Just like most people, we are excited about the increasing popularity and adoption of artificial intelligence and machine learning technologies across sectors, including data protection and privacy issues arising from the use and adoption of existing and emerging technologies. As more work is being done to improve these technologies, the Credence team, leveraging our experience working with clients on other emerging technologies, is well positioned to provide a full spectrum of legal advice and support on legal issues surrounding the development and commercialization of these technologies. Our services include advising on formation, venture financing, licensing, intellectual property, and privacy.
Selected Experience of the Team:
- Executed the legal, regulatory and compliance backlog of fintech clients towards achieving different product milestones (MVP, partnerships, and expansions, etc.) including, preparing the standard T&Cs for the customers, reviewing the KYC flows of the product, preparing, and implementing the overall compliance framework and policies (ranging from AML/CFT to other relevant compliance documents)
- Drafted, reviewed, and implemented all privacy and data compliance documentation and policies of clients including the privacy policy, data protection policy, data privacy impact assessment policy, data audits policy, etc. in compliance with data protection laws.
- Conducted data impact assessment of new and proposed technology products and services of clients in compliance with the data protection laws
- Conducted extensive privacy and data protection audits for clients across different institutions, including preparation of the audit reports, presentation to senior management, implementing relevant recommendations further to the audit and overseeing the filing of the audit reports with the relevant regulator in Nigeria
- Automated and implemented the privacy and data protection procedures of client in conjunction with product and engineering teams
- Oversaw the data protection audit of clients and ensured timely filing with the regulatory authorities in Nigeria
- Facilitated a ‘train the trainers’ session to the employees of one of the largest pan-African fintech and payments companies on AML/CFT in Nigeria
- Facilitated a data protection and compliance training session for the employees of a leading technology infrastructure company in Africa
- Advised leading global technology companies on several data protection and artificial intelligence related issues in Nigeria, including conducting data protection audits and other ethical issues relating to the use of AI
- Advised a global technology company on the global data protection review of its core products in Nigeria; conducted a robust review of the data protection regulations applicable to these products from a Nigerian law perspective
- Advised a global technology company on Nigeria data protection and compliance issues applicable to the company’s products in Nigeria across different industry segments such as education, financial services, health, energy, etc.
- Advised regulators on laws and regulations in the financial services and securities regulations including the development of new regulatory framework for emerging products in the financial services and securities industries