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ARTICLE · 31 JANUARY 2022

Making Sense Of Banking As A Service – Contracting Considerations

Mayer Brown
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Financial services have historically been the domain of regulated financial institutions, but when technology companies began building and offering financial products, fintech was born.

United StatesTechnology
David Beam
David Beam
Joe Pennell
Joe Pennell
Matthew G. Marvin
Matthew G. Marvin
Rohith George
Rohith George
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This article was co-authored by Joe Pennell (partner); David Beam (partner); Rohith George (partner); Matthew Marvin (associate) at Mayer Brown LLP. This article is the second in a three-part series from Mayer Brown on digital transformation and its impacts on financial institutions.

Financial services have historically been the domain of regulated financial institutions, but when technology companies began building and offering financial products, fintech was born. Financial products, though, are subject to a multitude of financial regulations and, to be able to deliver these products to their customers, fintechs have over the years sought to collaborate with banks and other financial institutions, most often through bespoke agreements and custom technology integrations.

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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