Financial technology (fintech) is transforming the traditional financial ecosystem by creating new business models and reshaping the way financial services are delivered.
Innovative payment solutions, digital banking, alternative lending, and distributed ledger technologies are redefining the financial sector, offering both new opportunities and complex regulatory challenges.
Fintech companies regularly face a range of specific legal issues that require a comprehensive approach and a deep understanding of industry-specific regulations.
Financial Regulation & Licensing — Ensuring compliance with financial legislation, obtaining necessary licenses and permits for various financial services, and engaging with regulators when launching innovative products.
Data Protection & Cybersecurity — Ensuring compliance with data protection standards, implementing mechanisms to prevent cyber fraud, securing financial information, and developing information security policies.
Customer Identification & AML Compliance — Developing remote identification procedures, complying with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, and creating effective systems for monitoring suspicious transactions.
Payment Systems & Electronic Money — Structuring relationships with payment service providers, meeting compliance requirements for electronic money issuers, and integrating with traditional banking infrastructure.
Regulatory Sandboxes & Innovation — Participating in regulatory initiatives that allow testing of innovative financial products under a simplified regulatory regime, and adapting business models to current legislation.
PraeLegal Uzbekistan has hands-on experience in supporting fintech projects at all stages of development — from concept to international market expansion. With a deep understanding of technological processes and financial regulations, we help clients strike the optimal balance between innovation and compliance in the rapidly evolving fintech landscape.