Electronic Money Institutions - Licences
Europe has many jurisdictions that allow you to start your Fintech project.
Obtaining a licence is usually a whole project and each jurisdiction has its own requirements that need to be carefully analyzed to ensure the licence will match your business needs.
More than this, if you will need to partner with other Fintech providers and/or banking partners, you will need to ensure that partners are comfortable with the jurisdiction of your entity.
As of today, the jurisdictions that are mostly used for successful fintech project and Electronic Money Institution businesses are :
- United Kingdom which is regulated by the FCA
- Lithuania regulated by the central Bank of Lithuania
- Estonia regulated by FSA -FINANTSINSPEKTSIOON
- Latvia regulated by the FKTK
- France regulated by the ACPR
- Canada