DAC Beachcroft’s Commercial Technology team has successfully advised CoBa Technology on a deal with Lloyds Banking Group, to offer next-level digital solutions to commercial banking clients.

CoBa's cloud-hosted connected banking platform will, in conjunction with Lloyds Bank, transform the collaboration between the bank and its business customers by connecting core financial information and services to create an all-in-one digital banking solution. Through the platform, customers can have all their banking needs supported in one place so they can enjoy seamless banking, quickly make informed decisions and scale with confidence.

The deal is testament to the work of the DACB team, which was led by partner and head of team Tim Ryan and senior associate Alistair Cooper, in supporting companies that are disrupting financial services markets through innovation. The team works closely with Fintechs to help them navigate every step of their business lifecycle in the heavily regulated sectors in which they operate.

Tim Ryan said, "We were delighted to work with the fantastic team at CoBa on a deal that is helping the company continue to realise its vision of re-imagining the way businesses and banks collaborate."

Carl Hasty, CEO and Co-Founder at CoBa, commented, "We're very grateful to the DAC Beachcroft team for their invaluable advice during this important business win for CoBa."

DACB’s national Commercial Technology team is one of the largest in the UK, with over 40 lawyers advising clients domestically and internationally across all sectors and all types of commercial and technology issues. The team includes IT, regulatory, intellectual property and data protection experts who regularly advise on issues ranging from day-to-day contractual matters to complex digital transformation projects.