We know the lendtech sector inside out
For a number of years now, we have been advising on the development of credit products, including short-term loans, agreements for borrowings repaid in installments, linked credit agreements, deferred payments, and additional services. We analyze processes in terms of establishing business relations (processes related to applications for consumer credit), including with the use of mobile applications and websites.
We make sure of legal compliance
We draft consumer credit agreements, taking into account the Polish Law on Consumer Credit, the current decisions of the Polish Office of Competition and Consumer Protection, and the related case law. We follow the rulings of Polish courts and the CJEU, as well as the decisions and standpoints of the Polish Office of Competition and Consumer Protection and the Polish Financial Ombudsman, providing our clients with recommendations with respect to the related guidelines.
We provide day-to-day services
We analyze and negotiate agreements between lending institutions and their business partners, advise on the implementation of innovative solutions (such as behavioral data analysis in credit scoring, behavioral targeting, and identity verification with the use of behavioral data), draft regulatory documentation, and organize training seminars on personal data protection that are adjusted to the requirements of the managerial personnel of lending institutions.
We provide advisory to lending institutions with respect to developing internal procedures in terms of customer screening, customer service, debt recovery, and complaints. We represent lending institutions in their relations with administrative authorities (the Polish Office of Competition and Consumer Protection, the Polish Personal Data Protection Office, the Polish Financial Supervision Authority, the Polish Financial Ombudsman). For enterprises, we also draft factoring agreements and agreements concerning financial services.