Licensing & Regulatory Assistance
The evolution of the payments landscape has also led to the evolution of licensing requirements for Financial Institutions (FI), both Banks and Non-Banks (NBFIs), as regulators try to match the requirements of this digital age and do their best not to stifle innovation in the financial services industry.
Fintechs, from companies offering web and mobile-based financial services to pioneering blockchain & cryptocurrency services, are moving licensing forward as they disrupt decades-old structures, partnerships, and relationships, within the growing ecosystem of financial services & products.
Regulations will always behind the fast evolution of the payments landscape. Some services & products might not be regulated yet. Yet, regulators face the task every day of determining if a company needs licensing based on the products and services they offer and the regulations in place. Certain fintechs might decide to experiment without the proper licensing in place. International financial institutions might decide to offer services in certain jurisdictions without analyzing the potential fines they face if regulators determine that they should be licensed.
We at Mohr World, with our Corporate Partners’ expert advice and their in-depth understanding of the industry, can lead you on a safe path and provide you with the help you need. We can help you with the Application Submission in many jurisdictions for a fast and successful licensing process.