FinTech Legal - Belgium
What the team is known for
CMS focuses on regulatory matters, cryptocurrency, digital identity and GDPR. It has a strong TMT practice and regularly advises FinTech start-ups and more established businesses, as well as venture capital investors in FinTech.
Strengths
"CMS has excellent expertise, good vision on market practices and can find the right balance between regulatory compliance and business interests. The lawyers at CMS are all very pragmatic."
"CMS's ability to handle sophisticated PSP and tech matters is very strong, providing clients with straight, to-the-point answers."
Work highlights
CMS advised FLOA Bank on the development of its Buy Now, Pay Later online solution for the Belgian market, including review of the terms & conditions, partnership agreement, collection process and regulatory aspects.
Notable practitioners
Benoît Vandervelde specialises in banking and finance and insurance regulatory work. He assists financial institutions, FinTech companies and payment service providers with financial regulatory and market entry matters. "Benoit Vandervelde provides us with excellent services. Benoit is very responsive, always available and provides excellent, pragmatic advice." "I am always happy to work with Benoit. He is available, quick, gives quotes that are respected and has deep knowledge." "Benoît is always available to assist the company either in complex matters or more business-as-usual work. He is very responsive, providing quotes proportionate to the level of assistance required and responds within the deadline." "Benoit is always available with a very pragmatic and commercial approach." "As a client, I always feel prioritised and I could rely on Benoit's business acumen in addition to his strong knowledge of insurance distribution requirements in the market."
