Review Fintech Business Model to Confirm PSP vs MSB Standing
Budget: $50 – $0 CAD
We seek assistance from a certified Compliance Officer to evaluate a Canadian Fintech’s current & future business model to confirm where it stands in the PSP & MSB environment. We are aware of the changing regulations from FINTRAC relating to the MSB and PSP criteria update and want an officer to review the current business model to clarify standing.
Specific needs are:
1.) Initial review of the fintech's base business model and opinion on current PSP vs MSB status
2.) Opinion on future PSP vs MSB status based on trends in regulation updates
3.) Assistance with drafting communication to FINTRAC to define the business model to receive official confirmation of PSP vs MSB status
4.) Help understand critical dates and deadlines relating to PSP vs MSB regulation changes
Estimated time 3.5 hrs
1.) Initial Review: 15 - 30 min call with directors to discuss business model and their opinion of PSP vs MSB status
2.) Current & Future PSP vs MSB Opinion: 60 – 90 mins estimate to provide a written opinion on current and future standing as well as backup for why
3.) FINTRAC Communication Review: 30 - 60 min to review written responses to FINTRAC and advise on any revisions or changes
4.) Key Dates and Deadlines: 15 - 30 min close-out call discussing future dates and deadlines with fintech directors
Specific needs are:
1.) Initial review of the fintech's base business model and opinion on current PSP vs MSB status
2.) Opinion on future PSP vs MSB status based on trends in regulation updates
3.) Assistance with drafting communication to FINTRAC to define the business model to receive official confirmation of PSP vs MSB status
4.) Help understand critical dates and deadlines relating to PSP vs MSB regulation changes
Estimated time 3.5 hrs
1.) Initial Review: 15 - 30 min call with directors to discuss business model and their opinion of PSP vs MSB status
2.) Current & Future PSP vs MSB Opinion: 60 – 90 mins estimate to provide a written opinion on current and future standing as well as backup for why
3.) FINTRAC Communication Review: 30 - 60 min to review written responses to FINTRAC and advise on any revisions or changes
4.) Key Dates and Deadlines: 15 - 30 min close-out call discussing future dates and deadlines with fintech directors