Fintech - GVA Professional Group

Client Testimonials (Available only in Japanese)

スタートアップの実情を踏まえた丁寧な対応が日本初の貸金分野の金融サービス仲介業登録につながりました

住宅ローン診断カンパニー株式会社　前田一人様

GVA法律事務所では、株式会社ONEフィナンシャルサービスの金融サービス仲介業の登録サポートを行い、2024年5月14日に登録が完了しました。同社の代表取締役の前田一人様に、これから展開するビジネスや…

「フィンテックが金融の本質を変えることはない」プロセスがより効率化されるためにフィンテックはあるべき

株式会社マネーフォワード　瀧俊雄様

── 創業のきっかけを教えてください2011年の初め頃、アメリカで辻（株式会社マネーフォワード代表取締役社長 CEO辻庸介氏。以下同じ。）と出会ったんです。当時は、お互い証券会社に所属した立場で留…

Practice Areas

Payment Settlement Service Package

We provide a one-stop service that includes the development of business schemes, the acquisition of permits and licenses, and ongoing support after obtaining the permits and licenses in the field of Payment Settlement Services (Fund Transfer Service Providers, Prepaid Payment Instruments, Collection Agencies, Insurance of Points, etc.).
We also provide support for creating necessary documents such as Terms of Service (Use) for business operations, establishing a corporate system, and for establishing a system of KYC (Know Your Customer).。

Click here to learn more about the “Payment Settlement Service Package”

Legal advice on FinTech and financial businesses

Support for the establishment of business schemes pursuant to laws and regulations related to finance, including the Banking Act, the Payment Service Act, the Financial Instruments and Exchange Act, the Installment Sales Act, the Money Lending Business Act, the Act on the Insurance Business Act, the Investment Act, and the Act on Prevention of Transfer of Criminal Proceeds
Support for the use of the System to Remove ’Gray Zone’, the Regulatory Sandbox, the System of Special Arrangements for New Business activities, and the No Action Letter System
Preparation of Terms of Service (Use) and Privacy Policies in relation to services
Preparation of various legal opinions
Support when dealing with regulatory authorities such as the Financial Services Agency, Ministry of Economy, Trade, and Industry, and the police

Support for obtaining permits and licenses

Support for the establishment of a corporate structure (preparation of company’s regulations)
Support for ensuring an efficient financial basis before obtaining permits or licenses (preparation of investment contracts regarding funding and registration,etc.)

Support for establishing a KYC system

Legitimacy Research
Preparation of company’s regulations or Terms of Service (Use) for the establishment of KYC (Know Your Customer) systems

Feature

To engage in FinTech and financial businesses, companies must have a certain level of financial basis and corporate structure. However, these deter the company from entering new fields of business. In addition, multiple permits and licenses are required, and the relationship between them is complex. For this reason, determining the most appropriate permit or license would be confusing.

Therefore, we support our clients going through the entire process required for FinTech and financial businesses – what kind of licenses and permits are required to conduct business (and whether there are any schemes that do not require any licenses and permits); prioritization of business development in anticipation of obtaining such licenses and permits; the acquisition of licenses and permits; preparation of contract documents such as Terms of Service (Use); and operational support after obtaining licenses and permits.

As a firm that has supported many venture companies, we have a great advantage in obtaining ordinary licenses and permits, building a new fintech/financial business and getting it off the ground.

Achievements

Case Examples

Support for the registration of a Fund Transfer Service Provider that requires overseas remittances
Preparation of necessary Terms of Use (Service) and contracts for Prepaid Payment Instruments for Third-Party Business to be conducted by local banks for Regional Revitalization and support on communications with regulatory authorities
Support for the registration of electronic payment services
Preparation of legal opinions on the applicability of a Collection Agency’s scheme that would be applied to the settlement of transactions between overseas businesses and Japanese consumers
Providing advice on the preparation of necessary Terms of Use (Terms of Service) for platform that issues points
Correspondence on the System to Remove ‘Gray Zone’ for businesses related to money transfers
Support for establishing business schemes not requiring permits or license for Collection Agencies, Exemption Prepaid Payment Instruments, and paying off one’s monthly credit card balance
Advice on the Installment Sales Act
Support for InsurTech businesses
Support for Money Lending Businesses
Support for the issuance of original credit cards

Articles (Available only in Japanese)

<Series: Amended Payment Services Act 2020> Vol 1-4 (Available only in Japanese)
FinTech and KYC – Practice of KYC required by the Act on Punishment of Organized Crime and Control of Crime Proceeds- (Available only in Japanese)
Basics of FinTech and Payment Service (Available only in Japanese)
Amended Payment Services Act and new FinTech services – Delineation between three types of Funds Transfer Service Providers and Collection Agency- (Available only in Japanese)
Change in regulation on Collection Agency service and FinTech businesses (Available only in Japanese)