You may not know this, but before you can apply for a FinTech license, you need to go through the pre-application stage. This stage can feel like a time-waster, but it is actually very valuable. Tune into today’s episode to hear why!

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Today's episode:

[00:58] What the license pre-application stage is, and why it exists.

[02:04] Percentage of potential applicants who actually apply for a FinTech license.

[02:44] The main goals of the pre-application stage. 

[03:56] Examples of circumstances under which your formal application could be rejected.

[05:20] What you will learn from going through the pre-application stage. 

[06:34] Information that you are required to submit during the pre-application stage.

[09:36] Why it’s important to disclose your sources of funding during the pre-application stage. 

[10:59] What is expected of you during the pre-application stage in terms of risk assessment and IML. 

[11:27] Factors that are not important during the pre-application stage. 

[13:01] The average length of time it takes to get through the pre-application stage.  

 

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