Open Banking

Monarch Solicitors offers valuable assistance in navigating open banking. We provide guidance on regulatory compliance, including relevant laws and industry standards such as the Payment Services Directive (PSD2) and Open Banking Implementation Entity (OBIE) standards.

Our services include contract drafting and negotiation, addressing agreements with third-party providers and data-sharing arrangements. We advise on data privacy, security measures, and compliance with data protection laws. We also assist in identifying and protecting intellectual property rights for innovative open banking technologies.

In the event of disputes, we provide legal representation and support in negotiation, mediation, or arbitration. Our strategic advice helps clients develop business models, partnerships, and collaborations to leverage open banking opportunities while considering legal and regulatory implications.

Monarch Solicitors ensures comprehensive legal support, enabling clients to comply with regulations, protect their interests, and capitalize on open banking’s potential.

Monarch Solicitors is a leading UK law firm with specialist open banking solicitors ready to offer their expertise. Our award-winning Manchester solicitors, London solicitors and Birmingham solicitors offer their legal expertise nationally and internationally.

We are also able to leverage an international network spanning across Hong Kong, Turkey and Dubai to provide seamless assistance with cross-border matters relating to open banking.