Financial institutions and disruptive companies alike trust Linklaters with their most complex FinTech projects. We believe it is a testament to this experience that we have worked with such a diverse client base at all stages of growth, from early-stage start-ups to established financial institutions.

We have consistently held the position of market-leaders in advising on the application of new technologies to finance, from the implementation of SWIFT payments to the advent of blockchain and digital currencies, and everything in-between. Long before the term “FinTech” was coined, we had been working on many of the most prominent and ground-breaking technological developments in financial markets for many years.

Our strong relationships with regulators, banks, insurers, funds and infrastructure and service providers mean that we understand the issues that affect every area of the financial technology ecosystem. This enables us to deliver incisive, informed and innovative advice across the fintech spectrum.

Selected highlights of our Fintech experience include advising:


  • Ethereum Foundation on various matters. Ethereum is one of the creators of one of the main blockchain technologies
  • a consortium of financial institutions on their project to develop a private virtual currency (the Utility Settlement Coin (the USC)) using blockchain technology, to be used for settling financial transactions
  • a leading market infrastructure provider as to the use of blockchain and its regulatory implications
  • an international investment bank on its internal policy guidelines relating to blockchain and Bitcoin

Token Offerings

  • on preliminary issues relating to token issuances in multiple jurisdictions including discussions with various regulators
  • Identitii (a FinTech start up which uses tokens and distributed ledger to improve compliance in payments and KYC) in their participation in the Monetary Authority of Singapore Hackcelerator
  • on the involvement in issuance of a blockchain bond in the US
  • Power Ledger on the securities analysis of their digital tokens

Digital Payments

  • Payconiq Holding B.V. on the joint venture between ING and KBC for the development and roll-out of the Payconiq payment solution in The Netherlands and Belgium.
  • Citi, Bank of America, HSBC and other global financial institutions on the development and global roll-out of electronic bank account management (EBAM) propositions
  • HSBC on its PSDII compliance project, the development of a digital payments bureau for institutional clients and agency banking customers and the restructuring of its global terms and conditions for use via its e-channels.

Digital Platforms

  • Barclays, Lloyds, Swiss Re, LV, Zurich, Aegon and other banks and insurers on the development of online distribution platforms.
  • multiple online FX platforms, including designing appropriate booking structures, advising on regulatory licensing implications, drafting terms of business and client agreements, and obtaining relevant foreign regulatory advice.
  • various fintech suppliers on product clearance advice in 20+ markets around the globe, including in particular, technology solutions to assist with anti-money laundering and KYC screening.


  • an international online information provider on data protection and other regulatory issues arising from the launch of a new cloud-based KYC/AML product in several Asian jurisdictions
  • on the development and ongoing compliance of transaction reporting platforms such as Boat, Trax and Swapswire designed to meet regulatory transparency requirements
  • Thomson Reuters, Unicredit, State Street and others on the development of compliance utility platforms to provide services such as AML/KYC, Employee Trade Monitoring and FATCA compliance, the development of global data breach reporting tools and privacy e-learning tools to assist financial services clients with the implementation of effective compliance

Fintech M&A and IPOs

  • a U.S. venture capital fund on its acquisition of a stake in a fingerprint authorization payment business in China
  • Aioi Nissay Dowa Insurance on the acquisition of ‘Insure The Box’ telematics business
  • Deutsche Börse AG on the full acquisition of the electronic foreign exchange trading platform 360T and bid for the London Stock Exchange
  • on the sales and IPO processes for esure, MetroBank, FlowTraders and the dual track IPO of Network International

Fintech JVs and Consortia

  • on the establishment of many consortia of financial services companies to develop new trading technologies, including those involved in the Turquoise, BOAT, OTCDerivnet and Swapswire platforms
  • FXGlobalClear on its joint venture with LCH
  • Clearnet, Monitise plc on its joint venture with Metavante, and S.W.I.F.T. on a joint venture with six banks in India to provide a domestic financial messaging service in India
  • Reliance on the creation of a variety of strategic partnerships to provide the network, m-commerce and content services required for its 4G roll-out in India

