The financial industry is undergoing a profound transformation, driven by technology. Digital banking, fintech startups, and innovative online payment systems are reshaping how consumers and businesses interact with money. This wave of innovation, however, operates within one of the most heavily regulated sectors. For a fintech innovator, navigating the complex intersection of banking law, payment services regulations, and data privacy is the primary determinant of success. Legal Sandbox Georgia provides specialized legal counsel to the fintech sector, acting as strategic partners to help you build, launch, and scale disruptive financial products on a foundation of absolute regulatory compliance.
Our comprehensive support for digital finance innovators covers three core domains. First is licensing and regulatory strategy. We provide expert guidance on the complex licensing landscape governed by the National Bank of Georgia (NBG), advising on whether your service requires a Payment Service Provider (PSP) or e-money institution license, and managing the entire application process with the NBG.
Second, we ensure compliance with the highest standards of data protection and cybersecurity. For any fintech company, trust is paramount, and that trust is built on robust data security. We ensure your operations are fully compliant with the stringent requirements of both the Georgian Law on Personal Data Protection and the EU's GDPR, as well as the high cybersecurity standards mandated by the NBG for financial institutions.
Finally, we provide hands-on legal support for product development and launch. We act as your integrated legal counsel, reviewing the architecture of your new digital financial products to identify and mitigate legal risks. We draft the critical legal documentation that underpins your service, including customer terms and conditions, agreements with payment networks, and partnership contracts, ensuring your product is commercially sound and legally fortified.