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Global Connections Our Digital Financial Services and Fintech Capability Global Digital Financial Services and Fintech

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Global Connections Our Digital Financial Services and Fintech Capability Global Digital Financial Services and Fintech Global connections Our Digital Financial Services and Fintech capability Global digital Financial Services and Fintech Drawing together relevant lawyers from across our Financial Institutions group globally, we provide a seamless service on digital projects. How can we help? – experienced fintech lawyers across the US, UK, wider Europe, Middle East and Asia – full-service Digital team – extensive experience in delivering digital FS and fintech projects – innovative approach – project management and cost certainty William Dudzinsky Head of TMT US T: +1 202 383 0106 [email protected] Matthew Gough Head of Digital Financial Services and Fintech T: +44 29 2047 7943 [email protected] 22 Global connections Our Digital Financial Services and Fintech capability What you’ll find in this guide: Technology platforms and the cloud 4 Fintech/joint collaboration agreements 5 Cryptocurrencies, blockchain and artificial intelligence/robo advice 6 Cybersecurity 7 Payments and digital commerce 8 Data privacy and digital identity 9 M&A and investments 10 Consumer finance and product regulation 11 Ecommerce and consumer protection 12 Intellectual property and patents 13 Contentious regulatory and financial crime 14 Technology disputes 15 Consulting, compliance and authorizations 16 Competition 17 Robo advice and electronic brokerage 18 Fintech licensing and compliance 19 Bank secrecy act/anti-money laundering/office of foreign assets control 20 Awards and accolades 21 Wider international team 22 3 Technology platforms and the cloud We can work across all your needs for technology platforms, including advising on private and public clouds, commercial agreements, software licensing and the associated regulatory regime. However you wish to develop further your own platforms, our team can assist. Relevant experience includes advising: – a large UK bank on a series of agreements with Tier 1 cloud – one of the largest cloud providers with the negotiation vendors for cloud licensing, unified communications and of IaaS and PaaS contracts with its French customers business critical applications including many French banks. Assisting the client with – a UK investment management business on a strategic tailoring its client facing material relating to the EBA platform agreement with EIS/Sungard guidelines on cloud and PSEE (the French regulatory framework which banks need to follow when outsourcing – a major global credit card provider in relation to the use essential operations) of a new digital platform to increase conversion rates and limit drop-outs of applicants for premium card products Key contacts – on the support and maintenance arrangements for the mobile-banking software used by twelve global Peter Quittmeyer retail banks Partner – on the design, build and run of a credit provider’s mobile T: +1 404 853 8186 wallet application across a credit provider’s European [email protected] merchant network – a UK clearing bank on the negotiation of an agreement Craig Rogers with a secure digital banking technology provider Partner – a major Japanese investment bank on its first global cloud T: +44 20 7919 0707 services arrangement for an online client relationship [email protected] management system – a financial services business on the procurement of new Michael Steinig technology including cloud computing, developing new Partner data centers and bespoke software development T: +1 202 383 0804 – seven banks in Hong Kong to launch a DLT-based trade [email protected] finance platform. The platform, eTradeConnect, will facilitate trades and the arrangement of financing through sharing Charlotte Walker-Osborn information between customers and banks participating Partner on the platform T: +44 779 907 5756 – one of the largest cloud providers with the negotiation charlottewalker-osborn@eversheds- of SaaS, IaaS and PaaS, as well as with its transformational platform solutions with its German customers, including banks and insurances 4 Global connections Our Digital Financial Services and Fintech capability Fintech/joint collaboration agreements We regularly advise both financial institutions and fintechs on their strategic investments and collaborations and have a full appreciation of the need for a flexible and commercial approach, deploying project management to ensure timely and efficient legal service delivery. Relevant experience includes advising: Key contacts – one of the world’s largest financial institutions in creating Brian Barrett a multi-year