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
Arthur Cox
Practice head(s):
Robert Cain; Maura McLaughlin; Colin Rooney
Other key lawyers:
Ailish Finnerty; Ian Duffy
Testimonials
‘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.’
Key clients
EML Payments
PFS Card Services (Ireland) Limited
Bridgepoint
Astorg
Hg Capital
AIB
Work highlights
- 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
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.
Practice head(s):
Liam Flynn; Rowena Fitzgerald
Other key lawyers:
Oisín Tobin; Sarah Cloonan
Testimonials
‘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.’
Key clients
Addition Two L.P.
BlueSnap Payment Services Ireland Limited
Tulip Assist Insurance Ltd/Tulip Assist B.V.
Companjon Insurance DAC
Gaman Innovation Limited
Work highlights
- 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
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.
Practice head(s):
Joe Beashel; Anne-Marie Bohan
Other key lawyers:
Gráinne Callanan; Louise Dobbyn; Ian O’Mara; Ciarán Moloney
Testimonials
‘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.’
Key clients
Gemini
Western Union
An Post
Vertex Inc.
Crypto.com
Allied Irish Bank plc
Meta
Work highlights
- 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
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.
Practice head(s):
Josh Hogan
Other key lawyers:
James Fitzgerald; Adam Finlay; Doug McMahon
Testimonials
‘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.’
Key clients
BitPanda GmbH
Boku Inc., Boku Network Services Ireland Limited
MyMoneyJar Limited
Qover SA/NV
Aftab Currency Exchange Limited
Aryza
Pollen Street Capital
Capitalflow and Pollen Street Capital
Sors Digital Assets
National Transport Authority
Work highlights
- 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
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.
Practice head(s):
Shane Kelleher; John O’Connor
Other key lawyers:
Máire O’Neill; Louise McNabola
Testimonials
‘Great blend of regulatory knowledge, understanding of regulator’s expectations, and understanding of practical limitations positions William Fry to delivery pragmatic, but effective, counsel.’
Key clients
Experian Ltd
European Commission
Consensys
Zurich
Elavon Financial Services DAC t/a Opayo
Digital Capital Management
Moneycorp
SurveyMonkey
Middlegame Ventures
Fenergo Group Limited/Freedom Topco Limited
Supply Finance Limited
Fidelity Investment Managers (Ireland) Limited
Surestone Insurance
Allied Irish Banks plc
Athora
Payoneer Europe Limited
Associated Foreign Exchange Ireland Limited
Loylap (Smart Points Limited)
FINEOS Corporation Holdings PLC
Tines Security Services Limited
Paygate
CR2
EagleAlpha Limited
OFX Payments Limited
Soldo
Modulr FS Europe Limited
W3BCloud
Apata Limited
Paybyrd Limited
August Equity LLP
AQ Metrics Limited
Optal Financial Europe Limited
Work highlights
- 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
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.
Practice head(s):
Kevin Allen; Peter Walker
Other key lawyers:
Patrick Brandt
Testimonials
‘A&L Goodbody LLP has a good team.’
‘Kevin Allen has many years of experience and is a very safe pair of hands.’
Key clients
Chase Paymentech (Europe) Limited
Shared Interest Society
Bank of Ireland
Work highlights
- 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
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.
Practice head(s):
Keith Waine
Testimonials
‘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.’
Key clients
Nua Money
Scalapay
We2Sure
Chainflip
Nazare Point Limited
Viceversa
Leonteq Securities
Sekuritance Solutions
SumUp
Virtu Financial
Hudson River Trading
Mex Group
Unity Finance
Work highlights
- 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
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.
Practice head(s):
Deborah Hutton; Marie McGinley; Enda Newton
Testimonials
‘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.’
Key clients
Synch Payments DAC
EY
Commission for Communications Regulation
Apex Group and European Depositary Bank and Deutsche Bank
Clearbank Europe
ScalingFunds
CSS Holdings LLC
Linked Finance
NSurely
eToro
PlanDail
Based Network Limited
CLTS Technologies
Zengate Global Limited
Work highlights
- 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.
Walkers
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.
Practice head(s):
Niall Esler
Other key lawyers:
Shane Martin; Conor Daly
Testimonials
‘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.’