The surge of financial technology into the mainstream in both Singapore and across the border in Malaysia has encouraged two prominent regional law firms to establish dedicated fintech practices.
Allen & Gledhill and Rahmat Lim & Partners have jointly announced the launch of new fintech practices for Singapore and Malaysia respectively.
The newly established fintech practices will work closely together in dealing with financial regulatory, technology and intellectual property matters to present novel legal solutions in an area which is challenging traditional legal and regulatory boundaries.
The co-heads for the Singapore fintech practice are Allen & Gledhill's Adrian Ang (pictured) and Alexander Yap. The Malaysia practice's co-heads at Rahmat Lin & Partners are Wan Kai Chee and Raymond Yong.
By its nature fintech pushes traditional boundaries and often presents a tension between an innovative business model and characteristics that are not readily applicable to current regulations.
The teams are already active in all areas of the fintech ecosystem and are working with venture capitalists, traditional fund managers, global banks, mature and emerging fintech companies, and start-ups, to technology service providers.
