FinTech (Finance×Technology)
FinTech (Finance & Technology) businesses are progressing rapidly. FinTech businesses are changing the way payments are processed and have a significant impact in bringing the finance industry to its next stage of development. Applications of FinTech include crowdfunding, lending services, factoring services, payment processing, payment remittance, asset management, insurance, and wage payment businesses. Given that FinTech generally requires a company to hold the assets of others, it is important to implement a sound legal strategy given the strict legal regulations that govern such business models.
Advising FinTech businesses is one of ZeLo’s strengths and its FinTech lawyers provide strategic and comprehensive legal solutions for each of our client's business models.
Services
- Legal review of new types of FinTech business models
- Filings and registrations relating to prepaid payment instruments models
- Registrations for capital transfers service providers
- Registrations for Type I and Type II Financial Instruments and Exchange businesses and other related registrations
- Intermediation of Comprehensive Credit Purchase registration, Individual Credit Purchase Intermediary registration and other Installment Sales Act registrations
- Legal advice regarding complying with the Act on Prevention of Transfer of Criminal Proceeds and Know Your Customer policies
- Drafting and reviewing documents related to each type of business model
Accomplishments
- ZeLo is a corporate member of the Fintech Association of Japan. Chika Minami (Japanese lawyer) assists with the association
- ZeLo has assisted with the legal analysis of the Prepaid Payroll Service business model for domestic startups and obtained approval from the Ministry of Economy, Trade and Industry that the business model complies with regulations under the ministry’s Elimination of Grey Zone Policy
- With regard to payment services on B2C platforms of domestic companies, ZeLo drafted a legal opinion regarding whether the model will be considered a “Receiving Agent” and/or a “Payment Services Service Provider”
- Provided legal advice to various domestic publicly traded companies and startups with regard to the registration of a Third Party Prepaid Payment Service Provider
- Provided legal advice to foreign companies regarding the need to register for a Type II Financial Instruments Business
