Compliance consultancies Braithwate and HM have unveiled FintechXpndr, a collaborative venture aimed at simplifying international expansion for fintech, crypto, digital asset and banking companies.
FintechXpndr’s primary mission is to streamline the process of obtaining regulatory licences and establishing operations across key regions, including the UK, Europe, Asia and the US. By offering a range of services, FintechXpndr positions itself as a comprehensive solution for companies seeking international growth.
One of the key services provided by FintechXpndr is regulatory expertise. The joint venture assists firms in obtaining licences, registrations and exemptions from regulatory authorities such as the UK’s Financial Conduct Authority (FCA), Prudential Regulatory Authority (PRA), and the Monetary Authority of Singapore (MAS).
Additionally, FintechXpndr offers streamlined company registration services and access to banking and accounting services, reducing the logistical challenges of international expansion. Efficient risk management, compliance and regulatory solutions are also on offer, ensuring that businesses can adhere to governance practices across multiple jurisdictions while focusing on their core operations.
Fast-track to expansion
FintechXpndr aims to reduce both the time and cost associated with international expansion. By leveraging their services, fintech firms can accelerate their time-to-market and minimise the resources required for expansion.
This includes assistance with international expansion strategy, regulatory analysis tailored to each firm’s unique needs, AI-powered licensing documentation, access to essential services such as banking and accounting, and post-authorisation support, which encompasses compliance, staff training and KYC solutions.
The unveiling of FintechXpndr coincides with the first anniversary of the UK-Singapore Fintech Bridge, a memorandum of understanding signed in November 2022. This initiative aims to strengthen trade and growth in the fintech sectors of both countries, fostering collaboration between regulators and businesses.
HM, a Singapore-based boutique management consulting firm, and Braithwaite, a UK and US-based specialist advisor in financial services, have previously collaborated in supporting fintech firms navigate the complex world of international expansion. The technology is based on Braithwate’s solutions including the Braithwate Compliance Cloud.
