The fintech practice is fast growing at the firm. Whereas fintech is not a completely segregated sector from banking and commerce but the service delivery, the information technology scope in such delivery, the settlement process and the user experience including privacy and data protection concerns makes it an area requiring unique blend of all of these competences to develop, market and deliver fintech products.
Douah & Doulah advises a range of clients on their fintech products and underlying service regulations in diverse areas such as financial regulation, anti-money laundering, privacy, data transfer, remittance services, payment settlement regulations, licensing and blockchain accounting etc. The firm has also advised a number of clients on cryptocurrency regulations.
Some recent important projects the firm has worked on in Bangladesh include:
- Advised Bill & Melinda Gates Foundation in acquiring a sizeable stake in Bkash.
- Advised Alibaba in acquisition of a leading ecommerce business in bangladesh and underlying fintech product and service regulations
- Advised Ant Financial and AliPay in a number of fintech product and service regulations in diverse areas such as financial regulation, anti-money laundering, privacy, data transfer, remittance services, cryptocurrency, blockchain etc. Advised Amazon in a number of matters encompassing cross border trade regulations
- Advised Microsoft on its online service and product delivery platform
- Advised Bill & Melinda Gates Foundation in investment and divestment in Bkash and also advise in diverse fintech areas Advise Paysafe Financial Services Limited on various stored value products and other fintech services
- Advised Cignifi in establishing and structuring business in fintech arena in collaboration to local mobile operators
- Advised Moneygram in their day to day operations in Bangladesh including financial regulation, anti-money laundering, privacy, data transfer, FX regulations, call center regulations etc.
- Have been advising Western Union in their day to day operations in Bangladesh including financial regulation, anti-money laundering, privacy, data transfer, FX regulations, call center regulations etc.
- Have been advising Belgacom in their day to day operations in Bangladesh including financial regulation, anti-money laundering, privacy, data transfer, FX regulations, call center regulations etc.
- Have been advising Mastercard in various regulatory issues including financial regulation, anti-money laundering, privacy, data transfer, FX regulations, call center regulations etc.
