Braithwate

Awesome soft launch of HM and Braithwate partnership. You can say that we didn’t solve the most critical regulatory issues of the day. But you can’t say we didn’t have fun!

💡 Day 2 of the Singapore FinTech Festival and it’s been packed full of demos, coffees, innovative presentations and deep technical exchanges. 🚀 I’m loving the energy and breadth of international representation here. If travel broadens the mind, this is like space exploration… ✅ It’s been incredibly useful to hear feedback (and an embarrassing amount of praise 🙏) on our products: RegPass (your personal compliance officer) and FintechXpndr (unlock global growth for your fintech). Our feature roadmaps for 2025 are 🔥 🍻 I’ll be at the AsiaNext / SIX community drinks this evening at the Fullerton Bay Hotel - come and say hi if you’re around! Chris Holland Lay Geok Yeo Paul Densley Colin Kleine 🚀 Reuben Conceicao Desmond Yong Flora Sun Sabrina Del Prete Luke Ryan Guy Phillips Katie Ramsey Roisin Perry Ben Goodwin Lorette Goh

🇬🇧 ✈️ 🇸🇬 En route to Singapore for the Fintech Festival. 🚀 Excited to introduce FintechXpndr to the global fintech community - nothing beats real user feedback to make a good product great! 🙏 Massive thanks to Pete Otaqui, Arjun Vajala, Joav Pedraza, Coen Basson, Chris Holland, Lorette Goh, Robin Green and everyone else whose passion and dedication has got us to this point. 💼 It’s going to be a busy week but I have a few slots open so let me know if you’d like a demo, coffee, beer etc. 🇬🇧 Thanks also to Katie Ramsey, Ben Goodwin and the Department for Business and Trade team for including me in the UK trade events. Braithwate HM ALIA Global Rabya Anwar, Esq. Mary Kopczynski Mekail Ahmed David Campbell-Molloy Jay Morrison Oonagh van den Berg (Lady) 🐦🔥 Rod Elliott Edouard Leonet

🚀 We're so excited to be working with RegAlytics to bring real-time regulatory horizon scanning to the RegPass™ platform. 💡 As Mary's vlog explains, RegPass™ is like a personal compliance officer, allowing you to ask questions in plain English and get clear, well structured answers back. And, crucially for legal and compliance officers, RegPass™ provides full traceability of the sources it uses. ☎️ Contact Mary Kopczynski or me to get early access!

✈️ I'm excited to be heading back to the Singapore FinTech Festival in early November! 🚀 With our partners HM, we are excited to announce that we will be previewing FintechXpndr, the platform for fintechs looking to expand internationally. ⚙️ FintechXpndr uses AI to help firms: - DISCOVER new markets and learn about the regulatory frameworks - APPLY for a licence, with all the forms and templates at your fingertips - BUILD the business in the new jurisdiction - from company incorporation to accounting, tax, hiring and office space - LAUNCH the new business successfully and operate effectively with ongoing support to stay compliant (And an added benefit for regulators: higher quality licence applications!) 💡 If you are thinking of expanding internationally and would like learn how FintechXpndr can help slash your time to market, I'd love to meet you at SFF week! ☕ I will be in Singapore all week (Mon 4 - Fri 8 November). Reach out now to book a coffee. 🙏 FintechXpndr is grateful for the support of Innovate UK and Enterprise Singapore #fintech #internationalexpansion #regulatorycompliance #financialregulation #authorisation #licensing #compliance #ai #regtech Chris Holland Claire Wilson Lay Geok Yeo Nick Cook Justin Cash Katie Ramsey Charlotte Crosswell OBE Ezechi Britton MBE Singapore FinTech Association (SFA) UK Finance Innovate Finance City of London Corporation TheCityUK Emily Shepperd Dominic Cashman Ian Hollowbread NORMAN & SONS Tarun Ajwani Arjun Vajala Mary Kopczynski Coen Basson Pete Otaqui Joav Pedraza Jason Goldberg Jason Boud Arnaud Wenger Rabya Anwar, Esq. Alex Johnson Simon Taylor Delphine F. Debby Davidson Matthew Borthwick Edouard Leonet Nikki Foster Le-Grys Karan Jain

