Banking / Payment Services

We have extensive experience in providing legal services to Polish and foreign banks, payment institutions, payment processing companies, electronic money institutions, cryptocurrency platforms, startups as well as lending institutions.

Leading team of FinTech attorneys

Our Polish Fintech team of attorneys is one of the most recognized in the industry with impressive experience based on dozens of projects conducted each year, for domestic and foreign investors. These projects include:

• pre-acquisition audits (legal DD) of FinTech companies
• M&A transactions (acquisition of Polish payment institutions)
• licensing processes / passporting proceses
• preparing financial products documentation
• representation in KNF audits, inspections and dawn raids
• structuring AML / KYC / KYB / ID verification / risk management models

Recognized Banking & Finance Law Firm

Our Banking, FinTech and Payment Services practice has been awarded and appreciated by customers from all over the world. Legal team consists of  practice driven professionals, backed up with KNF CEDUR hosted lectures and participation in post-graduate expertise.

Years of cooperation with the Polish regulator pays off with dozens of licenses obtained each year, with 100% success rate. Our team successfully conducted numerous (70+) licensing, passporting, M&A projects for national domestic payment institutions (PSD2), small payment institutions, e-money institutions, investment firms, fintech, crypto entities. One of our landmark achievements is creation of model and introducing the first non-bank credit card in Poland.

Poland-wide legal services incl. Warsaw and Kraków

We provide banking, fintech & payment services legal advisory all around Poland thought all five offices, and in particular in Warsaw and Kraków.

Usual banking, finance and fintech legal services

We provide services mainly to returning customers include that include: multinational banks, global card organizations, global card processors and acquirers, some biggest Polish and European fintechs and startups.

Transaction regarding financial institutions and FinTechs

• FinTech transaction advisory
• Preparation of transaction documents
• Legal due diligence of startups and other FinTechs
• Regulatory due diligence (verification of license)
• Representation in FinTech acquisitions
• Representation in front of Polish regulator KNF
• Representation in merger control of FinTechs
• Representation in regulatory pre-acquisition approval

License advisory to banks, financial institutions and FinTechs

• Banking license in Poland
• Polish domestic payment institution license (KIP)
• Polish electronic money institution license (EMI)
• Small payment institution in Poland (KIP)
• Virtual currency operator in Poland (VCO)
• Polish crypto currency operator (CCO)
• Other licensing processes (PISP, AISP, TPP)
• Passporting of payment services into Poland
• Passporting of payment services outside Poland

Banking and Fintech regulatory advisory

• Representation in front of Polish regulator KNF
• Representation regulators inspections and dawn raids
• Structuring innovative financial products and business models
• Compliance audits: Polish Banking Law, Polish Payment Services Act
• Advisory to consumer loan industry
• Compliance audits: Polish Consumer Loan Act
• Structuring KYC / KYB
• ID verification advisory
• Advisory regarding video /selfie verification & remote channels verification
• Structuring AML models
• Cybersecurity, whistleblowing, risk management, strong customer authentication (SCA) modelling

Contracts regarding financial products

• Preparation of full product documentation (e.g. credit card agreement, virtual wallet agreement, payment account agreement, revolving loan agreement, consumer credit agreement, deferred payment agreement, crypto currency exchange participation agreement, terms and conditions)
• Representation and negotiation in front of the major card organizations, card license holders and payment processors (BIN sponsor agreement, obtaining principal card license, obtaining affiliate card license, card processing agreement, card embossing agreement)