When it comes to FinTech licensing, about 50% of review time is spent by the regulators on “fit and proper” assessment and the overall team organization. Furthermore, many regulators will not even commence any policy or financial plans review before they are comfortable with the team structure. Obviously, team composition, Read more…
Pursuing your own licenses in 2023-2024 will take even longer for a number of factors, therefore, the dependency on your White-Label partners will increase. Success in FinTech Compliance in 2023 and beyond will depend on your ability to satisfy your White-Label partners and keep your costs low. Why securing your own Read more…
I am really happy and excited when my network contacts or blog readers or even random FinTech enthusiasts reach out to me and ask their questions. Please keep them coming – this is how I learn about your most common concerns and challenges and can produce better and more relevant 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…
Because of the type of service I offer, I have an ideal client base. Sometimes that means saying no to certain requests. In today’s episode, I am going to share a few examples of the times that I have turned down customers, in the hope that it will help make 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…
I have been part of dozens of FinTech projects over the last three years and they were all successful, which is why I felt that for today’s episode it would be helpful to share with you where and why FinTech start-up founders can be unsuccessful with their license applications. From positioning, Read more…
In today’s episode of Compliance That Makes Sense, I’m going to burst the bubble of confusion that exists around passporting. By the end of today’s show, you will understand what passporting means, the benefits of it, what the available three passportable services are, and the process that you need to 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…