Marketplace and legislative changes are presenting financial institutions and other firms with expanded opportunities to capture new business by using digital and mobile media. At the same time, these changes are expanding institutions’ obligations to maintain authentication and other consumer safeguards. Institutions confronting these changes need legal counsel that operates effectively at the interface of technology issues and regulatory and payment-network issues. To add the most value, this counsel must move seamlessly between advisory and transactional representation.
Davis Wright Tremaine regularly offers such counsel. Drawing on our national practices in technology, payment systems, financial services regulation, and privacy and data security, we have been active in advising financial institutions on issues and projects requiring experience in both technology acquisition/development and financial-services and consumer regulation.
DWT’s financial-institutions technology team has extensive experience assisting clients with the development and implementation of proprietary software and other technology, as well as with the procurement of technology infrastructure and capabilities and the structuring, documentation and negotiation of a wide variety of technology-related agreements. We regularly handle agreements for in-bound licensing, hardware and software acquisition, custom systems development, telecommunications services, technology services (including software as a service (SaaS) and cloud computing) and outsourcing. We work often with industry leaders in social networking, digital media, Internet and mobile technology transactions, and we are well versed in the emerging privacy and security implications of these transactions, as well as their other regulatory dimensions.
DWT’s combination of experience and knowledge, both transactional and regulatory, enables us to assist financial institutions with a variety of technology-related projects. Please contact us to learn more.