New Business Development
Launching a new business or product that requires authorisation can be daunting, whether or not you’ve been through the authorisation process before. Many organisations don’t know where to start, especially with the requirements for FCA authorisation and scheme membership.
Neopay navigates businesses through the process of achieving regulatory compliance, authorisation and card scheme membership. We undertake business planning and development, risk management, passporting and other cross-border activities. And we also work to shape regulation and provide feedback to regulators, to improve the market for all involved.
We begin with business strategy and planning support which helps organisations with the first steps to developing their new e-money business or product. Our experts guide you through the strategic planning process, providing details of the options available to you and their implications, including:
- Authorisation requirements and how to achieve a successful application.
- Alternative routes to market if appropriate, including ways to avoid needing authorisation and their impact on your business model.
- Acquiring an existing institution and the implications for your business.
- The advantages and disadvantages of different EU locations
We will then agree the best course of action to ensure the successful completion of your application, providing a range of partnering solutions to meet your resource, budget and time-scale requirements.
Neopay focuses on creating a bespoke and fully integrated compliance process for each client, which takes into account that company’s individual and specific priorities and structures. None of Neopay’s client applications have ever been rejected by the regulator, and the company has helped more e-money and payment institutions develop successful compliance frameworks and become authorised than any other specialist consultancy.