It is an unfortunate truth about financial startups: the regulatory barrier to enter is high and you need to have many things in place (people, technology, partnerships, documentation, license approvals...) before you are even allowed to start. If you don’t manage your resources carefully, you risk running out of money.

In a decade of working in FinTech compliance, I came to believe that the majority of FinTech leaders don’t realize that all they need to do is to align their decisions about compliance with the same approach they use for technology development. Or, in other words, do the right things at the right time.

If you are a FinTech Founder or a CEO, what you want is to build and grow a uniquely successful business, to have more customers, to be a global leader, to prepare and execute a successful exit. You want to launch new products, eliminate your competition, and raise more funds. AND – you want to do all of the above with clarity and confidence, and never worry about compliance (ideally – never spend any money or time on compliance). You want your compliance to be effortless and invisible (and in the perfect word - free).

When all of that happens, you will feel like you've changed the industry and you are the next Elon Musk or Jeff Bezos, and you will have a sense of accomplishment and a true validation of your exceptional leadership and visionary skills.

Your little "problem" is that to launch anything in FinTech you need TONS of approvals, licenses, permissions, and audits. Your regulators, banks, and partners rely on compliance information, documentation, and policies much more than they rely on your financial projections, market research analysis, or your innovative technology. Investors, regulators, and banks often want to know if the thing you are doing is legit before they ask when it will become profitable.

Look around – how often have we seen exceptional all-star teams with comfortable funding buffers, great networks to leverage, supported by leading consultants, hiring top engineering talent, announcing major partnerships with banks…

They publicly celebrated the launches of their projects only to see that their licensing processes took 18-24 months and cost $20+ million.

Look at how many years Revolut was waiting for their banking license, look at the Libra project not being able to figure out their regulatory situation since summer 2019, study quite modest progress of both Swiss crypto-banking projects… Just to name a few…

To tell you the truth – I’ve never seen a successful license application where everything was ready. There are always trade-offs and compromises and missing things, but if you have not gone through this process before, you would not necessarily be able to guess, what’s important and what’s less critical.
 
Which is why I created a very unique practically focused workshop where you can learn how to successfully secure your FinTech license while avoiding unnecessary delays and waste of resources.

By the time you will finish this FinTech Licensing Workshop, you will have clarity about the core success ingredients any growing FinTech needs to massively scale operations and get regulatory approvals easier and faster.

This value-packed condensed and pragmatic training will help you apply the "just in time" principles to FinTech licensing.

When: any time!

What you will get:

• Access to a LIVE workshop recording that took place over 2 days, approximately 1 hour each day.
• You will also get access to a number of downloads, specifically – our detailed FinTech license application roadmap, which will provide you with a clear and simple overview of a typical licensing process, key milestones, and how to know if you are on track or not.
• Downloadable overview of the EU/EEA regulatory regimes, and a sample document template for your first regulatory inquiry.
• BONUS: Access 3 to Q&A calls recording on FinTech licensing where we talk about the most common license application mistakes (that lead to delays and re-submissions) and how to avoid them.

Why this works: In the last several years, Yana Afanasieva and Competitive Compliance have successfully completed 12+ FinTech license applications in multiple jurisdictions, and will share with you first-hand experience about how long it takes and what the differences and similarities between countries, local requirements, and regulatory expectations are.

AGENDA:

• Day 1: Pre-application. Where do you bring your startup? First regulatory contact. What do you need to have in place before you apply in terms of people, tech, and documentation?
• Day 2: Application and Post-Application. We talk specifically about key reasons why so many applications are stumbling in the beginning and how to avoid it. We share experiences on how to conduct regulatory negotiations and how to know you are on track. We cover key milestones of the post-application phase, such as completing audits, passporting, setting up FIU, DPA, and other processes before you go live.

Logistics: Login details and instructions on how to access the workshop recordings will be sent to you immediately after completing the payment, granting you instant access to downloadable templates and video training.