In this episode, I explore some advantages and disadvantages of establishing a startup in the FinTech hubs of Luxembourg, Lichtenstein, Ireland, and Lithuania. A perfect environment does not exist, but this episode should give you clarity around which country will be best suited to you and your company. WORKSHOP ANNOUNCEMENT: Read more…
Today, I wanted to share with you some of the most common scenarios where FinTech license applications get stuck. 😉 Curious? – Read on! 👓 Not knowing how to respond to broad open-ended questions such as “describe the flow of data within your organization”, “describe how do you detect risks related to Read more…
Let’s talk about the relatively new phenomena of licensing pre-applications and how to make them go quickly. ⏩ License pre-application phases are introduced by many (but not all) regulators as a formal step before you can apply for any license or authorization. Regulators don’t want companies to just send them an Read more…
I’d like to compare the pros and cons of buying a regulated entity versus applying for your own license. The main advantage of buying a licensed company versus creating one and applying for the license is that you can continue to operate an existing business. With the new entity, you Read more…
Average payments or e-money license or money services or a VASP regulatory approval takes about 8-12-18 months. And actually only 10-15% of companies who apply get there, the vast majority of the applicants either abandon their applications, run out of money or get an unfavorable prognosis from the regulators and Read more…
The well-established nature and high price points of large consulting firms have led to the common assumption that they are the best choice for FinTech companies looking for support with their license applications. Big Four firms do have a role to play, but in today’s show, I explain why this Read more…
Regulatory projects often take longer than you may expect, which can be very frustrating. In today’s episode of Compliance That Makes Sense, I am going to explain the various reasons that delays occur, and the circumstances under which you should expect these delays and prepare for them so that you Read more…
On December 21st, 2020, the SEC filed a lawsuit against Ripple, accusing the company of illegally offering securities without proper registrations and declarations as required by the US securities laws. In recent years, the SEC has ruled that Bitcoin and Ethereum were not securities, mainly because they are decentralized with Read more…
So the doors to Compliance That Makes Sense Helpline are now open and we are accepting new participants. In January 2021, we will celebrate 2-year anniversary (can you imagine that!!!) and there are some clients who are still with us to date! Here is how you know if Compliance Helpline can actually help Read more…
“Timing is everything with this project.” Today Yana discusses one of the most frequently asked compliance questions she hears; how soon can you get me a compliance license, and what the process looks like? People worry about this question because they want to plan when to launch products when hiring Read more…