Arthur Cox brings strong domestic and cross-border experience to the fintech sector, with particular expertise in the blockchain market, where it assists with data protection, technology, tax structuring, and IP matters. The team works with a broad range of clients, including established technology companies, global financial institutions, start-ups, and investors. The practice is led by the trio of financial regulation expert Robert Cain, corporate law specialist Maura McLaughlin, and Colin Rooney, who focuses on data and IT matters. Ailish Finnerty has extensive experience of assisting international investors with tax planning, while Ian Duffy regularly advises financial institutions on outsourcing and digital transformation projects.
Fintech in Ireland
Robert Cain; Maura McLaughlin; Colin Rooney
Other key lawyers:
Ailish Finnerty; Ian Duffy
‘The team is always responsive – it is the client first with Arthur Cox every time.’
‘Rob Cain is business-focused & solutions orientated. He has a wealth of experience in the payments space and knows the regulatory details inside out.’
PFS Card Services (Ireland) Limited
- Advised Tiger Global Management, LLC on all aspects of its Series B investment in Scalapay Limited (Scalapay), the Italian-based software financial technology company.
- Advised Concord Acquisition Corp. on its proposed business combination with Circle Internet Financial Limited.
- Advised EML Payments on a range of matters, including agreement to acquire Sentenial and Open Banking brand Nuapay.
Mason Hayes & Curran LLP is well known for advising on the full spectrum of fintech work, including digital payments, cryptocurrencies, big data analytics, contracts, and artificial intelligence. Of late, the team has been active assisting multiple fintech companies with establishing their business in Ireland post-Brexit. AI and insurtech specialist Liam Flynn co-heads the team with Rowena Fitzgerald, who regularly works with domestic and international institutions on matters related to Irish and EU financial services law. Oisín Tobin advises technology companies on data transfer and privacy strategies, and Sarah Cloonan handles regulatory issues for new technology clients.
Liam Flynn; Rowena Fitzgerald
Other key lawyers:
Oisín Tobin; Sarah Cloonan
‘The team renders great regulatory advice to clients. They know the regulator and the Fintech landscape well and communicate well with the clients.’
‘Sarah Cloonan and Rowena Fitzgerald are great partners. They have a deep knowledge of regulatory law and the administrative practice of the local regulator.’
‘The team provides pragmatic advice, an excellent understanding of how the Central Bank of Ireland might act, and a particular understanding of challenges faced by Payments Companies in a regulatory context.’
‘Rowena Fitzgerald is a class act. She is very reassuring but equally positive and strong in her advice.’
‘The team has been building its expertise in the Fintech area and keeps abreast of the latest developments. The team is very knowledgeable and always responds in a timely fashion. They are, at all times, both professional and collaborative. They take on board any suggestions for improving and developing the working relationship, e.g. providing upfront clear billing quotations.’
‘Rowena Fitzgerald stands out not only for her regulatory knowledge in the Fintech space but also her communication style, which is clear, professional and collaborative. Sarah Cloonan is also professional and personable and very collaborative.’
‘The team offers the best, most practical support in navigating the requirements and expectations of the Central Bank in the FinTech space.’
‘The advice and guidance provided by Rowena Fitzgerald are invaluable. She is the epitome of the “trusted advisor”. Her practical, straightforward advice and her approach are dependable and solid when dealing with complicated, challenging legal issues. Sarah Cloonan provides excellent insight into the real issues and brings a wealth of practical experience in her advice on including Fitness & Probity, outsourcing, operational resilience and safeguarding.’
Addition Two L.P.
BlueSnap Payment Services Ireland Limited
Tulip Assist Insurance Ltd/Tulip Assist B.V.
Companjon Insurance DAC
Gaman Innovation Limited
- Advised Addition Two L.P. on an Acquiring Transaction Notification (change of control) to be made to the Central Bank in connection with the Series D Financing.
- Advised Tulip on its proposed entry into the Irish gadget insurance market.
- Advised Companjon, an innovative, digital add-on insurer on post authorisation matters as it establishes its pan-EU distribution network.
