FinTech

The innovative business models created by the FinTech industry have significantly disrupted the banking and insurance sector in recent years. A growing number of young FinTech companies are focusing on technical developments aimed at digital transformation. Banks and traditional financial services providers are under pressure to align their products with FinTech models – a trend that will continue in financial technology over the coming years.

In addition to digital asset management, FinTech companies have mostly launched mobile payment methods, financing platforms, cryptocurrencies and innovative payment systems. But overcoming technological challenges is only part of the story. The FinTech industry faces many legal regulations and requirements that every FinTech company must comply with.

Legal expertise tailored to the needs of the FinTech industry

CMS advises banks, financial services providers and FinTech industry start-ups around implementing their digital business models. We provide FinTech companies with legal certainty for their online financial services and payment services via a core team of experienced lawyers. The individual team members specialise in areas including banking law and regulation, corporate law, competition law, IT and data protection law. Where needed, our full-service approach enables us to add experts from other disciplines to our FinTech team on a case-by-case basis. 

Our lawyers not only have in-depth legal knowledge relevant to the FinTech industry, in many cases they also have experience of software development or of launching start-ups in the digital space.

The FinTech industry is global – just like our services

CMS advises FinTech companies both within Germany and internationally. If specific knowledge of a different jurisdiction is required, we bring in FinTech specialists from the worldwide CMS network. Seamless service across national borders is routine for us, rather than the exception.

Please feel free to contact us if you have any questions about FinTech and the associated legal and tax issues.