Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Your favorite internal client has just messaged you about a new contract that needs a rush review. The counterparty is reportedly one of the hottest new “fintech” companies in Silicon Valley. You are the master of all things vendor contract-related in your shop, but perhaps this is the first fintech contract to cross your desk. This article addresses some of the special issues that might be presented by this sort of contract.
What Is Fintech?
“Fintech” is a buzzword. It is commonly understood to refer to a services sector focused on providing innovative online or mobile financial services. Customers are usually consumers. Among the most talked about consumer-facing fintech services are: Betterment (investment advice), Motif (brokerage), OnDeck Capital (small business lending), SoFi (consumer lending), Venmo (payments) and Personal Capital (financial planning). Nonetheless, commercial customer products also exist. Some leading examples are: Zenefits (insurance), C2FO (cash flow management), TransPay (cross-border payments), and Tradeshift (electronic invoicing). Commercial fintech can be expected to grow. Investments in B2B tech start-ups were up 40% to $11.9B year-over-year through the end of March 2016. Fintech service providers are mostly not banks, although it is common for them to partner with banks. Banks have fintech offerings too and they will likely increase their presence in the field in the near term. This article, however, focuses mostly on the issues presented by non-bank fintech companies. Contracting with a bank would mostly involve different considerations. Frequently a fintech service provider is a start-up or recent entrant to the field.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
As businesses across various industries increasingly adopt blockchain, it will become a critical source of discoverable electronically stored information. The potential benefits of blockchain for e-discovery and data preservation are substantial, making it an area of growing interest and importance.