FinTech

Information and communication technologies in financial services

The dynamic development of information technology also has a huge impact on financial services. Innovation and new solutions bring competitive advantages, and the increased use of modern technologies in financial services (Financial Technologies) is an important trend and the future of financial services.

We were the first in the local market who responded to these changes as early as in 2015 by establishing a specialised advisory group with a unique focus on FinTech. Our legal experts have contributed to this advisory group with their long experience in banking and finance law, IT law, regulation of personal data protection and banking secrecy, corporate law and tax law. Our experts can also advise on civil law contractual obligations focused on electronic contracts.

Hence, we have set up a team of experienced lawyers offering client solutions in the following areas:

• Financial services regulation in connection with the use of modern technologies
• Protection of banking secrecy and client personal data
• Completely electronic provision of financial services
• Application of biometric technologies and electronic identification solutions
• Electronic payments and digital currencies 
• Outsourcing in financial services 
• Consumer rights and modern technologies
• Software development and implementation (including cloud solutions)
• ICT infrastructure protection (data storage), including cyber-security
• Software protection and other intellectual property rights
• Mergers and acquisitions in financial services using modern technologies

Our lawyers focus extensively on Czech and Slovak law and have many years of experience in the application of European law. They have also gained a wide knowledge of key jurisdictions elsewhere, including court decisions and practices and trends in FinTech. We work with leading foreign and global law firms, which enables us to take advantage of experience from the most developed world markets.