FinTech companies have seen an increased regulation in the UK. The major regulators of the financial service sector are the Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA), Payment Systems Regulator (PSR), and Information Commissioner’s Office (ICO). FinTech industries in the UK looking to register a company license are required to register with the FCA. You can register it yourself or hire the services of third-party firms, which is the best option especially if you’re not familiar with the regulations.
KPMG International has a worldwide presence where it provides consultancy services to FinTech entrepreneurs and startups gain footing in the UK and globally. This includes helping them through necessary legal requirements, with their collaboration with bar associations and governmental bodies.
Compliance24.com helps FinTech companies with fulfilling the basic requirements needed to run in the UK. The firm ensures companies meet all regulatory requirements, which is hard to accomplish without the assistance of compliance experts. The process is coordinated from start to finish–you just need to provide the necessary documents.
Deloitte also provides consultancy services for companies registering for a fintech license.
Zanders is another consultancy provider that helps FinTech companies register and operate in their respective jurisdictions.