Finance institutions and Fintech licensing in the single European financial market
Fintech companies, banks, electronic money institutions, payment service providers, insurance companies, investment advisors, securities brokers and other financial institutions in Europe 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.
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.
In case you are planning to sell your licensed financial institution, ECOVIS may advice you finding the right purchaser able to meet regulatory requirements and receive permission to purchase the shares of financial institution.
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.
Below you will find short descriptions of licensing solutions and services offered by ECOVIS.
The experience of ECOVIS ProventusLaw includes the following
Electronic Money InstitutionThe most popular license covering all payment services and safeguarding of client funds
Bank. Specialised BankUnique financial institution which allows almost all traditional banking services in EEA/EU with only 1 million Euro equity capital
MIFID Investment Advisory and Securities BrokerCost effective pan-European investment advisory and securities brokerage license under MIFID directive
Investment Management and Investment FundEfficient and cost effective pan-European investment and fund management vehicle
Peer to Peer (P2P) lendingP2P consumer lending platform is a modern alternative to the bank financing
Consumer Credit ProviderNon-banking consumer lending license. Modern alternative to the bank financing
Insurance Company and Insurance BrokerPan-European insurance license opening European insurance market of 27 states and 450 million consumers
Cryptocurrency Exchange and Wallet LicenseCryptocurrency Exchange and Virtual Currency Depository Wallet operator license in Europe
Blockchain and Cryptocurrency LicensingLicensing solutions for blockchain, cryptocurrency, STO and token offerings
Regulatory complianceRegulatory compliance, due diligence, risk management and other services for finance institutions
IT Security OfficerIT security officer (ISO) services for organizations who work with stringent regulatory requirements
AML ComplianceA range of professional & consultative services by our AML team, including KYC, AM/TF Risk Assessment, AML Audit
Data Protection in FinTech CompaniesData Protection requirements for FinTech companies
Bank Account Opening. EMI Agent Registration. SEPA and TARGET2 accessBank and EMI accounts opening. Clients funds safeguarding accounts for Fintech’s. PI and EMI agent registration
Mergers and Acquisitions in Financial sectorBusiness financing. Public offering of securities. Venture capital funds. Special support program for Fintech Start-ups.
Knowledge without experience is of little use. Therefore we are proud of having our own valuable experience to share with you.