Whether you are processing card payments, servicing direct debits, or building next-generation payment infrastructure, FCA authorisation as a Payment Institution is a prerequisite for operating in the UK market. The application process is exacting, and the FCA's expectations of firms continue to rise.
We tailor every application to reflect the realities of your business model, customer base and risk profile. Our consultants draw on direct experience of FCA policy and supervision to build applications that are commercially credible and regulator-ready. We don’t produce generic submissions; we produce ones that withstand scrutiny.
Our support extends well beyond authorisation. Payment services regulation imposes continuous obligations, and the regulatory environment is changing. We provide ongoing compliance support across safeguarding, financial crime, prudential requirements and regulatory change, so your compliance framework keeps pace with your growth.
Select a category to see tailored support and relevant services.
Authorisation as a Payment Institution demands rigour, precision and a clear demonstration of your control framework. We bring the regulatory insight and application expertise to get you through it and set you up for sustainable growth.
MyCosegic replaces fragmented compliance work with a single operating system where actions, evidence, approvals and oversight live together.
The US market demands SEC compliance across multiple jurisdictions. Our specialists manage the entire process so you can focus on the opportunity ahead.
As your business evolves, your regulatory permissions must keep up. We identify what you need, build the case and manage the application end to end.
Corporate changes require FCA approval. We manage the process with precision, ensuring submissions are complete, well-reasoned and delivered on time.
When regulatory demands shift or specialist knowledge is needed fast, our ongoing support gives you access to senior compliance expertise.
Providing experienced compliance professionals to strengthen your team and support regulatory priorities.
Consumer Duty places significant obligations on payment firms. We help you identify compliance gaps, embed fair outcome practices and evidence your commitment to the standard including through our structured Compliance Monitoring Programme.
An independent view of your regulatory position, giving senior leadership the insight to act and strengthen compliance foundations.
Supporting accurate, timely regulatory reporting to help you meet your ongoing compliance obligations.
Practical, proportionate ICARA processes embedded into day-to-day risk management and built to meet regulatory expectations.
Compliant, crisis-ready wind-down strategies that are clear, credible and integrated into your prudential risk management framework.
Practical, regulator-ready support that embeds SM&CR confidently across your organisation, tailored to your firm's specific needs.
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Our Experts
Our Experts
Senior Consultant,Digital Finance
Find answers to the questions we’re asked most often, from our compliance and training services to how we can support your business.
Timelines vary depending on the complexity of your application and the FCA's caseload. The quality and completeness of your submission have a significant bearing on how smoothly the process runs. Our team is experienced in preparing applications that minimise delays and reduce the volume of FCA queries. Speak to us early in the process to understand what to expect and how we can help.
The two categories of payment institution have different regulatory requirements and operational thresholds. Which is right for your business depends on your specific model, transaction volumes and growth plans. This is exactly the kind of question we help clients work through at the outset get in touch for a scoping conversation, and we can help you understand your options.
Safeguarding is one of the FCA's highest priorities for payment firms, and the requirements have become significantly more detailed following recent regulatory reforms. A safeguarding audit provides independent assurance that your firm is meeting its obligations and identifies any gaps before the regulator does. Our team conducts independent safeguarding audits for payment firms of all sizes. Speak to us to understand what an audit involves and what it would look at in your business.
Absolutely, and this is a significant part of what we do. We support authorised Payment Institutions through structured compliance monitoring programmes, financial crime audits, regulatory reporting support, board advisory services, training and more. If you are looking for a long-term compliance partner rather than a one-off project, speak to our team about how a retainer arrangement could work for your firm.
FCA queries during the authorisation process are not unusual, but how you respond to them matters considerably. We support clients through the full post-submission phase from drafting responses to FCA feedback to managing the ongoing dialogue with the regulator. If you are already in the process and have received queries, speak to us, and we can discuss how we may be able to help.
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