022 - Buying A FinTech Company VS Applying For Your Own License

Mar 1, 2021

Today Yana is going to share the pros and cons and different approaches to buying an already established FinTech company versus starting a new one and applying for your own license. Yana is in the middle of a project that actually involved both, so she feels she has a unique view on comparing the results and efforts. Listen as Yana describes the main advantage and disadvantage of buying a licensed company, plus so much more on this Compliance That Makes Sense episode. 

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Today's episode:

• [00:34] Hello, everybody!
• [01:50] The first advantage of buying a licensed company is that you can continue operating the business.
• [02:46] Yana shares the major disadvantage of buying a licensed company.
• [04:01] Can you explain what happens when you buy a business/company?
• [05:48] Yana speaks about an acquisition scenario.
• [08:00] You may not always know what they include in the scope when you buy in a different country.
• [09:51] Another important change you need to discuss the purchase with your bank.
• [11:50] Yana speaks about how the change in control is getting approved by the regulators.
• [13:01] There is almost always a need to submit a new regulatory plan with one important exemption.
• [16:14] Yana shares some examples of what she has been discussing around purchasing financial institutions.
• [20:01] Yana discusses the last argument or idea she would like to share.
• [22:48] Thank you for listening!

Show links:

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