Fintech Financing

  • a U.S. investment group on a landmark deal with Funding Circle, the UK P2P platform, to lend £132m to small businesses
  • Deutsche Börse and Markit on their investment in IFM Fintech Opportunities LP and its investment adviser, Illuminate Financial Management LLP
  • The Bank of East Asia on its strategic co-operation with Tencent’s WeBank – the first officially launched online bank in China

Event highlights 
  • Blockchain week – London, January 2018. Julian Cunningham-Day chaired a panel at Blockchain week 2018 exploring enterprise blockchain trends focussing on what tangible benefits we will see for enterprise blockchain in the next year.
  • Blockchain workshop – London, January 2018. Linklaters hosted a two-day blockchain developer workshop run by The Blockchain Connector. This event, which was attended by approximately 25 developers, financial professionals and legal advisers, featured a combination of talks and hands-on development of decentralised applications on the Ethereum platform.
  • Blockchain and energy conference – London, November 2017. Linklaters was proud to sponsor the inaugural eBlockchain conference, which brings together innovators and influencers in the blockchain and energy space to talk about smart contracts, tokens and the current state of play.
  • Fintech Festival, Singapore, November 2017. Linklaters was delighted to participate in this inaugural week-long Festival which brings together a series of distinct, back-to-back fintech events. We were once again ‘Friends of FinTech’ sponsors for the Festival and hosted three events: a workshop on “Leading the customer’s digital journey”; an industry drinks networking event; and our very own “Legal Scrum”.

  • FinTech Week, London, July 2017. Linklaters were delighted to sponsor London Fintech Week for the third year and be the key sponsor for the blockchain and cybersecurity day on 13 July. The week comprised a series of conferences, hackathons, exhibitions and parties intended to bring together leading innovators and investors in the fintech space.

    London FRG Partner Harry Eddis moderated a panel discussion on the topic: “Cryptocurrencies 2.0: a discussion on central bank digital currencies (CBDCs)”.

Further Reading 

FCA Feedback Statement Highlights: This 2-pager summarises the UK FCA Feedback Statement on its Discussion Paper (DP 17/03) on Distributed Ledger Technology (DLT) - published December 2017. The FCA strikes a careful balance between innovation and regulation and flags key legal and regulatory risks in relation to digital currencies, smart contracts and ICOs.

U.S. Regulators Outline Approach to Virtual Currencies, ICOs and Distributed Ledger Technologies: This client alert discusses U.S. regulators' approach to the prospects and challenges in the market for virtual currencies following a recent testimony before the U.S. Senate Banking Committee. 

Smart Contracts and Distributed Ledger – A Legal Perspective is a whitepaper, co-authored and published by the International Swaps and Derivatives Association (ISDA) and Linklaters.

Blockchain Reaction 9 months on: This updated Blockchain Reaction report by our Australian alliance firm, Allens, examines the blockchain landscape, covering topics such as how regulators are addressing the risks associated with DLT, potential interoperability issues, real-life use cases and the benefits of robust governance structures.

For Fintech, challenges and opportunities lie ahead: The wave of financial technology companies, more popularly called fintech firms, has affected our lives in many ways, including in Indonesia, as fintech offers simplicity, speed, cohesiveness and streamlined processes. Many fintech players, such as Doku, Uang Teman, Iwak, Tanihub, Amartha, Go-Pay, Investree and many more, are already offering a variety of services in Indonesia.

London Fintech Week 2016 QuotesFintech Week reminded us all about the massive scale of activity and creativity taking place in London right now. Regulators, incumbents, innovators and advisers are all in the mix, helping to make new financial technologies a reality for consumers and businesses.

Blockchain Reaction: A report by our Australian alliance firm, Allens, designed to assist business stakeholders, decision makers and in-house counsel across a variety of sectors to understand the technology and how it is being used, as well as navigate the regulatory and legal opportunities and challenges. Along with how distributed ledger technology should be governed and regulated, the report considers the key concepts, current and potential use cases, and the looming transformation posed by smart contracts. It also provides recommendations for businesses and regulators.

Fintech: the next wave of disruption: Adrian Fisher, Counsel in our Singapore office, looks at why fintech is such a disruptive force and the opportunities and challenges it presents for key market players.


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