Amsterdam as FinTech Gateway into continental Europe.
PaymentGenes specializes as a one-stop-shop partner applying for Banking, Payments Institution, E-Money Institution Licenses & card scheme membership.
The Dutch central bank is one of the most trustworthy regulators in Europe, making it very popular for FinTech companies entering the EU. Especially with the Brexit, this has only increased, which creates more pressure on the timelines and the amount of applications they can handle at the same time. We help with your market entry, from research and country deep dives towards market engagement with potential partners and clients.
Not having the steps done properly “the first time” will result in significant delay which can take a few weeks up to months. This is means a delay in revenue and extra costs. Our Regulation and Licensing services facilitate your company’s enter to the Continental European market with the appropriate license from the Dutch Central Bank and additional services tailored to your specific needs. Our clients’ business considerations are our expert’s challenges. We are committed to turning them into growth opportunities for all stakeholders.
As PaymentGenes Consultancy we review your documents and flag the missing elements.
We advice on how to get your documentation up to par and do the work for you if needed.
We file the application and become your liaison officer towards the Dutch regulator (DNB).
We will support you in ‘putting the dots on the i’ to complete your license application: “Welcome to Amsterdam!”.
Based on your specific needs we will support your Dutch branch with tailored sourcing (permanent, interim and / or consultancy).
Depending on the maturity of your documentation and your capability to fill identified gaps with your team and our support, the expected throughput time of your application process will be ten to twelve months. The actual license application process is expected to take between six to eight months.
"You were there to help us lay the foundation and continued to contribute along the way with advice, reflection and introductions"
"An excellent job restructuring the team, embedding the vision and strategy in the day-to-day operations and re-building the relationships with the global teams. Jeroen is very strong in building and maintaining (international) relations and aligning teams to reach a common goal. He has a strong focus on vision and strategy and is able to translate this into day-to-day practice. It has been a pleasure to work with him"
"Thanks for your great contribution to making next gen PayTech happen within our company!"
"We were looking for a partner with specific knowledge in the Payment Services market, which PaymentGenes was able to provide. Our relationship was fostered by good communication from day one, where PaymentGenes really made the effort to translate our needs into suggesting the right candidates for an open position at hand"
"I have had the pleasure of being approached by PaymentGenes. The result is, that I am now in a new exciting job. The process was very professional with an extraordinary level of dialogue with the PaymentGenes consultants. The two contacts, I talked to had a strong understanding of the Payment Industry and we actually had several strategy discussions, which I thoroughly enjoyed."
The fintech space has expanded significantly in recent times. The emergence of agile new players has disrupted the status quo, providing customers with state-of-the-art services and giving long-established financial institutions plenty to think about. Globally, the fintech market is predicted to be worth approximately $324 billion by 2026, exhibiting a CAGR of 23.41%.
Although some aspects of how we move around the urban environment have changed in recent years, several familiar problems remain. Cities continue to be plagued by over-burdened infrastructure, worryingly high pollution levels, and - perhaps most annoying of all - traffic. The large-scale transition to MaaS is the solution, yet also one of the biggest multifaceted challenges to overcome - in which payments play a critical role.
If Mobility-as-a-Service (MaaS) solutions are to continue their upward trajectory, businesses must ensure that the payment process is as frictionless as possible. Fortunately, the mobile payments space has developed rapidly over the last few years. When PayPal revolutionized the payments space in the early 2000s, it had few competitors in the nascent digital market. Today, every bank has its own mobile app to facilitate payments and a host of fintech firms have been founded as payment processors or gateways to create a highly competitive ecosystem.