We have developed our expertise in payment services both as in-house counsel and as external advisors.
We have supported the design, launch, and ongoing operation of innovative payment products, and implementations of the EU PSD2 Directive, working with both payment service providers and IT solution providers.
Our work in Fintech is recognised in international rankings
What we offer
- Support in preparing the organization, necessary documentation, and in proceedings before the Polish Financial Supervision Authority (KNF) related to obtaining, changing, or extending authorisation for providing payment services
- Advice on constructing payment products - preparation of contracts, regulations, internal documentation, qualification and compliance assessment of payment services
- Advice on issues related to the compliance of payment service providers' activities with sector regulations
- Support in disputes based on payment service regulations, including those related to unauthorized transactions
- Support in developing functionality specifications and contracting IT systems for payment service providers
Selected experience
- Licensing proceedings before the KNF related to the establishment of a domestic payment institution. Comprehensive support in preparing necessary internal documentation, procedures, business program, preparation of the application to the KNF, and responses to supervisory questions during the proceedings
- Support for clients in obtaining registration as small payment institutions
- Legal support in implementing PSD2 directive requirements in one of the largest Polish banks
- Compliance audit of a special access interface for TPPs, prepared for banks by one of the leading IT solution providers for the financial sector, in terms of compliance with PSD2 and RTS requirements, including exemption from the fall-back mechanism
- Frequent advice in AML and data protection for a range of payment institutions
Reputation
- We speak at industry conferences dedicated to payment services.
- We publish on payment service topics (e.g., "Final Remarks before GDPR and PSD2" by A. P. Czarnowski, M. Gawroński, W. Kapica in Challenges of Banking IT 2018; "PSD2 – the New Version of the Payment Services Directive" by M. Gawroński, S. Szepietowski, A. Łukaszewski in Challenges of Banking IT 2016).
- We have expert knowledge of sector regulations, extending beyond payment services to include data protection, AML, IT regulations, and cybersecurity.
- We are recommended in rankings in the Fintech category