Fintechs

Fintechs – Automated advice, Peer to Peer (P2P) and VASPs

If you’re a Fintech, you’ll need legal and compliance support from a firm that not only has an in-depth knowledge of financial services, but is able to take a practical approach to help you establish where you fit within the regulatory network and deal with the relevant regulators.

Automated Advice and Investing

There is no specific regulatory framework to deal with robo-advice or other types of automated investing, so participants must fit into an existing regime. ASIC’s RG 255 discusses its view to providing digital financial product advice to retail clients.

We act for a significant portion of the digital advice industry and welcome questions about entering into this market.

Peer-to-peer lending, investing, foreign exchange, payments, you name it!

Technology has removed the need for a trusted “middle man”. We act for many peer-to-peer providers, many of whom are captured by Australia’s financial services, credit and AML/CTF legal frameworks.

You may need to apply for an AFSL, apply for an ACL, enrol with AUSTRAC, or get relief from existing regulation – but leave that for us to find out!

Our commercial team can also assist with the commercial needs of a start-up, from employment contracts to leases and terms and conditions.

Useful insights for Fintech businesses and start-ups

Blog update
How can a computer comply with the Best Interests Duty (BID)?

The best interests duty Section 961B of the Corporations Act 2001 (Cth) (“the Act”) requires a provider of financial product advice to act in the best interests of the client…

Blog update
Essential things you should know about contracts

Even if you engage lawyers to draft or review your contracts, there are some essential things you should know. 1. The contract document does not necessarily reflect the whole agreement…

Blog update
10 tips to keep your promotional material from being misleading or deceptive

Whether your business provides financial services, credit services or anything else, you are legally responsible for the content of the promotional material that you publish, or otherwise make available, in…