Fintech | Financial Services Technology Law - A&L Goodbody

Fintech


Ireland has a strong reputation as an ideal location for financial services technology (FinTech) companies looking to set up or expand operations. With an established banking sector in Ireland and a rapidly evolving technology landscape, our FinTech Group's legal expertise facilitates a cutting edge approach to advising companies in this sector. Our clients include domestic and international financial services and technology companies and our team provides a complete legal service for related legal needs. 

Our FinTech legal advice is wide ranging and includes: the development; acquisition and use of technologies and services; strategic software development agreements; IT managed and shared services arrangements; complex transitional services agreements; transactional advice and business process outsourcing. We also advise clients in relation to technology, financial regulation, compliance, risk management, data privacy, financing, cyber risk and the implications of Brexit.

In addition, A&L Goodbody is a member of the Fintech and Payments Association of Ireland.

Relevant experience includes advising:

  • Bank of Ireland in relation to the negotiation of numerous contracts for IT and transaction processing services.
  • Certus on the information technology services aspects of the outsourcing of the loan administration function for €10bn of Bank of Scotland plc loan books (formerly owned by Bank of Scotland (Ireland) Limited).
  • Allied Irish Banks on the procurement of a business critical enterprise storage solution and related technology services.
  • Accenture on a number of outsourcing and IT contracts in Ireland, including with Microsoft and Electricity Supply Board.
  • Prudential International Assurance plc on a significant outsourcing to Capita.
  • Deutsche Borse on Eurex Clearing Rules and related Fintech technology.
  • Irish Life & Permanent plc on the IT and business process separation of Irish Life from Permanent TSB.
  • Bloomberg in relation to the IP and technology aspects of its acquisition of Irish data analytics company Polarlake and related Fintech technology.
  • Aviva in relation to the transitional technology arrangements relating to the disposal of its interest in Ark Life and related Fintech technology.
  • State Street / Currenex on Irish regulatory aspects of the provision of a multi-bank trading platform in Ireland.
  • The Irish Stock Exchange in relation to a significant IT project for the support of its listing services and related Fintech technology.
  • A leading financial institution in Ireland in relation to the digitisation of its banking and payment services together with the development and rollout of a related software platform and related Fintech technology.
  • A large banking institution in relation to the use of electronic signatures as a means of executing online supply agreements and related Fintech technology.
  • A regulated payment institution (that provides services throughout the EEA pursuant to passport rights) on the enforceability of electronic signatures and proposed changes to the legal framework for electronic signatures and electronic documents.
  • JPMorgan 'Chase Paymentech' on authorisation as a payment institution and ongoing advices, including significant market structuring issues and related Fintech technology.

"The quality of this firm is exceptional in all areas."

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