Best Fintech Lawyers in Peristeri

1. About Fintech Law in Peristeri, Greece

Peristeri is a municipality in the Athens metropolitan area, making it a focal point for digital finance activity in Greece. Fintech law for residents and businesses in Peristeri combines EU regulations with Greek supervisory rules. Key regulators include the Bank of Greece (BoG), the Hellenic Capital Market Commission (HCMC), and the Hellenic Data Protection Authority (HDPA).

In practice, a Peristeri fintech company must navigate licensing, consumer protection, data privacy, anti money laundering, and contract enforcement. Local startups often seek guidance on whether their activity qualifies as a payment institution, an electronic money issuer, or a crowdfunding platform. Experts emphasize aligning business models with regulatory requirements from the outset to avoid delays or penalties.

PSD2 aims to open the payments market to new players while strengthening security and shopper protection.

Because Fintech in Greece operates under EU directives, the regulatory landscape is dynamic. Greek authorities publish guidance and circulars that interpret EU rules for local businesses. Engaging a Peristeri lawyer early helps ensure timely registrations, compliant contracting, and proper risk management.

2. Why You May Need a Lawyer

Starting or running a Peristeri Fintech business often requires specialized legal counsel. Below are concrete scenarios where a solicitor or attorney with Fintech experience is essential.

• Aiming to launch a payment services or electronic money business in Peristeri. You will likely need BoG authorization as a payment institution or e-money issuer, plus ongoing supervisory compliance. A lawyer helps prepare business plans, risk controls, and regulatory filings.
• Implementing open banking features and API access with Greek banks. You must comply with PSD2 and Strong Customer Authentication requirements, plus data sharing and security standards. An attorney drafts binding terms and risk disclosures for customers and partners.
• Running a Peristeri crowdfunding campaign or platform. You may fall under HCMC oversight for capital-raising platforms. A lawyer helps with licensing, investor protection rules, and disclosure requirements.
• Processing personal data through a Fintech app or service. GDPR compliance, data processing agreements, data breach response plans, and subject access rights are legally complex. A legal adviser coordinates privacy policies and DPO arrangements if needed.
• Enterprises entering cross-border payments or data transfers with EU or non-EU partners. You face AML-CFT obligations and cross-border data transfer rules. A lawyer ensures contracts address KYC, risk, and privacy safeguards.
• Dealing with regulatory enforcement or consumer complaints. A lawyer helps prepare investigations responses, remediation plans, and settlement negotiations with BoG, HCMC, or HDPA as applicable.

3. Local Laws Overview

The Fintech framework in Peristeri rests on EU directives enacted into Greek law and supervised locally by Greek authorities. The following national-level references are central for most Fintech activities in Greece.

• Directive (EU) 2015/2366 on payment services in the internal market (PSD2). This EU directive governs payment services and access to payment accounts. In Greece, the Bank of Greece oversees licensing and compliance for payment service providers and e-money issuers. Open banking and strong customer authentication were reinforced by PSD2 rules, with the EU implementing SCA requirements around 2019.
• Regulation (EU) 2016/679 on the protection of natural persons with regard to the processing of personal data (GDPR). GDPR governs data collection, storage, use, and transfer for Fintech services. In Greece, the Hellenic Data Protection Authority enforces GDPR obligations and issues guidance to businesses and public bodies.
• Directive 2009/110/EC on the taking up, pursuit and prudential supervision of electronic money institutions (E-Money Directive). This directive regulates electronic money issuance and related services. In Greece, BoG supervision applies to e-money issuers, with national rules implemented to align with EU standards.

Recent changes and trends include stronger enforcement of SCA provisions under PSD2 and ongoing GDPR privacy governance across Fintech services in Greece. The Greek authorities emphasize risk management, KYC processes, and transparent customer communications for consumer protection. For cross-border activities, Peristeri companies must observe both EU-level directives and Greek implementations overseen by BoG, HCMC, and HDPA.

GDPR enforcement is coordinated by national authorities across the EU, with Greece's HDPA verifying compliance, audits, and penalties as needed.

Practical implications for a Peristeri fintech include licensing timelines, privacy policy drafting, and contract terms with customers and partners. Local practice often requires a thoughtful combination of regulatory filings, data protection measures, and consumer- and business-facing agreements. A Greek Fintech attorney can tailor documents to Greek corporate structures and the Attica business environment.

4. Frequently Asked Questions

5. Additional Resources

The following official bodies provide authoritative information relevant to Fintech in Greece. They offer guidance on licensing, data protection, and market conduct.

• Bank of Greece - Supervises payment services, banks, and electronic money institutions; provides licensing guidance and supervisory circulars for Fintechs.
• Hellenic Data Protection Authority - Enforces GDPR, provides privacy guidance for technology companies, and handles data breach responses.
• Hellenic Capital Market Commission - Regulates crowdfunding platforms, investment-related Fintech activities, and market conduct within Greece.

6. Next Steps

1. Define your Fintech activity and regulatory path in Peristeri (payment service provider, e-money, crowdfunding, or other). This helps target the right licenses and filings. Timeline: 1-2 days.
2. Gather essential documents and information about your Peristeri operation (company registration, address, ownership, business plan, and data protection policies). Timeline: 3-7 days.
3. Search for a specialized Fintech lawyer in the Athens region with Peristeri familiarity. Gather referrals, compare 2-3 firms, and review proposed scopes of work and fees. Timeline: 1-2 weeks.
4. Schedule an initial consultation to map regulatory requirements, licensing steps, and privacy obligations. Obtain a written engagement plan and cost estimate. Timeline: 1-2 weeks after selection.
5. Share your documents, drafts, and policies with the attorney to begin filing, drafting contracts, and establishing compliance programs. Timeline: 2-6 weeks for initial deliverables depending on scope.
6. Implement a regulatory compliance plan with the help of your lawyer, including licensing, privacy, AML/CFT, and contract templates. Schedule regular updates as laws evolve. Timeline: ongoing with quarterly reviews.