license and services arrangement with one Partner of the leading payment card networks T: +1 212 389 5035 – a joint venture vehicle on the design, build and operation [email protected] of a blockchain-based commodities trading platform – a major US financial institution on an agreement with Rachel Broquard Ripple for the settlement of FX trades using Distributed Partner Ledger technology T: +44 20 7919 0609 – on the joint-development agreement with Smart Pensions [email protected] following the investment by Legal & General – Mediobanca in their acquisition of RAM Active Investors Brian Murphy (algorithmic trading platform) Partner – Amex in their acquisition of a fintech business T: +1 404 853 8178 – a leading insurer in relation to an investment in a joint- [email protected] collaboration agreement with a fintech – Statpro in their acquisition of UBS’ portfolio management Craig Rogers platform, Delta Partner – a UK asset manager in respect of the acquisition of a Quants T: +44 20 7919 0707 trading platform [email protected] – a major US financial institution on arrangements with partners for API, interfaces and data sharing – IntegraFin on their IPO on the London Stock Exchange – one of the largest global financial institutions in its acquisition of a technology platform for mobile payments. This acquisition was a core piece of the client’s technology strategy for its mobile wallet offering 5 Cryptocurrencies, blockchain and artificial intelligence/robo advice Eversheds Sutherland has assisted clients with many challenging and novel coin and token offerings globally. We also work with clients in transactions and regulatory challenges associated with the use of blockchain. Many clients ask for our counsel in understanding how distributed ledger technology, including smart contracts, might allow them to lead change in their industries. Relevant experience includes advising: Key contacts – a large US-based institution on the use of blockchain for use Michael Bahar in a potential trading platform Co-Lead of Global Cybersecurity – a large global bank on the end-to-end customer journey and Data Privacy for a new robo-advice proposition T: +1 202 383 0882 – the founders of the Bitcoin Derivatives Exchange on [email protected] negotiations with financial investors in Poland – KINESIS on the regulatory classification of and legal requirements Brian Barrett for a yield-bearing digital currency based on physical gold and silver Partner – a Middle Eastern bank on a series of blockchain IT SaaS contracts T: +1 212 389 5035 – a large investment bank with the negotiation and conclusion [email protected] of a partnership agreement with a consortium of research centers and start-ups in relation to an AI and big data project Gregory Kaufman using satellite data Partner – cryptocurrency exchange operators in Hong Kong, Singapore, T: +1 202 383 0325 Malaysia and Malta in relation to the implementation of their [email protected] respective operations – a global bitcoin mining company on its intra-group company Jim Mastracchio arrangements to effect its OTC and exchange operations Partner – a crypto-currency exchange in dealing with the SFC in order T: +1 202 383 0210 to obtain initial views on the regulatory status of its business, [email protected] including hosting ICO launches – a FCA Sandbox FinTech cohort member on all aspects of their Holly Smith authorization to arrange and issue a Crypto-asset Backed Bond Partner where entitlement is registered on distributed ledger technology T: +1 202 383 0245 – a top-five retail broker dealer with respect to federal and state [email protected] registration, licensing and compliance issues with respect to the launch of a cryptocurrency trading subsidiary James Burnie – a venture-backed cryptocurrency issuer with respect to and Senior Associate state registration, licensing and compliance issues with respect T: +44 20 7919 0879 to the launch of a new stable coin [email protected] – custodial clients facing summons enforcement for crypto currency account holder information 6 Global connections Our Digital Financial Services and Fintech capability Cybersecurity Our partners have practical experience gained in the field—from in-house roles or secondments with global banking and insurance clients, regulators (including the FCA, SFO, SEC and FINRA) and key technology platforms. We also have particular insights into the SEC, DOJ, CFTC and the US Interagency and Congress. Relevant experience includes advising: – the UK business of an international FS sector client on the – on the negotiation of security requirements for a $2bn outsource FCA, PRA and ICO investigation and enforcement aftermath by a major European investment bank to an IT global services of one of the largest data security
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