Regulated Fintech entities


Payment Entity. 
Payment Entity license enables a fintech to Secure funds, Operate to transfer
funds in marketplaces, Operate as an exchange cryptocurrency and Process
transactions as payment gateway, moreover if you are a B2B focused business
also enable you to transfer remittances through business.  the capital
requirement is 125.000€

And what if we want to create a Neo-Bank or a Challenger Bank?

Then we need to apply as a EMI Electronic money institution, and that will
entail further requirements, Minimum social capital, 350.000€ and that license
enables to perform as payment service, issue credit cards, Iban numbers, crow
accounts, Mobile wallets,

Also EMI type of license allows to perform as AISP meaning bank reader, so
aisp license can connect through API to several bank accounts from a
customer, with the previous consent, these allow the service to provide a wide
knowledge on the credit risk side, or even on investment, as through data credit
risk score are done.

EMI´s can also be regulated as PISP which means enabling payments without
needing a credit card on the customer payment flow. PSD2 allows users to
operate around Eu by passporting the license.

On the competition and innovation front, the use of application programming
interfaces (APIs) opens up the floodgates of access to information by third-party

From a regulatory perspective this includes customer consent, Third-Party
Payment Services Providers (TPPs) can access information and build new
payment solutions.

How are these improvements implemented to make it factible by using APIs.
Application programming interfaces (APIs) allow users to exchange data in a
secure and controlled environment, which is one of the core pillars of a safe
interoperable business.

Silvia Calls

Fintech lawyer