McGlinchey is on the cutting edge of financial technology and regularly advises both the FinTech industry and the broader financial services market on the legal complexities associated with emerging technologies. Our team’s technology, legal, and business acumen – together with industry experience advising dozens of FinTech companies – enable us to deliver industry-leading advice at highly competitive prices. Early-stage FinTech companies engage us because they know they can get top-quality, highly responsive legal and business advice very efficiently – in straightforward, plain language – while controlling their legal spend (often with fixed fee and other alternative fee arrangements). We help these companies – as well as traditional financial services companies integrating new technologies – to address essential legal and business questions without getting mired in needless research and unnecessary legal complexity. We have particular strength advising on:

Consumer lending FinTech companies.  We advise many companies that hold a wide variety of roles in the extension of consumer credit – brokers, debt collectors, banks, non-depository lenders, marketplace lenders, auto finance companies, and more. We also represent more than half of the founding members of the Marketplace Lending Association in this capacity.

Comprehensive regulatory analysis, including regular interaction with state and federal regulatory agencies.  With our firm’s nationally recognized capabilities in consumer financial services regulatory compliance, we are able to advise FinTech companies on all relevant federal and state-level regulations and to represent them before state agencies for purposes of licensing, examinations, and regulatory enforcement. We know what state regulators say and do in day-to-day routine examinations and in enforcement actions relating to the FinTech industry, which enables us to anticipate and forestall complications for our clients.

Artificial intelligence (AI).  As financial services providers introduce AI and machine learning algorithms to various aspects of their operations, they must also address a host of regulatory issues that these technologies implicate.

Identify verification.  Introducing unorthodox factors to the identity verification (anti-fraud) or underwriting process has brought scrutiny by regulators – which we help clients to address.

Robotic process automation (RPA).  We work with mortgage and non-mortgage brokering and lending entities to address regulatory issues affecting the incorporation of robotic process automation into their operations.

Blockchain and digital currencies.  We assist FinTech companies in integrating the use of digital currencies, blockchain, and cryptocurrencies into their business models and operations.

Litigation and class actions. As nationally recognized leaders in this high-profile, high-stakes arena, we regularly defend FinTechs facing individual and class action litigation, multidistrict lawsuits, and enforcement actions alleging violations of consumer fraud and deceptive practices and other laws in state and federal courts and arbitration proceedings nationwide.