297 EUR (inclusive of 7.7% Swiss VAT)

How to Prepare for Bank Due Diligence When Opening New Accounts for FinTech Startups

After completing this workshop you will have a crystal clear plan for approaching banking partners and will know exactly what to expect, what to say, and what to submit as a part of your application, how to complete regulatory due diligence, and even reverse the previous rejection.

This Offer Includes:

Live Workshop recordings (see the agenda covered below) covering the most common mistakes, misunderstandings, and misperceptions that happen during bank account opening processes and how to avoid them
A downloadable workbook with checklists, examples of commonly required disclosures, and sample language to use
Sample AML/CTF Risk Assessment
Examples of the flows of funds diagram

AGENDA

Before you go to the bank
- Company name
- Trade Register information
- Website content

Standard documentation package (checklist included)
- documents needed and the level of details required
- is it possible to substitute one document for another

List of FinTech-friendly banks and their expectations
- 7 countries

How to approach the bank and prepare your documentation
- How to describe your business model and risks (examples included)
- How to prepare your flows of funds (examples included)
- How to explain your sources of funds (examples included)

How to answer due diligence questions during your application review
- Style, formatting, attachments
- How to address the fact that you operate in a riskier industry/segment or with high-risk countries
How to reverse the (initial) rejection

Logistics: After you have made the payment, you will be granted access to the password-protected area of the course portal where all recorded content and templates will be delivered to you. You will be prompted to create your login and password which you will need to access the program recordings at any time in the future.

This offer is non-refundable as soon as you accessed it.

About your instructor:

After years of experience gained with Amazon and PayPal, Yana Afanasieva became an entrepreneur on a mission to showcase how compliance can operate as an agile and scalable function within FinTech. Yana advises FinTech and Blockchain clients on licensing, payments regulations, AML and KYC automation, privacy, outsourcing, information security, and overall e-commerce and financial services compliance.

Since 2017, Competitive Compliance has worked with prominent FinTech pioneers and helped them build up scalable compliance programs and secure over a dozen of financial licenses, secure partnerships and grow their businesses.

Questions? – [email protected]