Business Issue
A fintech startup aimed to launch a mobile e-wallet with a linked payment card for retail use. To provide a full suite of services, including credit cards and personal loans, the company needed both an e-money application and consumer credit permissions from the FCA.
Solution
fscom quickly assembled a dedicated team of consumer credit and e-money consultants, alongside a project manager to oversee the entire process. We created a comprehensive project plan to track both the FCA authorisation process and the operational actions required for the fintech to meet regulatory standards.
Benefits
The fintech company successfully secured both e-money and consumer credit permissions from the FCA, allowing them to launch their mobile e-wallet with the full range of services. The detailed project management ensured smooth and efficient processing, meeting regulatory requirements within the specified timeline.
Client
Feedback
The client was highly satisfied with fscom’s ability to mobilise a tailored team quickly and efficiently. They appreciated the thorough and organised approach, which led to the successful delivery of both FCA authorisations within the 12-month timeframe, allowing them to proceed with their product launch confidently.
