Open banking and compliance platform

Project

Railsbank is one of the fastest-growing pioneers in the banking-as-a-service space, headquartered in London. Having set up its first APAC office in Singapore, Railsbank found itself in need of a legal partner on the ground that could meet its need for agility and cost-control and help with both day-to-day work as well as providing strategic legal input into its regional expansion strategy.

 Solution

Railsbank engaged KorumLegal to provide it with an experienced senior lawyer to act as its first APAC regional counsel, working on commercial and technology agreements, regulatory and licensing issues, compliance and overseeing new market entry. The consultant began as a part-time role but having quickly demonstrated value to the business, soon moved to a full-time commitment, working closely with global legal and compliance teams for 12 months.

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