FINANCIAL TECHNOLOGIES (FINTECH)

The development of the FinTech industry is exerting an increasing influence on the financial sector in Poland. In the field of FinTech, both startups are taking their first steps in the market and large, experienced companies. They provide various financial products through online channels. This category includes banks, payment and lending institutions, insurance companies, and entities utilizing Blockchain technology.

RPMS law firm’s attorneys offer professional FinTech legal services for companies in the financial sector. Our services are aimed at entrepreneurs dealing with financial technologies and entities whose main focus is investment or fundraising.

Payment Services

Comprehensive support for domestic payment institutions in achieving their goals and projects, including:

• Assistance in obtaining licenses required for conducting FinTech activities in the EU;
• Preparation and implementation of complete documentation for modern payment services;
• Assistance and adaptation of business operations to the provisions of PSD2 Directive (including Third Party Provider and XS2A standards).

Crowdfunding Advisory

We provide guidance in launching a crowdfunding platform and offer ongoing legal support for FinTech companies, encompassing proven legal solutions. FinTech includes the preparation and implementation of concepts and documentation that consider recipient expectations, business model foundations, and business optimization and security.

Consumer Finance Advisory and Legal Assistance

We develop and implement services related to consumer credit. We prepare comprehensive documentation regulating the process of entering into and executing such agreements. This service exclusively employs consumer-oriented and secure legal solutions.

Investment Fund Project Support

We design, establish, register, and provide ongoing support for investment fund companies. This involves market research, document preparation, and the delineation of operational directions.

Advisory for KNF (Polish Financial Supervision Authority) Inspections in Brokerage Offices and Investment Funds

We support brokerage offices and Investment Fund Companies during KNF inspections. We advise on a seamless inspection process and the necessary documentation. We analyze the operation of brokerage offices in light of legal requirements, help rectify errors, and present and implement optimization plans.

Implementation of KNF Guidelines

We assist in the implementation of KNF guidelines regarding the management of information technology and the security of the IT environment. Our services encompass the banking sector, insurance, brokerage houses, OTC derivatives markets, domestic payment institutions, and cooperative savings and credit unions.

AISP (Account Information Service Provider) Status Acquisition

As specialists in IT legal services, we have experience in obtaining AISP status for our clients. This status allows the provision of access services on behalf of the user in their payment account and the retrieval and processing of transaction history, such as for credit assessments.

Internal Audit

Independent, objective examinations of procedures and processes within FinTech companies, including risk management, control, and organizational order. We identify errors, market-favorable solutions, advise on development, and recommend necessary changes.

MiFID Directive Compliance

Our offer for brokerage industry clients includes comprehensive support in implementing and complying with the MiFID Directive concerning financial instruments and products.

Preparation of Internal Compliance Procedures

Comprehensive compliance services for the FinTech industry: legal safeguards, essential documentation, employee training, comprehensive operational analyses, GDPR implementation, and more.

KIP (National Payment Institution) and MIP (Small Payment Institution) Status Acquisition

We guarantee assistance in obtaining KIP and MIP status and provide ongoing support and advisory services for KIP and MIP.

AML (Anti-Money Laundering) Procedure Preparation and Reporting to GIIF

Service for accounting offices and other obligated entities in the FinTech sector, involving the implementation of AML procedures. Additionally, we provide support in reporting potentially suspicious transactions to GIIF (General Inspector of Financial Information).

Smart Contract Advisory

As one of the few law firms in the market, we offer expertise and technical support for smart contracts. These are self-executing mechanisms in the form of computer programs, enabling automated contract creation and verification. With our assistance, you can smoothly and securely implement them in your business.

Cryptocurrency and Tokenization Support

We assist in optimizing operations related to cryptocurrencies, advise on cryptocurrency payment handling, prepare the necessary documentation, and represent clients before market control institutions. We also provide guidance on tokenization and prepare the required structures and procedures.