FINANCIAL TECHNOLOGY

ǼLEX recognises the evolution of the financial sector and the resultant interest and activity in financial technology (FinTech) has increased dramatically in recent years.

With digital innovation driving an unprecedented shift in financial services, we offer a full range of legal services that FinTech innovators need to develop and adopt products and services namely, crowdfunding, e-payment platforms, cryptocurrencies, digital banking and peer-to-peer lending.

Our FinTech team supports clients, ranging from investors and start-ups to established financial institutions and technology and telecom companies, involved in the FinTech sector. We also advise companies that partner or invest in FinTech companies and financial institutions and asset managers that develop FinTech products and services. We regularly advise on the interaction between technology, data use and developments in financial regulation.

For a comprehensive understanding of financial products and market infrastructure, we develop and maintain strong relationships with FinTech industry groups. We also have unparalleled regulatory insights that help us keep abreast of the business and digital strategies of our clients while leveraging on our strong team of lawyers with prior regulatory, government, trade association and in- house expertise to keep abreast of evolving regulatory, policy, trade issues and related trends.

The firm’s collective expertise ensures that clients receive pragmatic commercial advice that will help develop data-driven, scalable, secure and compliant FinTech solutions.

As a Data Protection Compliance Organisation duly licensed by the National Information Technology Development Agency (NITDA), we have the capacity to conduct trainings, auditing, consulting and rendering services and products for the purpose of compliance with the Nigerian Data Protection Regulation or any foreign Data Protection law or regulation having effect in Nigeria.

We counsel our local and international clients on a range of issues which include:

• Payment services
• Peer-to-Peer (P2P) debt and equity financing
• Data protection & privacy
• Robo advisory
• Crowdfunding
• Regtech
• Internet of Things
• Artificial intelligence
• Blockchain
• Smart contracts
• Cryptocurrencies
• Initial coin offerings and Initial Exchange Offerings
• Cybersecurity
• eCommerce and internet services