Matheson LLP relies on the experience of its financial regulatory, technology and commercial practices to provide comprehensive advice to fintech clients. In addition to handling a high proportion of work related to e-money services, blockchain and outsourcing, the team is highly active in the virtual assets space, where it helps clients with registration in Ireland. Joe Beashel has longstanding experience in the field of financial services regulation and jointly heads the team with Anne-Marie Bohan , who regularly assists technology companies with privacy and regulatory issues. Louise Dobbyn advises on all aspects of Irish and EU financial regulation.
Joe Beashel; Anne-Marie Bohan
Other key lawyers:
Gráinne Callanan; Louise Dobbyn; Ian O’Mara; Ciarán Moloney
‘Joe Beashel is exceptional in terms of knowledge, practical advice and judgement.’
‘The fintech team is market leading, with a broad practice and excellent knowledge of the industry and its regulations.’
‘Joe Beashel is an outstanding lawyer and market leader in the fintech space. He has a great team in which Ian O’Mara and Ciarán Moloney stand out in terms of knowledge, speed of delivery and responsiveness.’
‘The team has a first-class understanding of the Irish financial services regulatory landscape.’
‘Joe Beashel is an excellent lawyer with a deep understanding of the market. Ian O’Mara is a top-class lawyer and is always on hand to give focused, commercially astute advice.’
‘The team is very responsive. Regardless of how significant an issue is, it gives great confidence and comfort to know that Matheson is always available to provide support.’
‘Joe Beashel has his finger on the pulse of industry and regulator. He always seems to know the right level to pitch issues with regulators. Louise Dobby has great agility to read into matters at short notice.’
Allied Irish Bank plc
- Advised Gemini Digital Assets Limited on the successful registration as a Virtual Asset Service Provider by the Central Bank of Ireland in July 2022.
- Represented Vertex Inc. on an acquisition, including material analysis and legal negotiations, from the technology and data protection team.
McCann FitzGerald LLP is highly active in the fintech space and handles a considerable proportion of authorisation and registration work for virtual asset and crowdfunding service providers in Ireland. The team also assists with all matters related to transactions involving the sale and purchase of fintech firms, including due diligence, compliance with applicable regulatory requirements, and drafting transaction documents. Josh Hogan heads the practice and regularly advises payment services, blockchain, and crowdfunding clients on financial services regulation; he is supported by senior associate James Fitzgerald. Adam Finlay and Doug McMahon specialise in matters related to data protection, cybersecurity, information technology, and outsourcing.
Other key lawyers:
James Fitzgerald; Adam Finlay; Doug McMahon
‘Josh Hogan and his team have an excellent knowledge of the specifics of crowdfunding regulation within the wider banking and financial services sector.’
‘Josh Hogan is approachable and patient.’
‘The team is responsive and keen to work with the client’s business. They provide useful input into shaping ours questions and detailed, insightful advice.’
‘Josh Hogan is very responsive and knowledgeable on financial regulation.’
‘Turnaround times are good.’
Boku Inc., Boku Network Services Ireland Limited
Aftab Currency Exchange Limited
Pollen Street Capital
Capitalflow and Pollen Street Capital
Sors Digital Assets
National Transport Authority
- Advised a number of FinTech clients on various financial services regulatory regimes and applications to the Central Bank of Ireland for authorisation.
- Advised a number of clients on launching new products in compliance with financial services regulatory legislation.
- Assisted vendors and purchasers with M&A transactions in the FinTech sector.
William Fry covers all corners of the fintech market, with a particularly strong presence in the field of payments and electronic money. The team is currently working with the European Commission on the regulation of distributed ledger technology and blockchain in Ireland. Shane Kelleher has extensive expertise of financial regulation and jointly heads the team with data protection and cybersecurity law expert John O’Connor. Máire O’Neill has longstanding experience of handling investment and acquisition transactions in the fintech sector. Louise McNabola specialises in assisting technology companies with registration and authorisation applications in Ireland.
Shane Kelleher; John O’Connor
Other key lawyers:
Máire O’Neill; Louise McNabola
‘Great blend of regulatory knowledge, understanding of regulator’s expectations, and understanding of practical limitations positions William Fry to delivery pragmatic, but effective, counsel.’
