FinTech & Compliance Consultant Letitia Seglah on the RegTech panel at LendIt 2017, London (Image credit LendIt Euro).


FinTech Risk Compliance, Risk and Regulation Services for Startups and SME

Launching a startup is challenging in any sector, but launching a Fintech startup in London is that much harder because of the regulatory and compliance requirements in the United Kingdom set out by the Financial Conduct Authority (FCA).

At Startup Manufactory, we understand the challenges. We have drafted in experienced professionals in the field of Financial Services, Investment Banking, and Compliance to offer a unique and holistic service to help your startup from ideation to inception.

We help your FinTech startup gaining clarity with regulatory challenges in anti-money laundering, customer knowledge requirements, and privacy and security. Whilst large established banks have the infrastructure to ensure legal compliance and can easily shell out the high costs of financial compliance, we recognise the need for innovative and disruptive FinTech startups in the market to access this skill set at affordable and flexible means. We can help you with:

General Data Protection Regulation (GDPR)

  • Have you prepared for the General Data Protection Regulation (GDPR)? The GDPR will impose greater legally binding obligations on companies handling customers’ data. Data Protection Training will become mandatory and a Data Protection Officer has to be appointed in many cases. Let us have a look at your company set up and give you advice what steps to take to be compliant.
  • FinTech FCA Application for Authorisation, Launch and International Expansion

  • Help to navigate the complex regulatory landscape, to understand, develop and implement a compliance and regulatory framework and to obtain the required regulatory permissions to get your FinTech startup started. This means that a launch may be 8-12 months away, but using our specialists can help to reduce significantly both launch time and costs.
  • FinTech Compliance Consulting

  • On hand to help with FinTech Compliance queries and analysis, problem-solving, check and challenge to ensure that your FinTech startup is poised for regulatory requirements and change. Whether it’s a question regarding marketing your startup under FCA guidelines, independent reviews procedures, and guidance notes, training staff on anti-money laundering or personal liability, Regulatory reporting or general advice and support. Our team is experienced with international regulations, EMIR, MiFID II, Basel II & III, Dodd-Frank, GLBA/AML amongst other subject matters.
  • FinTech Compliance Risk Assessments

  • Preparing you with the tools to understand your company’s compliance risk exposure. growing regulatory obligations and foresee the of compliance risks buried in each part of the organization. Assessments are specifically designed to identify the risks bearing the greatest potential for legal, financial, operational, or reputational damage and appropriately allocate available resources to mitigate those risks. What you are left with is an embedded framework and methodology. Policies, procedures, and training that facilitate the processes cultures and behaviours to successfully identify, prevent and resolve compliance risks.
  • FinTech Compliance Testing and Monitoring

  • It is difficult or impossible to understand what is working and what needs enhancement in the compliance programme without sufficient testing. Robust monitoring programs serve as an early warning system that allows compliance professionals to identify potential compliance issues, sooner rather than later. As compliance programs mature, these elements serve as an invaluable source of information about deviations in expected behavior that might open the window to potential material or systemic compliance risks. The outcome of ongoing testing and monitoring programs drives metrics that can point not only to the effectiveness of the program design but also to the effectiveness of the program’s operation, enabling improved allocation of responsibilities assigned to the relevant first line, second line and third lines of defence.