Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

Fintech, Digital

Oct 22, 2019

Understanding US Regulatory and Market Access Considerations to Help Accelerate Growth for FinTechs

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Shearman & Sterling, UK Department for International Trade and Her Majesty’s Treasury launch new guide for FinTechs looking to set up and expand in the US

The rise of FinTech has connected global financial markets like never before. While it has created significant growth opportunities, it can also expose growing FinTech firms to challenging differences in regulatory frameworks and legal implications. To help FinTech businesses navigate their expansion efforts to the U.S., Shearman & Sterling’s FinTech Foundry, in association with the UK’s Department for International Trade and Her Majesty’s (HM) Treasury, today launched a comprehensive guide entitled, Entering the U.S. Market: A Guide for FinTech Firms.

“FinTechs that are looking to expand their businesses to the U.S. can benefit a great deal from operating in the region, including new market opportunities, capital raising advantages and access to one of the world’s deepest talent pools,” said Donna Parisi, Global Head of Financial Services and FinTech at Shearman & Sterling. “Many firms face barriers to entry, leading to a deceleration in their growth, due in large part to the differences in regulatory and compliance frameworks. Our goal is to help our clients navigate this multi-faceted landscape to ensure their entry into the U.S. is as seamless as possible.”

The guide provides firms with a comprehensive overview of everything firms should be aware of when setting up in the U.S. From immigration law and employment law considerations to digital asset regulations, data privacy, intellectual property protections and broker-dealer guidelines. This also includes regulatory insight for FinTech firms that engage in banking or partner with regulated banks in the U.S. and are subject to additional oversight by the federal or state governments. Partnering with the right experts can make the journey significantly easier and enable firms to focus on building out their products and growing their businesses. The U.K. Department for International Trade and HM Treasury also provide advice and practical support for U.K. FinTech firms that wish to scale in the U.S.

Authors and Contributors

Donna Parisi

Partner

Derivatives & Structured Products

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Reena Agrawal Sahni

Partner

Financial Institutions Advisory & Financial Regulatory

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Kris Ferranti

Partner

Real Estate

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Michael Shulman

Partner

Tax

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J. Matthew Lyons

Partner

Emerging Growth

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+1 512 647 1901

Austin

Alan Bickerstaff

Partner

Emerging Growth

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Austin

Carmelo Gordian

Partner

Emerging Growth

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+1 512 647 1902

Austin

Brian Dillavou

Partner

Emerging Growth

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J. Russel Denton

Partner

Emerging Growth

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Austin

Emma Maconick

Partner

Intellectual Property Transactions

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Jordan Altman

Partner

Intellectual Property Transactions

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Jay G. Baris

Partner

Investment Funds

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Lona Nallengara

Partner

Capital Markets

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Nathan Greene

Partner

Investment Funds

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Russell Sacks

Partner

Financial Institutions Advisory & Financial Regulatory

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Gillian Emmett Moldowan

Partner

Compensation, Governance & ERISA

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Michael Dorf

Partner

Mergers & Acquisitions

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Christopher Forrester

Partner

Capital Markets

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Menlo Park

Jennifer D. Morton

Counsel

Financial Institutions Advisory & Financial Regulatory

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Ryan Au

Associate

Tax

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Washington DC

Sean W. Anderson

Associate

Derivatives & Structured Products

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New York

Justin Reda

Associate

Investment Funds

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New York