Authorised Payment Institutions (APIs).
Whether processing card payments or servicing direct debits and subscriptions, our experts steer your businesses through the UK’s patchwork of complex compliance obligations to achieve Authorised Payment Institution (API) status. And maintain it.
COMPLIANCE WITH COMMERCIAL INTENT.
With careful consideration of your business model, customer demographic, and risk profile, we tailor your API application to meet the regulatory requirements of the FCA and present a commercially and operationally sound proposition. This will demonstrate that your controls framework is proportionate to your business model and the risks you face, while allowing room for your operations to scale.
Our support for APIs extends beyond the authorisation process. Remaining compliant with payment services regulations is an ongoing commitment. Leveraging our unparalleled regulatory knowledge, we support you with your ongoing regulatory obligations. This can include anything from preparing safeguarding and anti-financial crime audits to assessing the impact on your business of regulatory changes and training your teams to ensure their skillsets are up-to-date and relevant.
