Issue cards, hold balances and embed payments under a partner’s licence while your own authorisation is in progress, or as a permanent model, through programmes we arrange and help you operate, on white-label technology built for your product.
Selected engagements from more than 250 licences obtained since 2013, for payment, e-money, cryptoasset and consumer credit firms.
Volkswagen
Payment InstitutionObtained Nexpay’s FCA Authorised Payment Institution licence.
Electronic Money InstitutionObtained Dzing Finance’s FCA Authorised Electronic Money Institution licence.
Obtained Orbital’s FCA Authorised Payment Institution licence.
Not every business needs its own licence on day one, and some never will. A programme under a licensed partner lets a firm issue cards, open accounts for its customers and move money within months, under the partner’s permissions and oversight. We select the partner, negotiate the programme and build the compliance operation the partner and its regulator require. When the firm later applies for its own licence, the programme becomes the track record in its application.
Bespoke white-label platforms for accounts, payments, wallets and card programmes, built to the product and ready to go live with the licence or programme.
Licensed issuers, programme managers and BaaS providers matched to the firm’s product, markets and volumes, with the trade-offs set out.
Commercials, responsibilities, reserves, data and exit terms negotiated so that the firm can migrate to its own licence.
The onboarding, monitoring, complaints and reporting the partner requires, built to the partner’s standard and run by the firm.
Card scheme programmes, BIN sponsorship, processors and the certification steps to launch.
The application for the firm’s own authorisation, with the programme’s record as evidence, and the migration plan.
Registration as an agent or distributor of a licensed principal where that model fits the product.
| Deliverable | What it contains | Who relies on it |
|---|---|---|
| Model recommendation | The licensing model for the business with the reasoning, cost and timing of each option | Board, investors |
| Partner comparison | Shortlisted partners compared on scope, economics, geography and exit terms | Board |
| Programme compliance manual | The policies and procedures the partner requires, approved by the partner | Partner, auditors |
| Launch plan | Scheme, processor, partner and compliance milestones to go-live | Operations |
| Migration plan | The route from programme to own licence with timing and dependencies | Board, regulator |
Typically within three to six months of partner selection, depending on the product and the scheme certification required.
The licensed partner holds the regulatory responsibility and sets the standards the firm must meet. The firm remains responsible to its customers and to the partner under contract.
Yes, where the partner’s permissions allow it. Balances are held and safeguarded by the partner, with the firm operating the customer relationship.
Yes. Regulators look for a credible business with a compliance track record. A well-run programme provides both.
The United Kingdom, the EU and EEA, the United States, Canada, Australia, Singapore and Hong Kong, through partners licensed in each.
A reply within three business hours and a written proposal on scope, cost and timing the same day.