Creation of a payment institution
Client : A company dedicated to international credit management
Duration : 88 days
Main achievements :
- Re-engineered the business processes and contracts linked to the client’s payment services provision activity, according to the requirements set by the Payment Services Directive (PSD) and the expectation of the payment systems supervisor
- Wrote all internal procedures (Internal Control, AML, compliance, management of the business relationship, accounting, Keeping payment accounts, …) in close collaboration with the client’s teams
- Developed a new business risk management system (ISSP, operational risks, …)
- Managed the construction and writing of the whole approval application file to address to the French payment sector supervisor, including the various appendixes formalization
- Designed and wrote the payment services framework contracts
- Adapted procedures to European subsidiaries (Italy, Spain, UK, Germany, Portugal, Benelux)
- Trained the 100 employees, among which management board accross France and all subsidiaries, both in French and English
Creation of a payment institution
Client : A telecom company without prior banking culture
Duration : 180 days
Main achievements :
- Designed the technical architecture of the solution
- Handled the tender procedure to find the “white label” banking services intended to be at the heart of the client’s solution
- Run the negotiation of tariff and technical features of the solution with the bank selected
- Managed the construction and writing of the whole approval application file to address to the French payment sector supervisor (“Prudential supervisory and resolution authority” or “ACPR”), including the various appendixes formalization
- Defined and wrote the internal control procedures in close collaboration with the client’s teams
- Helped developing the three-year business plan
- Built simulations of the appropriate prudential filters
Creation of a hybrid payment institution
Client : A telecommunication service provider
Duration : 96 days
Main achievements :
- Took over a project that had been previously unsuccessfully handled for two years by several law firms.
- Redefined the business approach, technical and financial flow diagrams and the legal framework
- Implemented a new methodology around a collaborative tool
- Wrote of all internal procedures (Internal Control, AML, compliance, management of the business relationship, accounting, keeping of payment accounts, …) in close collaboration with the client’s teams
- Managed the construction and writing of the whole approval application file to address to the French payment sector supervisor, including the various appendixes formalization
- Trained the employees implicated in the payment services provision activity (Anti-money laundering, handling of payment services activities, payment services providers requirements and supervisor’s expectations)