Elavon Financial Services DAC t/a Opayo
Digital Capital Management
Fenergo Group Limited/Freedom Topco Limited
Supply Finance Limited
Fidelity Investment Managers (Ireland) Limited
Allied Irish Banks plc
Payoneer Europe Limited
Associated Foreign Exchange Ireland Limited
Loylap (Smart Points Limited)
FINEOS Corporation Holdings PLC
Tines Security Services Limited
OFX Payments Limited
Modulr FS Europe Limited
August Equity LLP
AQ Metrics Limited
Optal Financial Europe Limited
- Advised ConsenSys on innovative smart contracts, NFTs and on data protection in the context of its day-to-day operations.
- Advised Experian Ireland Limited on its successful application to the Central Bank of Ireland.
- Advised W3BCloud on data commercialisation, cloud computing, licensing and commercial contracts.
A&L Goodbody LLP has a well-rounded practice with an impressive client base from regulated and unregulated sectors. The team advises on acquisition, licencing and regulatory matters, including other legal issues associated with the banking and payments business. The practice is also assisting with the establishment of an Irish electronic money institution and an application for authorisation as an e-money institution. Kevin Allen focuses on financial regulation and compliance-related issues and co-heads the financial regulatory advisory group with M&A expert Patrick Brandt. Peter Walker is experienced in handling asset-backed and private equity finance issues.
Kevin Allen; Peter Walker
Other key lawyers:
‘A&L Goodbody LLP has a good team.’
‘Kevin Allen has many years of experience and is a very safe pair of hands.’
Chase Paymentech (Europe) Limited
Shared Interest Society
Bank of Ireland
- Assisted Bank of Ireland with its acquisition of J&E Davy for €427m.
- Advised Shared Interest Society Limited on liaising with the Central Bank.
Dillon Eustace’s financial regulation team regularly assists clients with authorisation applications and regulatory issues related to capital requirements, anti-money laundering and consumer protection. The team works with clients active in a broad range of areas including payments and e-money services, cryptocurrency, and insurance. Keith Waine heads the practice and has extensive experience providing regulatory advice to domestic and international clients.
‘The team has a very broad and detailed knowledge of the local regulation and impact on the operating model of the financial firms.’
‘The firm has very experienced senior and junior resources able to deliver strategic advice along with drafting detailed legal documents, policies and procedures.’
Nazare Point Limited
Hudson River Trading
- Advised Nua Money on their authorisation as a retail credit firm.
- Assisted Chainflip, a decentralised exchange, with the establishment of their Irish entity.
- Advised Sekuritance Solutions on the company’s regulatory status and the nature of the company’s crypto token.
Eversheds Sutherland has built a strong reputation for advising fintech clients on authorisation, structuring, and regulatory issues, with particular expertise in the blockchain and cryptocurrency space. Deborah Hutton and Enda Newton regularly work with payment institutions on establishment, compliance, and governance-related matters and jointly head the team with Marie McGinley.
Deborah Hutton; Marie McGinley; Enda Newton
‘Eversheds consistently demonstrate that we as a client really matter – no matter what aspect of the practice we are using. They are available, provide sound advice, and are fully engaged in the task at hand.’
‘Marie McGinley has a breadth of knowledge, experience, and calmness.’
Synch Payments DAC
Commission for Communications Regulation
Apex Group and European Depositary Bank and Deutsche Bank
CSS Holdings LLC
Based Network Limited
Zengate Global Limited
- Advised Synch Payments DAC on launching an interbank mobile payments solution on the Irish market.
- Advised Clearbank on the establishment of a subsidiary FinTech clearing bank in Ireland.
- Advised insuretech company nSurely Limited on its series A financing from a number of private investors.
The regulatory team at Walkers regularly advises fintech clients on matters relating to payment services, e-money, crowdfunding, outsourcing, and data protection. The team works with a wide range of clients, including investment firms, payment and e-money providers, crowdfunding platforms, and cryptocurrency issuers. Niall Esler heads the practice and has extensive experience of advising fintech institutions on the establishment of operations in Ireland. Shane Martin specialises in regulatory risk and compliance in the financial services sector, and senior associate Conor Daly focuses on data privacy and data security issues.
Other key lawyers:
Shane Martin; Conor Daly
‘The regulatory group at Walkers has excellent knowledge of the authorisations and requirements of e-money and its regulatory requirements. The team is always on hand to assist with queries and respond to questions promptly.’
‘The team has excellent knowledge of the authorisations and requirements of e-money and its regulatory requirements.’