Payments & Emerging Financial Services

Latham’s Payments & Emerging Financial Services practice helps clients of all types and sizes navigate the myriad of regulatory, transactional, and general corporate issues impacting the payments and fintech sectors.

Why Latham

Serving Clients at the Forefront of the Payments Evolution

Latham works with a diverse range of clients, including:

  • Traditional financial institutions
  • Payment networks and payment processors
  • Established tech giants
  • Emerging companies
  • Telecommunications operators
  • Online marketplaces
  • Social networks
  • Investors and acquirers

Latham’s integrated global team provides pragmatic, commercially focused advice across the range of legal and regulatory challenges associated with developing, using, operating, or expanding the geographic reach of various offerings, such as:

  • Money transmission
  • Digital and virtual/cryptocurrencies
  • Distributed ledger technologies
  • Electronic and mobile payments
  • Stored value / prepaid access / e-money
  • Payment instruments
  • Credit products
  • E-commerce 

Navigating Regulatory Compliance

Latham helps clients understand their legal obligations, an often daunting task amidst increasingly stringent regulatory scrutiny in the payments sector. Latham lawyers draw on a sophisticated understanding of the federal, state, and international laws regulating the industry, as well as a practical understanding of the requirements and expectations of the various administering regulatory agencies.

Latham provides thoughtful, clear, and forward-looking counsel on:

  • General compliance, including authorization and licensing requirements and processes, regulatory filing and reporting requirements, and obtaining approvals and guidance from regulatory authorities
  • Development, launch, or modification of products or services
  • Development of policies and procedures, terms of service, disclosures, or other aspects of an offering
  • Government enforcement actions, audits, and examinations in multiple jurisdictions

Significantly, Latham also helps facilitate stakeholder feedback to authorities by keeping clients abreast of legislative and regulatory developments, and opportunities to comment in response to new trends and policies.

Providing Transactional Advice

Latham combines market-leading transactional practices with comprehensive regulatory and industry knowledge, and a keen understanding of the technology that underpins the sector to guide clients successfully through a wide range of transactional matters. In particular, Latham draws on extensive experience structuring and negotiating various commercial arrangements, including those related to the offering of new products and services, bank and network sponsorships, and agency and processing relationships.

The firm also leverages a significant track record of advising clients on payments and fintech-related M&A, joint ventures, and private equity matters. Notably, Latham has advised clients on the acquisition, sale, or investment — and related due diligence — of financial institutions and other companies in the payments sector.

Leveraging a Global Platform

Latham lawyers in Asia, Europe, the Middle East, and the US can leverage the firm’s global platform to efficiently advise clients on matters that may also relate to other financial regulatory areas, as well as data privacy and cybersecurity, economic sanctions and anti-money laundering, M&A, private equity, technology transactions, intellectual property and software licensing, outsourcing, e-commerce, and telecommunications technology, among others.

Our Experience

Awards & Rankings

  • Latham Earns Top Fintech Rankings Globally - February 10, 2021
  • Todd Beauchamp Named to Global Banking Regulation Review’s 45 under 45 List - December 03, 2020
  • Latham Fintech Partners Receive Innovation Award from New York Law Journal - November 01, 2020
  • Marc Jaffe Named Distinguished Leader by New York Law Journal - October 25, 2020
  • Latham Earns Top FinTech US and Global Rankings From Chambers - December 12, 2018

“Latham & Watkins is one of the premier firms operating in the fintech space. They combine their top-notch regulatory expertise with capital markets and derivatives capability. Clients also note their strong global presence and seamless work style across international jurisdictions. They work with some of the largest technology companies and financial institutions in the world, advising on topics including blockchain applications, cryptocurrency, payments and data privacy.”

– Chambers Fintech Legal USA 2020

Media Coverage

NFT Craze Generates Slew Of Legal QuestionsTodd Beauchamp Named to Global Banking Regulation Review’s 45 under 45 ListInnovation Award: David Concannon, Yvette Valdez and Stephen Wink


Latham & Watkins Represents EngageSmart in IPOLatham Advises Financial Advisers in Coinbase Direct ListingLatham Advises Underwriters in Phreesia’s Public Offering of Common Stock

Thought Leadership

BIS Issues Consultation on Stablecoin RegulationNew US Digital Assets Bill Casts Wide NetEDPB Issues New Guidance on Storing Credit Card Data

Webcasts & Podcasts

Understanding NFTs & Their Legal ImplicationsPodcast – Crypto in the Crosshairs: What Regulatory Themes Characterized 2020?Podcast – How Did Singapore Solidify Its Position as a Leading Fintech Hub in 2020?