- Who it is forPayment services, exchanges, neobanks
- FrameworkEMI, MSB, PSD2, AML/KYC
- JurisdictionsEU, Canada, USA
Fintech runs on the trust of regulators and banks. We help you register or obtain a licence, build compliance and reach agreements with partner banks.
What brings clients to us
What we do
You are entering a new market and need to know which registration or licence is required: EMI, MSB and others
We determine how the activity is qualified and which regime applies
Your platform needs an AML/ATF program that a regulator will accept
We develop an AML/ATF program: policies, procedures, risk assessment, training and independent audit
Banks refuse to open accounts or drag out onboarding
We prepare you for bank onboarding and explain how it differs from regulatory requirements
You need agreements with payment providers, banks and partners
We build the contract base with providers, banks and partners
You need user terms and policies for a payment product
We prepare user documents for the payment product
You need to prepare and file an application with the regulator
We assemble the document package, file the application and support the dialogue with the regulator
How we work
- Task reviewWe study your product and business model.
- StrategyWe settle the solutions, timelines and budget.
- PreparationDocuments, contracts and procedures for your task.
- SupportWe stay with you to the result and after launch.
Cases
FAQ
How is an EMI licence different from MSB registration?
An EMI is a licence to issue electronic money granted by regulators in EU countries. An MSB is a money services business registration, for example with FINTRAC in Canada. Which regime applies depends on the market and the services you offer.
Can we operate in a market without a local entity?
It depends on the country. In Canada, for example, foreign service providers can register as a Foreign MSB before starting operations. We check the requirements of the chosen market at the outset.
Why do banks refuse fintech companies?
Often because of incomplete compliance, an unclear ownership structure or a high-risk model. Regulatory requirements and bank onboarding differ, so we prepare documents for both processes.
Shall we discuss your task? We reply within one business day.