Banking Partnerships

The evolution of the payments landscape has also led to the evolution of licensing requirements for Financial Institutions (FI). We follow regulation closely, we have the experience to manage application process and we can help you with licensing submission in many jurisdictions, like the US, UK or Europe. We will save you precious time and at a fixed cost. We can also advice your team in putting together all the needed documentation. We know how. Ask us.

Open Accounts in Multiple Countries

Banking Partnerships

Banking partnerships are essential for all Financial Services companies. It is true that more and more, NBFIs can exist without a banking partner using other NBFIs as partners, but existing without a bank account or with limited & fragile banking partnerships; it is a very complex and challenging task. The derisking epidemic has hit NBFIs in most markets in the world, either as a direct effect of bank account closures or the impact of local banks losing correspondent bank accounts in the major markets or being forced by major banks to dump NBFIs from their client roster to continue providing international services to the local bank.

We at Mohr World have been able to work with banking institutions that have teamed up with us to help them procure clients and establish long-lasting banking partnerships where both financial institutions understand each other and work together in a cost-sharing compliance structure that works well for both institutions.

At Mohr World, we work with banks in the US & Europe that want to provide services to other banks, financial institutions, money transfer companies, MSBs and/or fintechs by actively advising them in successfully approaching the Bank that can become a partner. Banks save precious time & resources as we review the potential partner institution, the customer base, the products & services, transaction volumes, regional specificities, compliance & policies, and make sure there is a good match before the partnership is established. Mohr World guarantees that if the mission is not successful, there is no expense for the institution seeking a partnership.

The idea is not just to open a functional bank account but to establish a Banking Partnership where both sides understand the services each other provides, the costs involved, the risk management policies they have, and can develop trust based on good and active communication channels thereby eliminating surprises and misunderstandings.

Our Corporate Partners work together to provide the best advice and guidance to institutions on either side or both sides of the Banking Partnership, leveraging their expertise in legal counseling, compliance management, and the business understanding of the products & services, knowledge needed to ensure a lasting and fruitful relationship between parties.