FinTech Legal
FinTech Guide 2024 : Italy
Band 1
Email address
[email protected]Contact number
+39 02 7215 71About
Provided by Chiomenti
The regulatory team has established a unique market position in the fintech field with a 360° approach in the regulated entities. The ability to comprehend how regulated entities are interconnected, represents a distinctive trait of Chiomenti’s horizontal and vertical approach. The practice covers all categories of regulated entities. At the same time, practice assists on prudential matters, distribution arrangements, organizational structures, and extraordinary transactions, etc.
More recently, Chiomenti has added a focus on the impact of technology in the financial sector, by assisting clients on all major projects in the fintech space. In particular:
- Setting up of business models centered on the use of digital platforms
- Innovative electronic signature services
- Dematerialisation of procedures for signing and filing contractual documentation
- International and Italian operators of lending marketplaces of online P2P financing platforms
- Mobile remote payment, ticketing services and related local platforms
- Virtual credit card services
- Equity crowdfunding portals
- Online platforms for buying and selling trade credits between individuals
- Investment services to enable the use of digital signatures
- Web platforms for the provision of banking and investment services
- Issuance, distribution and custody of cryptoassets
Chambers Review
Chiomenti's financial regulation practice advises significant domestic and international banks, start-ups, innovative tech players and cryptocurrency exchange platforms on transactional and regulatory work. The firm's work includes assisting with data protection, cybersecurity, e-signature, e-money authorisation and payments matters.
Work Highlights
- Chiomenti advised Kraken, a major cryptocurrency exchange platform, in relation to regulatory matters arising from Kraken's activity in Italy.
Strengths
Provided by Chambers
"Chiomenti is one of the top financial regulatory practices in Italy and Alessandro Portolano is a leading individual across banking and FinTech. Its alliance with Gleiss, Cuatrecasas and Gide gives it extra reach."
"Chiomenti's ability to interact with the regulators is exceptional. The quality of the analyses and their output is excellent, even when it comes to non-traditional issues."
"Chiomenti is one of the top financial regulatory practices in Italy and Alessandro Portolano is a leading individual across banking and FinTech. Its alliance with Gleiss, Cuatrecasas and Gide gives it extra reach."
"Chiomenti's ability to interact with the regulators is exceptional. The quality of the analyses and their output is excellent, even when it comes to non-traditional issues."
Notable Practitioners
Alessandro Portolano is well known for his financial regulatory expertise. He regularly advises notable clients on European and Italian banking and finance, payments and insurance matters.
"Alessandro is extremely knowledgeable - a point of reference for regulation and relations with the regulator."
"Alessandro is an expert on his matters, not just on Italian law but also on European regulations. He is able to take over tough legal issues and solve them at speed, with a high degree of confidence and insisting on the highest standards."
"Alessandro is the person to go to who really knows Italian enterprises."
Jasmine Mazza is an associate in the team and often assists high-profile clients with regulatory mandates, particularly in relation to setting up cryptocurrency exchanges and payments services.
"Jasmine knows the regulations well. She quickly understands each task and delivers high-quality results on time."
"Jasmine is very capable and provides effective support to the clients."
Ranked Individuals at
Chiomenti
Italy