🚀 The power of licensing for ambitious fintechs 🚀 Outside the US, few fintechs achieve unicorn status without international growth; navigating regulatory licensing is key to unlocking new markets and achieving billion-dollar valuations. In FintechXpndr’s latest blog post, we explore how neo-banks use licensing to: • Expand their Total Addressable Market 🌍 • Build investor trust by showcasing regulatory competence 💸 • Drive product and service innovation 💡 Learn how the biggest neo-banks used licensing as a strategic tool to scale and dominate their sectors. For any fintech startup, one message is clear: get your licences in order, and the growth will follow. 👉 Read the full post to explore these insights! The link is in the first comment. Braithwate James Nicholls Arjun Vajala Coen Basson Pete Otaqui Chris Holland

⚠ The Clock is Ticking: Get Your Consumer Duty Board Report Ready by 31 July 2024 🚨 The deadline for Consumer Duty Board Reports is 31 July 2024. This is a critical part of your compliance framework, ensuring you're delivering good outcomes for retail customers as mandated by the FCA’s Consumer Duty. 📈 Producing this annual report can be complex and requires meticulous documentation. Your report must confirm compliance with Consumer Duty obligations and be backed by solid evidence. The FCA expects firms to implement continuous monitoring and robust governance — not just a once-a-year check box exercise. 🛠️ Every aspect of your consumer operations must align with Consumer Duty principles. Detailed reporting on monitoring activities, risk assessments, customer outcomes, and remedial actions is essential. The FCA may scrutinize your underlying data, so accuracy is key. ⏰ Start now! Clearly define roles, prioritise data collection, and develop a comprehensive plan. Regular updates and checkpoints are crucial. Engage your Board and stakeholders early to avoid a last-minute scramble. 👇 Braithwate has produced a detailed FAQ on how to produce the Consumer Duty Board Report. Link below in the first comment.

🇺🇸🗽 I'm excited to be back in NYC next week! 🤝 Looking forward to a week full of meetings with clients, co-workers and friends. I'll be joined this week by my colleague, Arjun Vajala, and Chris Holland from our partner firm, HM. 🇺🇸 Braithwate's FinTech and New Bank & Broker licensing practice is working full-tilt to help our clients launch exciting new businesses in the US, UK and EU markets. 🚀 If you’re looking to enter the US market, we can help you get licensed, set-up pragmatic risk and compliance frameworks and support your ongoing operations. 💻 We also continue to advance our work in RegTech - if you're interested in understanding the state-of-the-art, or want to know how best to map regulatory obligations to your business model and control framework, we're here to help! ☕️ Get in touch for an initial chat over coffee or beer! #internationalexpansion #brokerdealer #fintech #compliance #regtech #coffee #neobanks #regulatorycompliance FinOp & Accountants - ACI - Accounting & Compliance International Jennifer Hinkel George Paxinos Mary Kopczynski Sophia Fountoukidis, MSW, LSW Jason Goldberg

😄 Happy Friday everyone! 💡 I'm beyond excited to announce that Braithwate has been selected to participate in the next "Design for Growth" cohort, led by Innovate UK and Magnetic. 🚀 We will be focusing the programme on the design and launch of our groundbreaking FintechXpndr platform - a one-stop-shop for fintechs looking to expand internationally. 🙏 Thanks to Alberto Martellini for recommending us! We are proud to be supported by Innovate UK as we design and launch this service. Chris Holland Claire Wilson Anna Nicolis Pete Otaqui Owen Barry Arjun Vajala Coen Basson FinTech Global FinTech Magazine FinTech Futures Innovate Finance Jamilia Grier #Fintech #DesignForGrowth #Innovation

⚠ “We Can't Afford This Risk Management Project” ⚠ 🔥 💵 The FCA has now issued over £4.1 billion in fines since 2014. Today’s £62 million fine imposed on Citi by the Bank of England (PRA) and the Financial Conduct Authority highlights the severe consequences of inadequate risk management systems. Citi's breaches of multiple PRA and FCA rules between April 2018 and May 2022 underscore the substantial financial and reputational risks associated with non-compliance. Similar costly penalties have been levied on other major banks, such as the £1.1 billion fines for G10 spot FX trading violations. As these cases illustrate, the financial and operational impacts of poor risk management extend far beyond the initial fines, encompassing remediation costs, reputational damage, client trust erosion, and increased regulatory scrutiny. While it can be tempting to implement a "minimal compliant solution" and firms understandably wish to "avoid gold-plating", controls must be effective. At Braithwate, we have a track record of helping our clients design and implement pragmatic and proportionate controls - and helping them scale as the business grows. This can be especially relevant in fast-growing fintechs, where cash is often very tight in the early days, but rapid growth can leave controls in the dust. >> See link in comments for our full write up. #WeCantAffordThisRiskManagementProject #Fines #ControlFailure