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Germany Sets Out Regulatory Requirements for Fintech Companies

Introduction

The growth of fintech in Germany has led to a proliferation of innovative financial services, with new companies leveraging digital technologies to provide solutions for established institutions. However, this rapid expansion also brings complex regulatory challenges.

As the country’s leading IT law firm, Noerr is well-positioned to advise fintech firms and their partners on the intricate legal landscape governing these businesses. With expertise spanning company, IT, and intellectual property law, as well as regulatory matters, Noerr provides comprehensive support for fintech companies navigating Germany’s regulatory environment.

Compliance Requirements

Fintech firms operating in Germany must contend with significant compliance requirements, driven by national rules and regulations that often dictate the terms under which they operate. Legal advice in this field requires a deep understanding of IT and data protection issues, as well as the ability to navigate complex cross-border activities.

Expertise at Noerr

Noerr’s team of experienced specialists provides interdisciplinary advice on all legal and tax-related issues related to fintech, including:

  • IT projects, data protection, and IT security: Noerr advises clients on the development and implementation of secure digital solutions.
  • Digital media and e-commerce: The firm assists clients with digital business models, online marketing, and regulatory matters in this field.
  • Complex cross-border outsourcing projects: Noerr provides guidance on international cooperation agreements and contract negotiations.
  • IT transactions and restructurings: The firm advises on M&A transactions involving IT companies and restructuring strategies.

Financial Regulatory Matters

In addition to IT law expertise, Noerr also advises on financial regulatory matters, covering topics such as authorisation proceedings, exemptions, and ongoing business activities. The firm’s experience in this area includes supporting clients with:

  • Obtaining necessary licenses: Noerr assists clients with obtaining the required licenses under German banking, payment services, investment, insurance supervision, or stock exchange laws.
  • Meeting requirements for money laundering law: The firm advises on risk management and internal governance to ensure compliance with anti-money laundering regulations.

Start-up Advice

Start-up advice is another key area of expertise for Noerr, which understands the challenges faced by young fintech companies. The firm provides guidance on:

  • Stabilizing shareholder groups: Noerr helps clients develop strategies to stabilize their shareholder groups and maintain a stable ownership structure.
  • Acquiring funding necessary for further growth: The firm advises on various funding options and assist with negotiations with investors.
  • Developing expedient solutions that balance competing interests: Noerr provides guidance on finding efficient solutions to complex problems while balancing competing interests.

Intellectual Property Law

Finally, Noerr’s IP law team advises on data processing and patent protection, helping clients optimize their intellectual property rights in the financial sector.

Conclusion

As fintech continues to evolve in Germany, it is essential for companies to have a deep understanding of the regulatory landscape. By providing comprehensive advice and support, Noerr helps fintech firms navigate this complex environment and achieve success in the country’s rapidly expanding fintech market.