First important point β FATF guidelines are NOT for companies or businesses or private sector, they target national authorities of FATF member countries. Which means, until FATF recommendations are implemented into the national law, they are not binding. So β What Read more…
Photo by Jonathan Sharp on UnsplashβDid you know that in the EU, financial institutions are almost 100% responsible for fraud and account takeover losses, when dealing with consumers?Yes, even if the consumer is totally careless and uses “password123” across 250 Read more…
Liechtenstein recently confirmed its place as one of the most FinTech-friendly jurisdictions by adopting a new circular on digital verification of customers! Whatβs changed:In addition to 2-way video verification of customers, more options are made available to FinTech platforms.From now on Read more…
Photo by Isaac Smith on UnsplashAs you’ve probably noticed, new solutions in digital verification of customers pop up every week, and I’d like to share with you 3 important trends that help tremendously with customer conversions.Reliance on 2-way human interaction Read more…
Photo by AslΔ± YΔ±lmaz on UnsplashI sometimes feel that confusions and misperceptions about passporting of financial licenses across EU/EEA is an ever-growing bubble.βToday, we will burst this bubble once and for all!Passporting is a formal recognition of your companyβs rights Read more…
From time to time startup founders, regulatory consultants and corporate business developers spend their time on exploring new opportunities and building customer relationships. I have recently learned that it’s important to say βnoβ to a project or an opportunity very early Read more…
The requirements on when to apply strong authentication for the EEA-based customers are outlined in the RTS on Strong Authentication β and they will fully come into force from the 14th of September 2019. Generally speaking, itβs required to Read more…
If your FinTech startup is in the process of applying for the bank account opening or preparing for partner due diligence, you will need to produce and submit TONS of documents! To help you navigate the process and make Read more…
