What can we do for you already?
We are ready to offer guidance for companies who are unfamiliar with the legislation relevant for financial institutions. For many fintech entrepeneurs, the financial legislation can be overwhelming, which is why the fintech team is ready to help them understand the rules. We want to offer an extended guidance to fintech companies, making it easier to understand if you are operating within the financial legislation, and if so, which parts.
Specifically, we will focus on the fintech companies' business models and use of new technology. If the conclusion is that the products or services offered, falls within the scope of the financial legislation, the fintech team can help the company move through the process of getting licensed. Getting licensed is a very formalised process which can be challenging, especially for a start up company, why a member of the fintech team will assist the company through the process. The idea is to make the process of obtaining the correct license in order to offer your product or service more transparent, enabling entrepeneurs to have less time to market with their products or services. This is what we call "handheld supervision".
Guidance og Q&A
Companies are already more than welcome to meet the fintech team and receive guidance about potential relevant financial legislation based on an complete business model and description of the proposed activities of the company. Further, our short term intention is to build a useful Q&A page on the website, based on specific questions from companies which we conclude could be relevant to the wider public.