Fintech regulation advice, as well as support for fintech projects
Consultinworld specializes in financial technology consulting. The financial sector is currently changing and rapidly developing, therefore, the government bodies of many countries are developing and implementing updated legislation to regulate FinTech. In Europe, the USA, Asia and other regions, digital technologies stimulate the development of adjacent modern markets, in particular, the market for fintech projects. The implementation of agreements using smart contracts is also actively used in the modern world.
This has led to the emergence of new concepts (eg “open banking”) and a clear digitalization trend. At the same time, modern technologies and methods of their implementation require modern solutions, in particular in the legal field. It is the comprehensive and professional legal support that will be able to ensure the launch of a fintech project.
The presence of special regulatory bodies in different countries of the world, each of which has its own vision and interpretation of a specific project, is another feature that should be taken into account if you intend to register a fintech company abroad. That is why it is worth enlisting professional legal support in this area. Since we have dealt with many complex issues in the field of fintech projects in practice, our experience allows us to provide the proper and most secure support from a legal point of view. Consultinworld’s Digital Law Specialists offer advice on FinTech and Startup registrations to ensure development and business continuity in this area in your chosen jurisdiction.
What do we offer?
The range of our services for fintech projects is usually not limited to performing one specific task for the client, since this type of business involves several stages of implementation.
At the initial stage of the project, we provide general advice on the choice of jurisdiction for the project, develop a general legal model for its further implementation and provide support for launching a startup abroad. Also, depending on the specifics and timing of the project, we begin to prepare draft documents related to the project. In addition, in these projects, we pay special attention to the analysis of the regulatory environment in different countries of the world, especially if the project is multinational. This provides assurance that the implementation of the project does not violate the laws of each jurisdiction in which the project will be launched.
For fintech projects, we also provide our clients with advice on legislation in the field of payment systems and funds transfers, since the usual areas of regular regulated circulation of funds and modern fintech models are similar, but not always the same.
Among the services we offer at Consultinworld as part of our consulting for fintech companies:
- Advice to financial institutions;
- Consultations of payment systems and electronic money institutions;
- Obtaining licenses, registrations, concessions and permits;
- Support and legal advice on Big Data projects;
- Submission of relevant applications;
- Sandbox regulation advice;
- Advice on financial regulation, as well as projects for the implementation of legislation (MiFID, PSDII, CMD, Crowdfunding, etc.);
- Advice on compliance with the General Data Protection Regulation (GDPR) and other legislation on the protection of personal data;
- Support in registering a company under fintech;
- Legal support for fintech projects;
- Preparation of whitepaper and relevant policies;
- Maintenance of smart contracts, etc.