships.

FinTech Specialty Areas

Regulatory Compliance and Licensing. We advise clients on worldwide compliance and licensing issues. Our lawyers have significant experience handling matters involving the SFO, FCA, and other regulatory bodies worldwide, and we provide effective and practical counseling on compliance and regulatory issues, both in relation to compliance and responding to investigations. In the UK, we have assisted robo advisers, execution-only brokering platforms, challenger banks, payment services initiators and peer-to-peer lending platforms in becoming FCA authorized and on their regulatory obligations. We also regularly advise on the regulatory risks of making acquisitions in the FinTech and wider financial services sector, and have given advice to technology providers on the on-boarding compliance requirements financial institutions need to comply with, so that systems can be built to cater for them.

Structured Finance/Transactional. Our Finance practice represents lenders, arrangers, underwriters and borrowers in financing transactions. We are among a select group of law firms that can provide seamless, cross-border, multi-jurisdictional advice on financial transactions.

IP Protection and Risk Avoidance. Our extensive and respected global intellectual property team, combined with our established local experience in countless communities and court districts, fosters genuine and sustained relationships with international and local clients that is unrivaled by other law firms. International collaboration between nearly 100 highly experienced IP lawyers across 26 offices allows us to create and execute intellectual property strategies that forward client business objectives. Our lawyers have strong technical credentials, in all technologies relevant to FinTech, including computer hardware and software as well as various transaction technologies.

Social Media/Brand Marketing Legal Review and Compliance. We review social media programs, advertising content, and marketing campaigns and materials to ensure compliance with local and national laws and regulations.

Data Protection. Our Information Technology, Privacy & Data Security team works to provide clients with truly global privacy support. Our team offers practical privacy compliance advice on cutting-edge issues; assists clients on product development and data privacy, helping clients to monetize their data; guides companies through major incidents of cybersecurity, data theft, loss and unauthorized access; and defends bet-the-company litigation over privacy issues.

Employment. Our Labor & Employment lawyers provide clients with effective advice, strategic counsel, and best practices at every stage of the employer-employee relationship. We take the time to learn our clients’ businesses and industries, and address their employment issues within that broader context to ensure a productive and efficient work environment.

Disputes. We represent financial services companies and other clients in a broad range of claims that arise in the world of finance, including breach of contract actions, warranty claims, corporate governance disputes, debtors’ and creditors’ rights, defence or prosecution of fraud or misrepresentation, fiduciary duty issues, trade secret disputes, and unfair competition. Our significant knowledge of pre-emptive remedies, including freezing and search orders, and asset tracing, coupled with extensive experience in assisting and coordinating litigation before courts in a wide variety of jurisdictions, enables us to respond rapidly to such challenges.

Insurance Recovery/Coverage. We represent policyholders in all aspects of insurance coverage matters. We have particular experience in financial services (including mortgage lending) and cyber-related issues. We can assist you in identifying your insurance needs, reviewing proposed policies, guiding you through the claims process, and, if necessary, litigating your claim.