Financial Technology

The fintech sector is hugely diverse and at the nexus of financial, wealth management, banking, insurance, pension and e-commerce services, enabled by advances in data use, technology innovation and digital delivery, which makes the sector truly transformative. The evolution of financial regulatory systems and data compliance standards globally, alongside the adoption of new technologies and business models, will certainly continue. In this context, we at The Rock and Partners realize that businesses need fintech lawyers who are experienced in the requirements and dynamics of fintech laws and regulations and who can provide a calm guiding hand to help businesses navigate through regulatory compliance.
Our Fintech law team are adept at managing these risks and finding opportunities. We have the required sector experience and can draw on cross-functional specialisms to support clients across the full range of their fintech law needs. Our area of practice comprises:

Technology and data – supporting businesses to safely develop, use, protect and exploit existing and next generation technologies.

Financial regulation: helping businesses to effectively navigate legal, regulatory and compliance requirements, including providing advice on how these requirements apply in practice from start-up through to established businesses and engaging with regulators and governmental authorities.

Business growth and funding: advising businesses as they develop their customer experience and product offering. We also advise clients on how to enter into commercial collaborations and partnerships, such as partnerships between big banks or financial institutions on one hand and Fin Tech and Insurtech companies on the other.

Investment decisions: we advise clients on corporate acquisitions and disposals and development of intellectual property, amongst others.

Business protection: we help businesses to manage their regulatory and operational risks. We also work clients through regulatory reviews, regulatory investigation, commercial disputes, data privacy compliance and cybersecurity objectives.

We advise on commercial technology operations utilizing Open Banking,  a Central Bank of Nigeria initiative with a mission to build a common standard for open banking in Nigeria, consumer credit and e-money segments on technology development, data privacy compliance, brand and IP protection and regulatory issues.

We proffer advice to fully backed digital banking start-ups on the regulatory framework from e-money authorization to full banking license.