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Introduction to FinTech: Legal and Regulatory Issues

(341 Ratings)

Produced on: October 10, 2016

Course Format On Demand Audio

Taught by


Course Description

Time 95 minutes
Difficulty Beginner

The hottest new trend in the financial services world is FinTech. FinTech is about using new technology to upend the way financial services are delivered. It’s about using technology like big data analytics, social networks, and mobile accessibility to promote innovation and offer compelling new services at low costs, with high returns, through more efficient customer acquisition channels than more traditional competitors.

The FinTech revolution is happening across the financial services industry, impacting both the front-office and client experience, as well as the infrastructure that financial firms rely on. From online lending, digital payments and crowdfunding, to roboadvice and the blockchain, financial technology is a transformative force in the marketplace. Companies like Lending Club use peer-to-peer networks to enable borrowers to take out unsecured personal loans from willing investors, challenging a field historically dominated by banks. Other companies like VersaPay use cloud technology to cut out bank services by providing easy cloud-based exchange of documents and payments directly between vendors and customers. Key to advances in the FinTech market have been partnerships between FinTech startups – relying on strong technical skills, agile market approach and lack of legacy codebases – and traditional financial institutions, which have the benefit of regulatory clarity, huge customer bases, and large amounts of capital.

Since 2010 private investment in global FinTech has increased tenfold creating a multibillion dollar industry overnight. In 2015, that private investment surpassed $19 billion dollars.

This course presented by Reuben Grinberg of Davis Polk & Wardwell, Huu Nguyen of Squire Patton Boggs and Alexey Sokolin of Vanare, a pioneer of digital advice platforms for financial institutions. It reviews legal and regulatory issues associated with FinTech, addresses concerns for those negotiating FinTech technology agreements, and provides a case study in FinTech by looking at an entrepreneur’s creation, pivot and exit of roboadvisor, Nest Egg Wealth.

Learning Objectives:
  1. Define FinTech and the roles that startups and financial institutions play
  2. Identify the regulatory issues, like usury caps and licensing, associated with some of the different types of FinTech
  3. Understand the digitization of financial services across retail capital markets, asset management, wealth management and personal finance
  4. Examine how regulation and legal issues may spur innovation and catalyze transformation in the financial services industry


Reuben Grinberg

Davis Polk & Wardwell LLP

Reuben is an associate in Davis Polk & Wardwell’s Financial Institutions Group. He provides strategic, transactional and regulatory advice to a wide array of both established and emerging participants in the FinTech space, focusing on the regulatory treatment of virtual currencies and blockchain. In addition, Reuben wrote the first widely read and cited academic paper on Bitcoin, and is often noted in the media as an expert on digital currencies. Before joining Davis Polk, Mr. Grinberg programmed trading server software for Bridgewater Associates, one of the world’s largest hedge funds. He holds a B.S. in Computer Science from Yale College, an M.S. in Computer Science from University of Texas at Austin, and a J.D. from Yale Law School.

Huu Nguyen

Squire Patton Boggs

Huu Nguyen is a deal lawyer who focuses his practice on cross-border commercial and corporate transactions. On the commercial side, he assists established and emerging companies on a range of national and international transactions, including Fintech transactions, supply chain agreements, reseller and distributor relationships, technology transactions, manufacturing and licensing arrangements, outsourcing, and many other commercial areas. On the corporate side, Huu advises on innovation program formations, mergers and acquisitions, and corporate governance, among other corporate matters. Huu’s prior experience before becoming a deal lawyer includes intellectual property litigation and patent prosecution. Huu holds both a B.S. and an M.S. from University of Texas at Austin and a J.D. from University of California, Berkeley, Law School.

Alexey Sokolin

Autonomous Research

Lex Sokolin is a futurist and entrepreneur focused on the next generation of financial services. He is the Global Director of FinTech Strategy at Autonomous Research, the leading research firm for the financial sector, helping clients understand and leverage innovation. Previously, he led Product Design and Corporate Development as COO at Vanare, a wealth management technology platform. He was also founder and CEO of NestEgg, a roboadvisor that pioneered online wealth management in partnership with financial advisors. Prior to NestEgg, Lex held a variety of roles in investment management and banking at Barclays, Lehman Brothers and Deutsche Bank. He holds a JD/MBA from Columbia University and a B.A. in Economics and Law from Amherst College. 


Sophia V.

Excellent course, highly recommended

Frank C.

Thanks. Interesting program.

Vladimir R.

Excellent presentation and course materials.

Michael B.

Very good primer

Lexi W.

Very informative presentation

Mary P.

Excellent. Outstanding written materials. Good blend of business and legal information.

Lewis B.

fantastic look into the complex fintech regulatory regime

Jeffrey K.

Excellent, timely and informative.

Kathleen P.

Thank you.

Jason H.

Great content and phenomenal speakers. What a great CLE. Thanks, Jason

Chun L.

very informative, knowledgeable speakers.

Matthew G.

Great course

Joseph J. B.

Excellent view into issues and new technology which facilitates financial transactions

Randall S.

outstanding presentation!

Karen T.

The multiple presenters added interest to the program. Very informative.

Kevin J.

excellent presentation/discussion

Paul F.

one of the best programs i have attended this year, keep up the good work !

Arthur S.

Extremely well done. Both informative and enthusiastic.

Kevin G.

Presenters were clearly knowledgeable. Discussion format worked well.

Danielle W.

Very informative - loved the broad overview and helpful case studies!

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