Driving excellence in disruption

Fintech  and disruption have become synonymous. From cross-border currency transactions to peer-to-peer lending, fintech firms globally are harnessing the sharing economy and growing connectedness of customers to improve accessibility and cost-effectiveness of financial services.

AG's global, multi-disciplinary specialists have advised both start-up and scale-up fintechs as well as financial institutions looking to harness emerging technologies and PE/VE investors in the sector. 

We are highly active in the wider fintech community, and operate our own accelerator program, AG Elevate. We have advised international governments, regulatory bodies and trade bodies on developments in the fintech and financial services landscape, putting us at the forefront of issues impacting the sector. 

We are one of a handful of firms who sat on the Open Banking working groups developing the open banking ecosystem and are the only firm to join HMT's Open Finance taskforce. We are sole legal advisor on the UK Finance Digital Money Steering Group which is considering the challenges and opportunities of a UK Central Bank Digital Currency and reports output through to the Bank of England.   

In the Middle East, the team have led pioneering projects in the private and public sectors. This includes designing a tokenization framework in Qatar, assisting with developing an Open Banking regime in Saudi Arabia, and supporting with the establishment of the virtual asset regulatory authority in the Emirate of Dubai. In addition, they have developed a number of novel precedent documents for global market-leading technology entities and have also helped establish the world's first tokenized fund.  

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Financial Regulation

Our market-leading global Financial Regulatory team regularly advise governments, challenger banks, neo banks, SME finance providers and payment services providers, as well as start-up and growth financial service firms, on a full range of legal and regulatory issues affecting financial service firms. This includes being well versed with financial regulators in our operating regions, as well as anti-money laundering, consumer credit, conduct of business and e-commerce matters. 

Corporate: Fundraising, M&A and IPOs

We have a dedicated financial services transaction team within our corporate practice, which advises on the full spectrum of equity fundraising, M&A and provisions of corporate advice. The team leads deals in the financial services and fintech sector from capital raisings, domestic and cross border M&A, debt portfolio transactions, strategic tie ups, joint ventures, commercial investment and restructuring to significant regulatory driven projects. We work closely with our Equity Capital Market team (ECM) who solely focus on IPOs, public fundraising, and listed company transactions.

Commercial

Our multi-discipline fintech team pulls together the legal and compliance disciplines which we believe are most often required by fintech businesses or businesses engaging fintech including commercial, technology, IP, data, banking, corporate and regulatory legal and compliance expertise. This team provides a unique, fully integrated team of specialists who understand both the financial services sector but also the differentiated FinTech offerings, models and platforms that are (and will continue to be) central to today's financial services evolution.

Digital Assets & Blockchain

We provide comprehensive regulatory guidance and legal advice, catering to the needs of both innovative start-ups and well-established financial entities. Our team is proficient in navigating the complex legal environment surrounding blockchain innovations and digital asset initiatives, offering expertise in areas from cryptocurrency to CBDCs to NFTs and beyond. With a deep understanding of blockchain technology and the broader spectrum of digital assets, we aim to transform regulatory hurdles into competitive advantages for our clients. Our unique blend of experience in financial market regulation and a thorough grasp of the fintech and blockchain industries, ensures that you are not only compliant with existing laws but also strategically positioned for future success.

Dispute Resolution

Our reputation is second to none in high-profile, high-value disputes arising from industry-wide issues affecting the financial services sector. We advise fintechs on a range of contentious matters including in relation to; joint ventures, payments, investments, IT, crypto-currency related disputes as well as general commercial and corporate disputes.

Payments

We have one of the largest and broadest payments practices and have worked on the some of the highest profile and innovative payments projects of the last decade. Our lawyers frequently advise payment service providers, technology companies, retailers and banks on a range of payments systems, payment methods (including cards and alternative payment methods), and the underlying infrastructure that supports and connects the payments value chain.

Our experience

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GoCardless

Advising GoCardless on its acquisition of the NuaPay.


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HSBC Commercial Banking

Advising HSBC Commercial Banking on the beta launch of HSBC Kinetic, a new business banking service with a smart app designed to help businesses manage their finances easier.


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Solarisbank 

Advising Solarisbank on its acquisition of Contis. 


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FNZ

Advising FNZ on its platform as a service agreement in respect of the provision of regulatory compliant investment transaction and administration outsourcing services to a leading wealth asset manager.


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PaySafe

Advising PaySafe with its implementation of the open banking requirements under PSD2, which will enable access to third party providers.


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Cryptocurrency exchanges in Asia

Acting for one of the largest cryptocurrency exchanges in Asia in a debt recovery case where a professional trader bought coins but refused to pay for them.


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Tumelo

Advising Tumelo on all aspects of its technology proposition as it starts to integrate its software with investment providers to help them win new clients and increase assets under management by engaging underlying investors with transparency and shareholder voting. This has involved advice around Tumelo's enterprise SAAS contracts, its IP policies in terms of its software development, protection of its brand and corporate matters such as equity investment and staff incentives.


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Apple Pay

Acting for a number of issuers and card schemes in relation to the launch of Apple Pay. Providing regulatory and contractual advice in relation to implementation of the platform and associated digital enablement (tokenisation) services.


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Qatar Financial Centre (QFC)

Advised the Qatar Financial Centre (QFC) on the development of its Digital Asset Token Regulation including the licensing framework for the different Digital Asset Services.


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Advising on international peer to peer payments utilising a mobile payments platform including settlement arrangements through correspondent banking.


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Tabby

Advising Tabby with its Short-Term Credit, Debt Collection, Stored Value Facility, Buy-Now-Pay-Later licenses in the UAE, KSA, and Qatar.


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Dubai Government

Assisted the Dubai government to develop a first-of-its-kind comprehensive regulatory framework concerning virtual assets.