- Significant Matters
The growing impact of digital technology in the financial services sector (fintech) is on the agenda for regulators and supervisory bodies across the globe. Many are creating ‘regulatory sandboxes’ as controlled environments within which innovation can occur.
The regulation of fintech presents both opportunities and challenges for regulators, fintech companies and more traditional financial institutions alike.
We help our clients to understand and navigate the rules governing not only their participation in the financial services environment, but also the financial products they create and sell in the market.
Our fintech team comprises lawyers with expertise in various specialist areas of law from banking financial services regulatory and technology, media and telecommunications to competition, data protection, governance, compliance and investigations, M&A and tax.
Our comprehensive service offering ranges from forming financial service businesses and licensing financial products; to engaging with regulators and ensuring regulatory and investment compliance; to corporate activity involving regulated entities (e.g. due diligence, de-risking, acquisitions, public offerings); and dispute resolution.
We are also recognised for our expertise in information technology: we were named Technology, Media and Telecommunications Team of the Year at the African Legal Awards in 2017 and are ranked in Band 1 for IT & Telecommunications by Chambers & Partners. The publication recognised our “impressive ability to focus on what is important” and said that we have “substantial resources”, “really good regulatory people who understand legislation and policy” and that we “always provide an excellent service”.
Our clients span the full spectrum of financial institutions, including banks, insurers, collective investment schemes, account managers, pension funds, medical schemes, hedge funds and regulators.
Our specialist services include advising on:
- Finance and structuring
- Impact investing
- Private equity
- Exchange control
- Data security
- Public procurement
- Dispute resolution
Access our fintech resources below:
- Unscrambling Blockchain – Session 1 (Regulatory Frameworks)
- Unscrambling Blockchain – Session 2 (Smart Contracts)
- Unscrambling Blockchain – Session 3 (Cryptocurrency and tax)
- Unscrambling Blockchain – Session 4 (Cryptocurrency and IP in Africa)
- Unscrambling Blockchain – Session 5 (ICOs, STOs, IPOs and global regulatory approaches)
- Lexology Q&A guide to fintech in Kenya
- Lexology Q&A guide to fintech in South Africa
- Thomson Reuters Practical Law Q&A to FinTech in South Africa
We assisted Zenoic (trading as Iosiro) in drafting the terms for its provision of smart contract auditing services to leading fintech venture capital firm, Newtown Partners. We also assisted Iosiro in drafting standard terms and conditions for its provision of ICO-related consulting and software development services, ranging from advice on token sale strategy and design, to technical security reviews and development of smart contract source code.
We assisted Plus500SA, an online CFD trading platform listed on the London Stock Exchange, in setting up a South African subsidiary and obtaining a financial service provider licence from the Financial Services Board.
We acted as local South African counsel to Clearscore Technology, a leading fintech business in the United Kingdom that offers free credit scores to individuals, advising on the South African aspects of its acquisition by Experian for GBP 275 million. This was one of the largest fintech exits in the UK.
We advised Branch International, a social-media linked mobile phone lending application, on borrowing facilities of up to USD 25 million from Victory Park Capital.