Traditional banks and fintechs are joining forces, reshaping finance through partnerships that merge traditional stability with cutting-edge innovation. These alliances often create powerful synergies in response to evolving consumer needs. Morgan Lewis guides clients through the regulatory mazes, complex agreements, IP concerns, and data privacy issues associated with these ventures. We help clients facilitate the collaborations that can fuel growth.
Comprehensive Partnership Guidance
We provide legal counsel across all stages of partnership development. Our goal is to ensure smooth collaboration and regulatory compliance. We advise clients on:
- Designing and structuring innovative financial products
- Adhering to licensing requirements across jurisdictions
- Implementing comprehensive compliance frameworks and best practices
Understanding the Lay of the Land
The current regulatory environment for bank-fintech partnerships is both complex and changing. Because we are fluent in the many distinct aspects of both the banking and technology sectors, we can provide the nuanced legal guidance needed for clients to realize their greatest ambitions. We advise on and advocate for client interests before:
- Federal banking agencies including the OCC, Federal Reserve, and FDIC
- Consumer financial services regulators such as the CFPB
- State regulatory bodies overseeing banking and financial services
Proactive Strategies for Regulatory Engagement
We leverage our skill and network of positive working relationships to help clients advance their business objectives with regulators. Our experience includes:
- Conducting regulatory due diligence for a variety of transactions
- Developing strategies that address examination findings
- Representing clients in confidential regulatory investigations
Protecting Partnership Viability
When disputes arise between partners or as the result of outside controversy, we are prepared to defend clients faced with daunting regulatory proceedings and litigation. Our approach to dispute resolution includes:
- Developing comprehensive litigation strategies that are as distinct as the dispute and industry itself
- Leveraging our legal and sector know-how to construct compelling arguments that can resonate with opposing counsel and the courts alike
- Negotiating favorable settlements when it most benefits our clients