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FinTech

FinTech, or “Financial Technology”, is the term for any technology applied to financial services. This dynamic and fast-growing sector covers both:

  • Trading & Markets FinTech – where innovation and technology enhances or replaces existing market activities or is supplied to enable existing financial services players, including banks, hedge funds, brokers and insurers to operate more efficiently both from an operational or regulatory perspective.
  • Emergent or disruptive FinTech - where innovative financial services are supplied direct to consumers or businesses, often disrupting existing business models.

The UK is Europe’s fastest growing region for FinTech investment and Fox Williams’ specialist FinTech legal team – located in the City and close to Tech City and Silicon Roundabout – delivers commercially focused and up to date FinTech legal and regulatory advice on business models, including:

  • peer-to-peer lending, marketplace lending and other alternative finance platforms;
  • crowdfunding (equity, rewards and donations);
  • cyber-security and privacy;
  • virtual and digital currencies (including Bitcoin);
  • challenger banking, neo banking and ibanking;
  • big data analytics, machine learning and credit-scoring;
  • e-money, money transfers and mobile payments;
  • robo-advising;
  • disruptive insurance products;
  • trading platforms and MTFs for institutional or retail investors;
  • financial markets trading infrastructure (including clearing, trade support and collateral systems) 
  • market data supply and processing systems; 
  • regulatory tech solutions (aka “Reg Tech”) covering inter alia MAD II, MIFID II, EMIR and MIFIR; 
  • blockchain technologies, particularly in relation to financial services.

We work not only with established businesses and financial institutions, but also with start-ups.

Start Ups - we provide strategic legal input to protect your value and help you grow. We can ensure compliance with applicable law and regulation, manage legal risk and draft terms of business for new business models. 

  • shareholders agreements, good and bad leaver terms, articles of association;
  • capital raising and venture finance;
  • structuring platforms and businesses to optimize investment opportunities and tax efficiency;
  • advising on regulatory and compliance issues;
  • drafting T&Cs, contracts, licence agreements;
  • protecting your IPR and brand;
  • compliance with data protection, advising on data security and drafting privacy policies; and
  • tax (EIS/SEIS, employee share schemes, entrepreneurs’ relief, R&D tax credits and Patent Box).

Regulatory - our specialist financial services regulatory team includes former FCA lawyers and heads of legal and compliance from industry, enabling us to provide you with a commercial and technical insight into the effect of new regulatory issues on FinTech.

Representative matters

The following are illustrative matters on which our FinTech team has advised:

  • peer-to-peer lending platforms (inc. Nicola Horlick’s Money&Co) on their T&Cs, regulatory requirements and funding;
  • blockchain powered clearing company, Clearmatics, on its Series A funding round;
  • research regulatory tech supplier, Feedstock, on its revolutionary post MIFID II product;
  • one of the largest European VC firms on investments in:
    • Crowdcube, a leading equity crowdfunding platform;
    • Nutmeg, a leading online savings and investment management service;
    • Gocardless, an online payment services provider; and
    • Currency Cloud, an international payments platform.
  • European challenger bank on its UK agency bank arrangements;
  • global FinTech company builder, FinLeap, on its portfolio of businesses, including BillFront, a lender to high-tech companies in the app marketing sector;
  • software company, CYMBA Technologies, on all contractual matters relating to their investment management solution software;
  • robo-adviser, Scalable Capital, on their launch of their investment management business in the UK;
  • a platform providing spread-betting service to retail clients via a novel “gaming interface”; and
  • on regulatory issues relating to algorithmic and high-frequency trading.

FinTech50

We were a founding sponsor of the FinTech50 2013 and 2014: a guide to some of the game-changing technologies across Europe who are re-defining the future of finance. The FinTech50 2014 can be downloaded here.


Recent news, articles and deals:

Jonathan Segal writes for Lexoo: One year on - legal implications of Brexitmore
Jonathan Segal writes for Business Money - Mini-bonds – a funding revolution?more
Jonathan Segal's blog post on Technology in the Supply Chain for the Alternative Funding Network is now livemore
Jonathan Segal writes for Business Money - FCA releases interim paper on crowdfundingmore
Jon Segal’s new blog for the Alternative Funding Network is now available onlinemore


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Contact

tel: +44 (0) 20 7628 2000
10 Finsbury Square, London, EC2A 1AF
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Who should I contact?

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Peter Wright
Partner
Direct dial: +44 (0)20 7614 2680
pwright@foxwilliams.com

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Nigel Miller
Partner
Direct dial: +44 (0)20 7614 2504
nmiller@foxwilliams.com

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Jonathan Segal
Partner
Direct dial: +44 (0)20 7614 2591
jsegal@foxwilliams.com

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Nigel Brahams
Partner
Direct dial: +44 (0)20 7614 2655
nbrahams@foxwilliams.com


Accreditations

  • Top Ranked Chambers UK 2014 - Leading Firm
  • Ranked in Chambers Europe 2013 - Leading Individual
  • Ranked in Chambers Global 2014 - Leading Firm
  • Legal 500 - Leading Firm
  • The Lawyer UK 200 - Listed Firm
  • The Law Society Excellence Awards 2012 - Shortlisted
  • Investors in People - Bronze