This is an EMI license that has been filed and approved by the FCA. The license can be transferred to a qualifying buyer and be ready for use within a short period of time. The seller would be able to facilitate the transfer process. Reduces time to implement associated with a 6 – 8 month filing and approval process.
Deployed Core Banking Platform to Start Operations Incl.:
- Integrated AML/KYC/KYB modules
- Web Banking
- Mobile Banking (iOs, Android)
Permission to provide certain regulated products & services:
- cash placement on a payment account
- cash withdrawals from a payment account
- Execution of payment transactions (covered & not covered by a credit line)
- Issuing payment instruments or acquiring payment transactions
- Money remittance
Further Business Development:
- Opening business and safeguarding accounts across EEA and the UK
- Step-by-step change of control (company management)
- Existing Directors may continue doing business with the new shareholders
- Launching card issuing programs
- License extension to an Authorised E-money institution