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.

Global Presence, Local Expertise

Monarch Solicitors are a leading UK law firm and our award-winning Manchester solicitors, London solicitors and Birmingham solicitors offer their legal expertise nationally and internationally.

Through our overseas branch offices, our Singapore lawyers, Dubai International Financial Centre (DIFC) Courts advocates and UAE (Ras Al Khaimah) lawyers provide seamless assistance with cross-border matters. We are licensed in Singapore and Ras Al Khaimah, and our advocates are registered with the DIFC Courts. Clients who prefer to instruct us in their own language can do so through our Arabic legal services, Cantonese legal services and Chinese legal services, and our Middle East legal services support individuals and businesses with interests across the region.