Financial Institutions and Fintech Licensing in the EU
Comprehensive advisory on financial institution licensing, passporting and regulatory compliance across the European Union and beyond.
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Financial Institutions and Fintech Licensing in the EU
Comprehensive advisory on financial institution licensing, passporting and regulatory compliance across the European Union and beyond.
EU Financial Licensing and Market Access
Fintech companies, banks, electronic money institutions, payment service providers, insurance companies, securities brokers and investment advisors, crypto service providers and other financial institutions in Europe and rest of the world are subject to higher regulatory and risk management requirements.
Licensing of a financial institution in one European member state within the European Union (EU)/European Economic Area (EEA) opens up business opportunities to provide services in all other states, enjoying benefits of the worlds biggest common market of 450 million wealthy consumers and over 20 million businesses.
Strategic Licensing Solutions and Regulatory Advisory
Purchasing of existing PSP, EMI or other financial institution may save lot of time required for the licensing, business set up and allows start business operations faster. ECOVIS will advise you select the right acquisition target and guide you during the company acquisition process.
After the adoption of pan-European MiCA regulation allowing crypto service passportization in EU/EEA ECOVIS advice Crypto Asset Service Providers (CASP) on MiCA compliance and conversion of their existing licenses in to the European passportable crypto licenses.
For non-European payment and money service business we currently recommend Canadian Money Service Business (MSB) license.
Why ECOVIS
ECOVIS is the leading global consulting group with over 9000 professionals operating in more than 90 countries around the world. Deep local knowledge in every country where ECOVIS office is located and international expertise of the interdisciplinary network of ECOVIS International professionals allows selection of the right licensing jurisdiction for every financial business. Below you will find short descriptions of licensing solutions and services offered by ECOVIS.
ECOVIS ProventusLaw Experience Includes
Data Protection in FinTech Companies
Data Protection requirements for FinTech companies
Mergers and Acquisitions in Financial sector
Business financing. Public offering of securities. Venture capital funds. Special support program for Fintech Start-ups.
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