Counsel for accelerating partnerships
The Scale team understands that the fintech industry is built on partnerships. For a fintech, finding the right bank or credit union partner can accelerate the path to product launch. For a financial institution, offering banking as a service can expand product offerings and create new revenue streams. An experienced and dynamic legal team is the key to any bank partnership journey.
From evaluating potential partners and their offerings to negotiating the partnership agreement and drafting policies, and throughout the lifecycle of the initiatives launched with the partner bank, Scale helps fintechs and banks achieve the desired goals of the partnership and manage the associated risks.
For example, we have expertise on:
- Selecting or changing a partner bank, documenting the relationship, and advising on the diligence requirements to be approved as a partner
- Creating internal controls to remain in good standing with the bank and its regulators
- Building compliant products from ideation to launch, and refreshing existing products
- Managing other service providers in the fintech ecosystem, including marketing, cloud services, and customer servicing, and
- Achieving successful outcomes in disputes or other legal action, whether involving an individual, business, or government entity
The Scale team understands that the fintech industry is built on partnerships. Our team has served as in-house counsel at banks and fintechs across a variety of different financial products — including lending, real estate alternative financing, and mobile payments. We bring a nimble mindset and are adept at spotting growth opportunities for clients.
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