FinTech, Regulatory Risk, Compliance and Strategy experts

Welcome to Scott Robert.  Market leading consultants for FinTech and Financial Services firms.  FCA Authorisation, FCA Compliance, Risk Management, Strategy, and Technology solutions.  We specialise in taking entrepreneurs and innovative ideas to market through our expertise in FinTech and RegTech.  Our wealth of experience helps to ensure that our clients stay compliant and ahead of the competition.

Read our case studies to find out why we’re the regulatory partner of choice for some of the industry’s biggest names. Speak to one of our experts today for confidential and no obligation advice.

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Featured Case Study

FCA Authorisation for a lender with a different approach

A larger suppler of energy saving products who provides their goods on interest free credit turned to us for their FCA Authorisation when they need limited permission lending permissions. The client anticipated substantial growth but obtaining FCA Authorisation in a timely manner was essential to achieving their plans.

The client’s proposed business model took an unusual approach to the affordability assessment with it being calculated on the basis of the property in which the energy saving product is installed. As part of our pre-application review we assisted the client in refining their approach to ensure compliance, and gathered evidence to demonstrate compliance to the FCA.

We achieved authorisation for the client within 3 months of application with the FCA raising only minor queries on the business model.

Car Finance Broker Network

A new broker network which wanted to introduce car finance customers to an online car finance provider contacted us for support in obtaining FCA Authorisation. With potentially hundreds of dealers across the UK the firm faced a high level of scrutiny from the FCA.

From our substantial experience in obtaining authorisation for networks we knew the focus that would be placed upon having rigorous systems and controls in order to manage the client’s appointed representatives. We built a complete governance framework and provided training to the firm’s senior management in order to ensure successful FCA Authorisation. We are retained by the firm to provide ongoing compliance support.

Removing International Debt

A firm seeking to recover mortgage debt established by UK citizens in the US sought our assistance in ensuring its business model was compliant and in obtaining FCA Authorisation. The model was complex and the firm’s corporate structure posed a number of problems with regard to the FCA’s Threshold Conditions.

With revision to the business model based upon our recommendations the firm was able to secure FCA Authorisation. We assisted the firm through the process from start to finish and were on hand to support the firm in responding to questions put to it by the FCA.

Crowdfunding the tech industry

A FinTech start-up seeking to disrupt fundraising in the tech sector approached us initially for consultancy support to establish a compliant business model. The client was looking for a commercially minded compliance partner that would not only ensure it met its regulatory obligations but that could also add value to its business.

Following our initial consultancy the firm engaged us to build a crowdfunding platform through our sister technology company, Automate Tech, and engaged with us to provide outsourced administration of its crowdfunding platform. We also facilitated appointed representative status and were able to introduce the client to a wide range of industry contacts that added significant value to the firm’s business. The firm continues to retain us for ongoing compliance support.

Crowdfunding the tech industry

A FinTech start-up seeking to disrupt fundraising in the tech sector approached us initially for consultancy support to establish a compliant business model. The client was looking for a commercially minded compliance partner that would not only ensure it met its regulatory obligations but that could also add value to its business.

Following our initial consultancy the firm engaged us to build a crowdfunding platform through our sister technology company, Automate Tech, and engaged with us to provide outsourced administration of its crowdfunding platform. We also facilitated appointed representative status and were able to introduce the client to a wide range of industry contacts that added significant value to the firm’s business. The firm continues to retain us for ongoing compliance support.

Fortune 500 firm with UK lending business

A Fortune 500 firm listed on the New York Stock Exchange engaged us to review its UK operations and assist it with its direct FCA authorisation. The firm’s corporate structure was complicated and it also operates a high number of franchisees in the UK, who all required their own FCA authorisation.

We completed a review of past business for the firm, assisted in remedial action, prepared the firm’s application for authorisation, built its systems and controls and delivered training to the controlled function holders. We also prepared a compliance framework and tools for the firm’s franchisees and delivered compliance training. Working with the firm’s IT partner we developed the underwriting process including affordability and creditworthiness assessments. We continue to be retained for ongoing compliance support.

National car finance provider

A national car finance provider engaged us to assist with their ongoing compliance management, and to develop a new IT platform to manage both their firm’s operations. The firm operated a head office and call centre operation including both lending and broking functions. It also had a network of credit brokers which introduced business to it.

Although the firm had recently had support from a compliance consultant we undertook a fundamental review of the firm’s products and systems, and identified a number of remedial actions which we assisted the firm in carrying out. The firm subsequently required a variation of permission which we promptly completed. Through our sister firm, Automate Tech, we designed a new cloud based platform to manage the firm’s end to end processes with integration with third party services, and included a custom RegTech solution to manage the firm’s compliance activities.

Peer to Peer provider of asset backed loans

A new entrant to the peer to peer sector engaged us to prepare its application for authorisation, develop its systems and controls, and build its platform. The firm’s business model was focussed on commercial lending and so required complex underwriting to be developed with credit risk mapped to investor attitude to risk.

We carried out a business model review to refine the firm’s approach thus ensuring compliance with the requirements of the FCA. We also engaged with the FCA’s Project Innovate on behalf of the firm and assisted it through the entire application process. Automate Tech, our sister firm, developed and built the firm’s cloud platform including all of the user interface designs, and we are retained by the firm to provide ongoing compliance support.

Latest News

FCA launches call for input regarding crowdfunding rules

July 15th, 2016|Comments Off on FCA launches call for input regarding crowdfunding rules

FCA issues IT outsourcing guidance for firms

July 13th, 2016|Comments Off on FCA issues IT outsourcing guidance for firms

CMC fined over data sourcing issues

July 11th, 2016|Comments Off on CMC fined over data sourcing issues

Where next for crowdfunding and P2P: A summary of the FCA’s review of crowdfunding rules

July 11th, 2016|Comments Off on Where next for crowdfunding and P2P: A summary of the FCA’s review of crowdfunding rules

Items from the ICO annual report of relevance to financial services and claims management

July 8th, 2016|Comments Off on Items from the ICO annual report of relevance to financial services and claims management

VIEW ALL NEWS ARTICLES

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